$120 billion budget deficit in October

Happy New Fiscal Year and welcome to more deficit spending! As told from Yahoo News:

The budget deficit rose in October, the first month of fiscal year 2013, as looming negotiations over expiring tax cuts and imminent spending reductions dominated the post-election political landscape.

The Treasury said on Tuesday the October deficit was $120 billion, larger than economist forecasts for a $114 billion gap and up from $98 billion in October of 2011.

I have a simple question on this. Does America care?

I know segments of America care very deeply about this grave issue. I know mothers and fathers who weep at the prospects of where our government is headed in terms of fiscal insolvency and that their children will be picking up the pieces, if they’re able to.

America, as a whole though, the adult population, do we care in general? Do a “man on the street” question regarding budget deficits or the national debt and you will get a likely 95% of respondents who have almost zero knowledge on this topic or couldn’t be bothered to inform themselves.

Obviously nearly 50% of the voters care which is why they didn’t support President Obama for a second term since his administration in the first term has added more to the debt than George W. Bush added in two terms. No excuse for President Bush, he started down this path and opened the door.

The general population, in my experience, seems unaware of the direction in which we’re headed and the implications for our society. We think Europe is a far off land with fiscal problems that don’t resemble ours. We think Greece is just a segment on the evening news having little similarity to our eventual destination.

My bottom line question: How far do we have to go down this road of debt and deficits until more of the general population realizes where we’re headed? Follow up: When that time comes, is it too late?

  • Bill Hedges

    AM AFRAID the day liberals & buma finally says DRIL BABY DRILL the Sun will no longer shine upon our Nation. Americans will have moved to Greece for a better life…

  • Bill Hedges

    Friday, 03 August 2012 09:22

    “House Passes Bill Eliminating Senate Approval of Presidential Appointments”

    “Last year, the Senate passed the measure by a vote of 79-20, so it now goes to the desk of President Obama for his signature”

    “To the minds of many, however, the trade of rightful power for a more streamlined appointment process is a ripoff. As the Heritage Foundation says”:

    “The Congress should not reduce the number of Senate-confirmed appointments as a means of dealing with its cumbersome and inefficient internal process for considering nominations. Doing so gives away Senate influence over a number of significant appointments, does nothing to improve the Senate process, and still leaves nominees whose offices require nominations mired in the Senate process. The proper solution to the problem of a slow Senate is to speed up the Senate rather than to diminish the role of the Senate. The Senate should look inward and streamline its internal procedures for considering all nominations. The proper solution also is the faster one, as the Senate can accomplish the solution by acting on its own in the exercise of its power to make Senate rules, while S. 679 requires approval by both Houses of Congress”

    http://www.thenewamerican.com/usnews/congress/item/12302-house-passes-bill-eliminating-senate-approval-of-pres-appointments

  • Bob

    Here is a listing of the appointments concerned in the House bill mentioned above:

    http://www.gop.gov/bill/112/2/s679

  • Bill Hedges

    Bob _ Not sure if you are for or against bill…

    I am concerned about this bill. Opening for abuse is too wide. Like president filling appointments when Congress is on break. Treaties leading to ban/restrictions on gun ownership making presents laws but a stepping stone/ or bypass to our laws as well as our Congress. Hitler style register then confiscate bybuma. Without due diligence this bill will be abuse I fear. I agree with Heritage Foundation quote”:

    Already concern exist of buma skipping Congress will with his own. Using his questionable powers. buma having $$$ billions at his disposal from stimulus bill to HAND OUT is troubling. buma spoke of $$$ billion campaign war chest, stimulus money could stimulate that. Contributions & vote buying since he did not have funding he bragged he would have. Like the PURE coincidence THAT BP gave big portion of their money to buma’s campaign THEN largest abuser of breaking regulation in Gulf buma GOT waiver of regulations LEADING to largest oil spill in Gulf. NO tic for tac THERE ???

    This bill was first passed by Senate. Did it originate in House ? Maybe you have more information on this bill than I…

  • OBAMA_SUCKS

    Nate,
    It is not that many do not care, it is they do not know. Our country is dumb, plain and simple. People are not informed what so ever.

  • Bill Hedges

    More National debt ON ITS WAY…

    ANYONE want to make a WAGER ???

    buma is *** buy vote president *** OF ALL TIMES WITH HIS LARGEST NATIONAL DEBT OF ALL TIMES.

    George Bush after Katrina said federal funds was only for federal properties. Want to bet buma DOESN’T SAY THAT about Sandy. Long Island has demo Chuck Shumer , on the left side of buma at top of lib _ mon·arch _.

    Better watch FOX to find out. Lib news will say is common practice to use federal money for private property (whatever it takes to protect the Blessed One). Rest assured UNIONS labor will do the work. REMEMBER, Alabama utility workers who volunteered to help were denied enter as scabs during Sandy. REMEMBER oil leak in Gulf HAD TO WAIT for American ships to be rigged up to clean oil with UNION workers IN Gulf…
    .

  • I’m sure you could find photos of this kind of crowd caetrngoging at past Pride weeks (Especially outside the Stonewall), but the pure joy and relief and excitement and hope on so many faces and knowing the context in which these were taken I think New York has brought the meaning back to Pride. 0