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