Obama And The Democrats Set Another Record!

And it’s a record that really sucks.

US budget deficit hits record in April

The US Treasury Department says that the federal budget deficit hit a record for the month of April, reaching nearly 83 billion dollars.

On Wednesday, the Treasury Department announced that the April deficit soared to $82.7 billion, the largest imbalance for that month on record.

That was significantly higher than last year’s April deficit of $20 billion and above the $30 billion deficit private economists had anticipated.

Revenues for April were down 7.9 percent from a year ago, dipping to $245.3 billion. That decline included a fall in individual income tax payments.

That reflected not only the impact of millions of people out of work but also tax relief provided through the economic stimulus program that Congress passed in February 2009.

The latest data brought the deficit for the first seven months of fiscal year 2010 to around 800 billion dollars.

The White House had warned that the deficit for fiscal year 2010 could go above one and a half trillion dollars.

See also:
U.S. posts April deficit for 3rd time in 30 years
U.S. Posts 19th Straight Monthly Budget Deficit
19 Straight Months! April’s Record-Breaking Budget Deficit
US budget deficit wider-than-expected in April
Federal budget deficit $82 billion in April
Budget Deficit in U.S. Widened to $82.7 Billion (Update1)
U.S. posts record April budget gap-UPDATE 2
U.S. April budget deficit $83 billion: Treasury

It’s especially pathetic when the totally out of control, Democrat Congress enabled Obama administration spending sets a budget deficit record in the month when the bulk of the yearly Federal tax receipts roll in!

/this isn’t Greece, is this Greece?

I Voted For Obama And All I Got Was This Lousy $13 A Week

Remember on the campaign trail when Obama hammered home, again and again, his promise to give tax relief to 95% of Americans?

Well, here it is, enjoy, don’t spend it all in one place.

Obama: People should see tax cut help by April 1

It took only weeks for the notoriously slow Congress to pass the $787 billion economic stimulus package. President Barack Obama signed it into law less than one month into his presidency.

So when should most people hope to start seeing the benefits of tax cuts in it?

By April 1, according to the president.

“Never before in our history has a tax cut taken effect faster or gone to so many hardworking Americans,” Obama said Saturday in his weekly radio and Internet address.

The president said his signature two-year “Making Work Pay” tax break will affect 95 percent of working families, and, in six weeks’ time, a typical family will start taking home at least $65 more every month.

Taxpayers won’t get a separate check mailed to them like many did with last year’s one-time payment designed by the Bush administration to help boost the economy.

Instead, Obama’s credit — up to $400 credit for individuals and up to $800 credit for married couples — is to be doled out through the rest of the year through paychecks. Most workers are to see about a $13 per week increase in their take-home pay. In 2010, the credit would be about $7.70 a week, if it is spread over the entire year.

See also:
First sign of stimulus? Probably your paycheck
Obama’s Tax Cut for 95 Percent of Workers: $13 a Week
Obama to workers: $13 per week tax cut starts April 1
Lawmakers Worry Whether Obama Tax Cut Will Stimulate Consumer Spending

Oh, and if you’re disabled or on Social Security, you get a whopping one time payment of $250. Better than a broken stick in the eye, right?

Hey America, Obama promised you that 95% of Americans would get tax relief, you fell for it, you [expletive deleted] up and voted for him, and this is how he kept his word. He never promised you a rose garden. Now sit back and relax while he finishes completely destroying the U.S. economy.

Obama to Unveil an Ambitious Budget Plan

President Obama is putting the finishing touches on an ambitious first budget that seeks to cut the federal deficit in half over the next four years, primarily by raising taxes on business and the wealthy and by slashing spending on the wars in Iraq and Afghanistan, administration officials said.

Again, read carefully, that’s “cut the federal deficit in half over the next four years, primarily by raising taxes on business and the wealthy“.

/20 words, four figure DOW drop, welcome to the New American Reality