Saturday, July 28, 2012

Failed Economic and Fiscal Policies Lead to Another Trillion Dollar Deficit | The Minority Report Blog

 

The report projects that the federal government will run a budget deficit in excess of one trillion dollars for the fourth consecutive year. Consistent with an alarming track record of missed budget deadlines and a refusal to adhere to budget laws, the Administration has not once met its legal obligation to provide this update by July 15 in the past four years. Today’s report of a $1.2 trillion budget deficit comes on the same day the U.S. Commerce Department reported of sluggish economic growth. Today also marks the 1,185th day since the Democrat-controlled U.S. Senate last passed a budget resolution.

Failed Economic and Fiscal Policies Lead to Another Trillion Dollar Deficit | The Minority Report Blog