US Runs 4th Straight $1 Trillion-Plus Budget Gap; More Stimulus? You Already Got It; Welcome to Slow Growth

"If stimulus worked, then why isn't it? The US has $1 trillion deficits for four years in a row. If that's not stimulus, what is? Since it isn't working, the next question is how are we going to pay for it?

While pondering those questions, please note US runs a 4th straight $1 trillion-plus budget gap.

The United States has now spent $1 trillion more than it's taken in for four straight years.

The Treasury Department confirmed Friday what was widely expected: The deficit for the just-ended 2012 budget year — the gap between the government's tax revenue and its spending — totaled $1.1 trillion. Put simply, that's how much the government had to borrow..."

 at http://globaleconomicanalysis.blogspot.com/2012/10/us-runs-4th-straight-1-trillion-plus.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+MishsGlobalEconomicTrendAnalysis+%28Mish%27s+Global+Economic+Trend+Analysis%29#ojKGXV0GtWMht2mm.99