U.S. Budget Deficit Rises. Receipts fell while outlays grew. In February 2012, the U.S. government ran a budget deficit $231.7B, the Treasury Department reported. (Full Report) This is up substantially from the $222.5B deficit in February 2011.
Fiscal YTD, the deficit is $580.8B, $60.4B less than at the same period last year.
|TABLE 1. SUMMARY OF RECEIPTS, OUTLAYS AND THE DEFICIT/SURPLUS BY MONTH OF THE U.S. GOVERNMENT (IN MILLIONS)|
The latest employment report (Feb. 2012) says there are 142,065,000 people with jobs in the U.S. That means that if we were to split the current YTD deficit equally between them, we each ran up another $4,088 in the first five months of fiscal 2012!
Did you get your money's worth?
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