Regime borrows 46% of all payola it has spent in FY2013

[dsummoner]

Source:

The federal government borrowed 46 cents of every dollar it has spent so far in fiscal year 2013, which began Oct. 1, according to the latest data the Congressional Budget Office released Friday. The government notched a $172 billion deficit in November, and is already nearly $300 billion in the hole through the first two months of fiscal year 2013, underscoring just how deep the government’s budget problems are as lawmakers try to negotiate a year-end deal to avoid a budgetary “fiscal cliff.”

Higher spending on mandatory items such as Social Security, Medicare and interest on the debt led the way in boosting spending compared with the previous year, which also highlights the trouble spots Congress and President Obama are struggling to grapple with.

The costs of socialism and borrowing to pay for said socialism leading the way?!? Shocking!

That the Regime wishes to push off any discussion regarding cuts in said socialism to 'next year' (aka never) is not surprising especially when one considers that most of the vapid Americlan populace is died in the wool socialist.

[flyboy56]

And if we can't show a real strong monetary fiscal policy restraint going into 2013 we will most likely see another credit downgrade. At a 1.25% interest rate, we are paying $230b interest on $16T national debt. Just a 1 point rise in the interest rate will take a serious toll on the already over spending fiscal budget. But the Democrats are more worried about how Obama will look if we do the right thing and stop spending which will most likely lead to another recession. But that would be far better than a crash and burn scenario the USSR experienced in 1989.

[dsummoner]

It would be heroic and legitimate for the credit rating agencies to cut the US credit rating yet again. In a multipolar world where there is working well with others and being a part of a global community, there is no excuse for letting a socialist deadweight such as 'merica and its socialist entitlement seeking Americlan populace have anything but a diminished credit rating.

[flyboy56]

I would not be surprised if other countries are starting to look for more stable currencies to hold and will eventually drop the US greenback as the standard. Our currency is the only reason why we still have "friends."