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alstry (36.12)

Prepare....You are about to visit CAPE FEAR!!!!!!!

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April 10, 2009 – Comments (8)

U.S. 09 federal deficit triples in first half of fiscal year

U.S. 2009 year-to-date deficit $957 billion vs. $313 billion

U.S. March outlays up 41%, receipts down 28%

U.S. March federal deficit rises to $192 bln vs. $48 bln

MARCH DEFICIT WAS UP 400%....VS. 300% FOR THE FIRST HALF OF THE YEAR!!!!!!!!!!!!

Notice a trend forming.......yes my fellow CAPPERS.....the deficit is gowing exponentially........

RECEIPTS ARE DECLINING.........and outlays are increasing....OUCH!!!!!!!

And this doesn't include state and local governments....what do you think is happening to receipts and outlays at the NON federal level.

Soon your Uncle will be calling, so will your county, and city, and state you live in.....it won't matter how much money you have........your Uncle and local officials will need it ALL to protect the U.S. and the rest of World as we spend hundreds of billions chasing down terrorists and funding foreign nations ...........

I know we all play CAPS for fun.....but this is real life......

North Carolina's Cape Fear is 22nd bank to fail in '09

Joe’s Sports, Outdoors and More, a sporting goods chain formerly known as G.I. Joes, begins liquidation of goods from its 31 stores on Friday, according to widely published reports.  Joe's started operations over 50 years ago vacating hundreds of thousands of square feet of retail space after filing Chapter 11 in March.

Money is running out fast.  Government is running out of money.  Businesses are running out of money.  Citizens are running out of money.  Food banks are running out of food.

Business after business that I consult with is facing increasing pressures every week.  Company after company we read about are laying off 10% of workforces or more.....now many are shutting down completely and firing everyone.

Cities and States will likely be laying off hundreds of thousands in upcoming months as revenues evaporate.  Tenants will be vacating millions of square feet of retail and office space as millions more new feet come to market in the next 12-18 months.  Many commercial real estate operations will be insolvent.

My guess right now is 70-90% of EVERY American Citizen, Business, and State and Local Government will be forced to file BANKRUPTCY. 

First our federal deficit was 2X more than last year, then 3X and now 4X.  AND LAST YEAR's deficit was HUGE........

Yes my friends we are about to face something we have never faced before.....it is inevitable....now it is just a question of when as we proceed forward with misguided policies.

Please prepare........don't succomb to fear........stay focused

Never Fear when Alstrynomics is here........you have been warned!!!!!!!!!!!!!!

8 Comments – Post Your Own

#1) On April 10, 2009 at 10:28 PM, alstry (36.12) wrote:

Notice...After all this spending.....American Taxpayers are still burdend with debt.........but the bankers are sitting on hundreds of billions in bonuses!!!!!!!!!!!!!!!!!!!!

Soon you will learn my fellow Fools.

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#2) On April 10, 2009 at 10:47 PM, motleyanimal (85.87) wrote:

Alstry writes:

"Business after business that I consult with is facing increasing pressures every week."

That's an interesting way to describe your daily trips to the neighborhood bar. Just tell the wife you are doing "research."

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#3) On April 10, 2009 at 10:50 PM, alstry (36.12) wrote:

Why go to the neighborhood bar.....I can just go drink at my neighbors' homes......I do it all the time......

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#4) On April 10, 2009 at 10:59 PM, alstry (36.12) wrote:

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#5) On April 11, 2009 at 2:32 AM, jgseattle (32.74) wrote:

"My guess right now is 70-90% of EVERY American Citizen, Business, and State and Local Government will be forced to file BANKRUPTCY." 

You say this but advocate to pay down debt.  If your 70-90% is true why bother?  Put the money someplace that it cannot be reached in BK.  (good luck getting my gold out of my hands)

I know this is really similar to my other comments so sorry about that but these numbers just again show me how the risk of carring debt is minimal as at some point it will be written off.

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#6) On April 11, 2009 at 12:26 PM, apoorinvestor (< 20) wrote:

Like most Black people, Obama has no finacial responcilbility...

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#7) On April 11, 2009 at 12:53 PM, alstry (36.12) wrote:

Niether do most Whites, Reds, Yellows, Pinks, Blues or anyother color for that matter......

But if you are somehow trying to distinguish one race from another.....you my friend will end up being the greatest fool of them all.

No president in American, or World for that matter, history ever presided over the infection of a nation with so much toxic debt as the Bush adminstration.

Under the Bush adminsitration, we all collectively drank the kool-aid......regardless of race or ethnic origins......now we are all about to realize it and feel the symptoms.

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#8) On April 12, 2009 at 1:13 AM, edbbear (< 20) wrote:

Thanks for posting the William Black interview.  We need more people like this to speak out about what is happening.

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