Fail. Obama Posts LARGEST MONTHLY DEFICIT EVER… Larger Than Bush 2007 Deficit For Entire Year
Worst. President. Ever.
Barack Obama told Americans Saturday in his Weekly Address,
“We need a government that lives within its means.”
But, that was Saturday.
Today we found out that Obama’s February deficit topped Bush’s Deficit for all of 2007.
Barack Obama tripled the national deficit in his first year in office. In his second year the deficit was again a record $1.29 Trillion. This year the deficit will be even higher.
This chart was updated to reflect the recent news that the deficit this year will reach $1.65 trillion. (The Captain’s Comments)
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.
But don’t worry…
Democrats are willing to cut a .28% from their record budget.