On April 7th 2011 the federal government spent $142.3 billion

crybaby-boehnerFeeling good about that pathetic deal Boehner cut with the Harry Reid and the rest of the Democrats? $39 BILLION in spending cuts through September 2011, with a $1.65 TRILLION deficit. Wow, i’m so impressed. You should be too when you consider that on Thursday, April 7th, 2011 the federal government spent $142.3 billion in just one day! I don’t know about you, but I’m really impressed Boehner!

According to CNSNEWS:

To fund the $142.3 billion it spent on Thursday, the U.S. Treasury borrowed $132.8 billion during the day by selling new debt instruments—and almost all of these ($129.9 billion) were short-term Treasury bills that mature in one year or less.
By far, the federal government’s top expense on Thursday was paying off old debts that came due and that the government had a legal obligation to meet. During the day, Treasury reports, it paid off $130.75 billion in Treasury securities that had matured.

Lets put this deal in a little more perspective. The deal cut by Boehner/Reid will reduce the Obama deficit from $1,650,000,000,000 to $1,612,000,000,000. I know I feel better about this country’s future. How about you?

No TweetBacks yet. (Be the first to Tweet this post)

April 8, 2011 · Filed Under Harry Reid, John Boehner


Comments