Posted on 03/07/2011 9:24:25 AM PST by kcvl
The federal government posted its largest monthly deficit in history in February at $223 billion, according to preliminary numbers the Congressional Budget Office released Monday morning.
That figure tops last February’s record of $220.9 billion, and marks the 29th straight month the government has run in the red — a modern record. The last time the federal government posted even a monthly surplus was September 2008, just before the financial collapse.
Last month’s federal deficit is nearly four times as large as the spending cuts House Republicans have passed in their spending bill, and is more than 30 times the size of Senate Democrats’ opening bid of $6 billion.
(Excerpt) Read more at washingtontimes.com ...
Yes, you are right. I appreciate the correction.
$225 billion does not compare as stated against roughly $4.5 trillion.
None the less, it’s terrible.
Thank you.
Thanks KCVL.
FLASHBACK: Larger Than Bush 2007 Deficit For Entire Year...
October 5, 2007
The Congressional Budget Office estimated Friday that the U.S. federal budget deficit for fiscal year 2007, which ended Sunday, was about $161 billion, or 1.2% of gross domestic product. That’s down from the $248 billion shortfall recorded in fiscal 2006, which translated into 1.9% of GDP. The Treasury Department will report the official tally later this month.
http://blogs.wsj.com/economics/2007/10/05/deficit-for-fiscal-2007-slides/
I think you can point directly the idiot in the WH. He has no freaking clue, NONE! (and neither do the people around him) It makes me ill what he is doing to this country!
These people in our government are intentionally trying to destroy our country.
Hell, it’s so obvious.
These representatives and senators are supposed to be the best and the brightest we send to Washington.
Either they are incredibly ignorant or they are doing this on purpose.
My opinion, this is intentional.
The moment I saw this message, I knew the boss was baaack!
So, Jim, when a few "FUBO" posts start to arrive from your account, then we'll all know you're really in fighting form again!
Stay healthy, be well and thanks so much for all you do.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.