Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: tradermike_1999 who started this subject	3/24/2003 1:46:27 AM
From: smolejv@gmx.net	Read Replies (1) of 74559

Maybe a non-sequitur, but wth... ... February was another dismal month for federal finances, with the largest monthly deficit on record. With year-over-year revenues down 8.6% and spending up 6.8%, February’s deficit surged 26.7% to $96.33 billion. Year-to-date (5 months of the fiscal year) revenues are down 8.2% to $705 billion, while outlays are up 7.6% to $899 billion. The y-t-d deficit of $194 billion compares to the comparable year ago deficit of $67 billion. Looking at the largest departments, y-t-d Defense spending was up 19% y-o-y, Education 23.7%, Health & Human Services 12.6%, Veterans 22%, Social Security 6.6%, and Agriculture 4.5%. Year-to-date Interest expense is down 2%. AND current account balances (in BUS$) Japan +128 Euroland +56 Norwegen +32 Switzerland +27 Mid/East Europe +18 China +18 UK -22 US -510 RegZ dj PS: the world as a whole owes 253B according to these numbers but dont worry, we'll print and bomb ourselves out of all problems.

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