Image: Budget deficit tops $1 trillion for first time      (AP)
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First buzzed by: Nathan C

Budget deficit tops $1 trillion for first time (AP)

AP - WASHINGTON — The federal deficit has topped $1 trillion for the first time ever and could grow to nearly $2 trillion by this fall, intensifying fears about higher interest rates, inflation and the strength of the dollar. » Full Story on Yahoo! News

WAY TO GO BARRY! It took you just 6 months to do something the rest of our Presidents combined couldn't do for 200 years.

YOU FRAUD! YOU ARE RUINING OUR COUNTRY. GET OUT AND TAKE YOUR AMERICA HATING WIFE WITH YOU.

posted Jul 13, 2009 |
+246
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Thank you Jerk Off Obama!

posted Jul 13, 2009 |
+165
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Thanks, Obummer, You little communist rat. How have you screwed me today?

posted Jul 13, 2009 |
+166
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and it's going to get much worse....after 7 months in office obama has accomplished nothing AT ALL...and it's officially been his economy for 7 months so lets not hear anything about BUSH....
obama-----spend spend spend...typical Democrat and unemployment WILL reach 10% +......what a geniuses we have elected and appointed..

posted Jul 13, 2009 |
+163
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WTG Dip Sh!t.

posted Jul 13, 2009 |
+91
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It is expensive cleaning up the mess the Cheney/Bush Administration left behind. $11.5 trillion over 8 years.

posted Jul 13, 2009 |
-236
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Only 1 trillion? Just wait Nobama is not through yet, bend over and spread your cheeks.

posted Jul 13, 2009 |
+124
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The Stimulus is working just the way it was planned to work says President Obama. It's a success! I guess he is one of those people who believe that if you keep saying something over & over others will begin to believe it is true.

The American prople, who you work for, are not that stupid, Mr. President!!!!

posted Jul 13, 2009 |
+133
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leave it to a jack@ss!
but from looking at the past 99 years....the damn elephants ain't done no better.
The National Debt:
1910 2.6 (billions)
1920 25.9
1930 16.2
1940 43.0
1950 257.4
1960 290.2
1970 389.2
1980 930.2
1990 3,233.3 (trillion)
2000 5,674.2
2005 7,932.7
2006 8,506.9
2007 9,007.6
2008 10,024.7

posted Jul 13, 2009 |
-79
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Don

It doesn't take long, 2 years of a DUMOCRATIC CONGRESS AND SENATE and six months of OBUMMER. Will we survive to 2010 with the dollar worth anything? We need to get this congress out in 2010 and OBUMMER out in 2012. We haven't seen anything yet, CAP & TRADE and SOCIALIZED MEDICINE and the dollar will be worth about 2 YEN.

posted Jul 13, 2009 |
+106
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AD

It says the deficit is due primarily to government spending to combat the recession and the wars are major factors also. That doesn't make sense because didn't Barry promise to cut the deficit in half? Why are we running 10 percent unemployment with no signs of GDP growth but growing unemployment expectations? They have passed 3 stimulus bills with another on the way but the problem keeps getting worse...which means that the government cannot stimulate the economy, SOCIALISM DOESN'T WORK.

posted Jul 13, 2009 |
+89
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Unfortuately taxing and spending is coming at the worst possible time for our country and unless Obama has some other ideas to actually control spending (which he doesn't seem to have any experience doing) things are going to go from bad to worse.

posted Jul 13, 2009 |
+79
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Wait until you see what's coming. This is only the beginning.

We need an overhaul in Congress and term limits for all elected officials.

posted Jul 13, 2009 |
+89
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"The problem with socialism is that you eventually run out of other people's money." Margaret Thatcher

posted Jul 13, 2009 |
+97
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Z

And he did all this while he took credit for reaching an accord with Russia that Medvedev denies, showed off taking bows in Ghana with his wife and kids, came back and had the nerve to threaten congress for not getting his pet project done in time so he could take credit for it and push it through before any of us had a chance to see what it is (or isn't just like teh Stimulus package). What a multi-tasker this guy is! Now, he has his people hinting around about a Second Stimulus Package. How about that?

posted Jul 13, 2009 |
+55
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How nice of the typcially Left-wing media to not place any blame for the huge deficit. Granted left a sizeable amount (452 billion) but my hats off to Barry for pulling off all this govt spending. "We must pass this bill now!" Get it while the gettins good.

posted Jul 13, 2009 |
+47
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Is he going to provide the P.O. box we can send our monthly payments too? I have good credit and wouldn't want to ruin it....

posted Jul 13, 2009 |
+39
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The Government credit rating is now zero."We The People" would like to thank all the politicians who had a hand in this.See you in 2010.

posted Jul 13, 2009 |
+55
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gil

There will be more stimulus and more bailouts. Wall Street firms who support the DEMON RATS and O'bummers group of ex-goldman sachs employees or share holders will see to it. You idiots out there gave one party TOTAL control. They can do what ever they want. They will also ensure through the fraudulent Census, vote fraud and outright buying of votes, that they will remain in power for a long time. Get ready.

posted Jul 13, 2009 |
+35
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The Federal Government along with the Federal Reserve, have sold-out the American People.
Our Constitution is at stake.

posted Jul 13, 2009 |
+57
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let's start another war!!!!

posted Jul 13, 2009 |
-42
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This is not good!!!! Now I know why the media is beating up on Palin right now, because she is going to be very, very popular in three years.

posted Jul 13, 2009 |
+58
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A law should be passed to raise the voting age to 21, and if you don't pay taxes you don't get to vote no matter what age unless your retired and paid taxes before you retired.

posted Jul 13, 2009 |
+73
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I should thank all the "Change" folks who mindlessly voted for him this November...we told you he was an empty suit and empty promises! It's too bad many Americans, mostly the minority groups who got duped along with the occasional white Dem. Should have voted for Independent or Libertian.

posted Jul 13, 2009 |
+52
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chrisglenn, teach these ignorant racist fool the FACTS of why, why the deficit is so high. They have \had a memory lost who left, the country in dire straits "BABY BUSH and his executioner CHENEY. THE PRESIDENT IS DOING ALL HE CAN TO CLEAN UP THE REBULICANTS PUKE WHICH THEY THREW UP ON THE ECONOMY AND OUR REPUTATION..

posted Jul 13, 2009 |
-110
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b

Let's give a few more billion $'s to Africa. Who cares if Americans are starving. Way to go Obama, ya dick.

posted Jul 13, 2009 |
+70
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This reports states that tax revenue's are down. Duh, what do you expect with this large unemployment we have. No one working= no taxes being paid. So the Dem's want to spend more money on new entitlement programs.(Health Insurance for the sick,lame and lazy) more bailouts for other losers.This has got to stop. Does anyone in DC have any Idea of what they are doing to this country? Our Government is out of control? any suggestions????

posted Jul 13, 2009 |
+60
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Join the taxpayer march on DC on September 12th!

posted Jul 13, 2009 |
+33
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I am here to criticize as well, but I will at least show some class and not curse at the President. This CHAOS is exactly what he wants, and always has. It will convince the masses to rely more and more on government = Socialism - plain and simple. Those who did zero research on this guy, and our main stream media as well, would have seen this coming like I did over a yr ago. Look at who he hung with - it is not rocket science this guy is not a USA fan. What does FED run well - DMV, Social Security? No. And now they run car co's, banks, healthcare is next. FREEDOM is disappearing right in front of us. You don't hang with that preacher for 20 years and not believe SOME of his sermons. Please.

posted Jul 13, 2009 |
+23
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One Trillion!! You ain't seen nothing yet.
All the dumb americans that were in favor of bailing out the banks, wall street, the auto makers, continuing two wars, wanting national health care, and stimillus checks are in for a big surprise when the debt goes to 4 or 6 trillion in the next 5 yrs.
What do you expect when american jobs are disappearing at a rate of 500,000 per month. Jobs that provide tax revenue.
The "New World Order" who control the world have just pulled the biggest swindel of all, the biggest transfere of wealth out of the USA and into private pockets in the history of humankind.
This country is in a downward spiral to collapse.

posted Jul 13, 2009 |
+16
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