Friday, April 08, 2011

CBO, Budget deficit for 6 mos: $803 Billion, $113 bil more than last year

In contrast, net interest on the public debt increased by $14 billion (or 13 percent). Expenditures for Medicaid rose by 9 percent, and spending for Medicare and Social Security increased by 4 percent each. Defense spending increased by less than 2 percent.