Military版 - US gov deficit hit $1.3T, will double in the coming year |
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发帖数: 901 | 1 WASHINGTON – The Obama administration said Friday the federal deficit hit a
near-record $1.3 trillion for the just-completed budget year.
That means the government had to borrow 37 cents out of every dollar it
spent as tax revenues continued to lag while spending on food stamps and
unemployment benefits went up as joblessness neared double-digit levels in a
struggling economy.
While expected, the eye-popping deficit numbers provide Republican critics
of President Barack Obama's fiscal stewardship with fresh ammunition less
than three weeks ahead of the midterm congressional elections. The deficit
was $122 billion less than last year, a modest improvement.
Voter anger over deficits and spending are a big problem for Democrats this
election year. Republicans are slamming Democrats — who face big losses in
November — for votes on Obama's $814 billion economic stimulus last year
and on former President George W. Bush's $700 billion bailout of Wall Street.
Democrats say the recession would have been worse if the government hadn't
stepped in with those programs to prop up the economy. They also note that
most of the bailout, which began during the previous administration and was
supported by many Republicans in Congress, has been repaid. |
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