October 1, 2009
Happy New Year! - fiscally speaking
The government's fiscal year begins today so, in the spirit of the new year, let's take stock of our fiscal accomplishments over the past year, I present some facts and figures courtesy of The Committee For a Responsible Federal Budget (via Hit and Run ):
• $1,650,971,205,167 added to the national debt, bringing the total to $7.5 trillion.Figures sure to warm the cockles of any red blooded Obamabot out there. As for the rest of us, please pass that bottle of scotch - I think I'll pour myself a jigger or two.
• 99 banks taken over by the Federal Deposit Insurance Company.
• 684 banks receiving support from the Troubled Asset Relief Program that doesn't buy troubled assets.
• 11.2 percent: the percentage of the federal deficit to GDP. This is the highest that ratio has been since Japan surrendered in 1945.
• $164 billion spent out of the entire $787 billion in stimulus funding in the American Recovery and Reinvestment Act. Most of this has gone to Medicaid, unemployment and the Making Work Pay Tax Credit.
Getting drunk may be the only way to make sense of the sorry state of our country's finances.
FOLLOW US ON
Recent Articles
- Can Trump Really Abolish the Department of Education?
- Carney’s Snap Election -- And Trump Saw It Coming
- We Can Cure Democracy, But Can We Cure Stupid?
- George Clooney: Master of Cringe
- Malicious Imbeciles
- Face the Nonsense, Again: Margaret Brennan’s ‘You Should Watch the News’ Moment
- Public School Teachers: The Stupidest Creatures on the Planet
- The Activist Judges Who Think They Outrank the President
- Dismantling USAID Services in Africa
- There Are EVs And There Are Teslas. They Are Not The Same.
Blog Posts
- The DC appellate court order affrming Judge Boasberg dishonestly ignores its lack of jurisdiction
- Hegseth boards plane flanked by two ‘bada**’ women, and the politically correct capitulation tour continues
- Payback: J.D. Vance calmly gives Denmark a real reason to be paranoid since they're asking for it
- Political shenanigans in Texas
- Jasmine Crockett tries to backpedal her ‘hot wheels’ comment about a wheelchair-bound Gov. Abbott, forgets the internet archives exist
- Signal debacle – maybe intentional
- Trump’s executive orders have big leftist law firms running scared
- In Denmark, Americans have become 'the deplorables'
- Mike Huckabee and a turning point in US-Israel relations
- Up is down, down is up!
- Who will thaw the Arctic?
- Do trans people expect us to abandon common sense?
- Impeach the judges
- How Mississippi eliminated the income tax
- The ‘agua’ battle on the border