Re: Media not very imaginative as to why we have $1.3 trillion deficit

[walt tonne]

On Oct 15, 2:40 pm, Iconoclast <goldst...@nym.hush.com> wrote:
> The myopic mainstream media blames the $1.3 trillion deficit on food
> stamps and unemployment benefits without bothering to look at foreign
> aid, money thrown at Africa to fight AIDS there, money sent to Mexico
> to pay the corrupt officials there to play soldier against narco-
> traffickers, money sent to Haiti, money to give bonuses to Wall Street
> criminals and to pay for General Motors to build factories in Mexico
> and China, and countless other ways the Feds give our money away to
> foreigners.
>
> http://hosted.ap.org/dynamic/stories/U/US_BUDGET_DEFICIT?SITE=COBOU&S...
>
> Oct 15, 2:20 PM EDT
>
> Government reports $1.3 trillion budget deficit
>
> By MARTIN CRUTSINGER
> AP Economics Writer
> Advertisement
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> Latest Budget News
> Government reports $1.3 trillion budget deficit
>
> Multimedia
>         Obama's 2011 budget
> Interactive National Debt
>         See the Debt Today, and Through History
> Multimedia
>         The U.S. Trade Deficit
>
> WASHINGTON (AP) -- The Obama administration said Friday the federal
> deficit hit a near-record $1.3 trillion for the just-completed budget
> year.
>
> That means the government had to borrow 37 cents out of every dollar
> it spent as tax revenues continued to lag while spending on food
> stamps and unemployment benefits went up as joblessness neared double-
> digit levels in a struggling economy.
>
> While expected, the eye-popping deficit numbers provide Republican
> critics of President Barack Obama's fiscal stewardship with fresh
> ammunition less than three weeks ahead of the midterm congressional
> elections. The deficit was <snip>

And the beat goes on.