The Congressional Budget Office estimates that the Federal Government ran a $45 billion deficit for the month of June. This brings to $973 billion the total deficit for the first nine months of Fiscal Year 2011, which amounts to a monthly average of $108.11 billion.
By comparison, the top five oil companies combined – Exxon, Chevron, Conoco Phillips, BP and Shell – had a total profit of $77.4 billion for all of 2010 from between all their wordlwide operations. Furthermore, the total $952 billion in profits raked in between these five firms from 2001 all through 2010 from their global and American operations would not cover the current FY2011 deficit which is already $973 billion, and has three more months to swell.
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