Federal budget deficit for November hits $120.3 billion, record 14th straight month of red ink (unemployment rate, Pelosi)

[mikeharnen]

http://www.fms.treas.gov/mts/mts1109.txt

For those that haven't taken the time to look over November 2009 US Treasury report... let me point out some very SERIOUS figures. Visual Aid added for your shocking pleasure in the chart:

First Time since the Great Depression that the US Treasury of the United States had to pay out money to Corporations for Corporate Income Tax collected (A Deficit - BELOW ZERO) see chart

Last year, Nov 2008/FY2009 was a terrible enough, but this next point shows you the true UNEMPLOYMENT figures and amount of Personal Income Tax Collected from We The People. I can't even Imagine this devastating number:

Personal Income Tax collected

Nov 2008: $95,563,000,000.00

Nov 2009: $47,858,000,000.00 <====== BOOM 50% Drop

Almost $48 BILLION LESS than last year's collections... now do you think the Unemployment rate is @ 10%... nope, it's more in the range of 17.2% to 21%.

Astonishing Figures that the government is masking to the People/squelched by MSM. BTW, looking at Q4, 2007... confirms it was a RECESSION back then by looking at the drops across the board and total Receipts. So it took the Bush/Obama regimes to admit the recession 18 months later!



This is Devastating because not even the $150 Billion BS Stimulus Bill Pelosi/Obama are calling for WON'T offset the losses from even last year's bad quarters.

[mikeharnen]

Bump

[HappyTexan]

I knew that..I follow the real numbers from the reports. They are posted and easily accessible to anyone with a computer and browser. I don't fall for the MSM spin on reports as it's always "less bad" or "unexpectedly good". It's the trend people..the trend that tells you where we came from.

And comparing anything to 2008 is another joke as we were pretty bad in 2008. Tell me how we compare to 2007 and 2008 for a change and then toot your "less bad" rhetoric at me.