Government Sets Record Deficit In February...

Discussion in 'Politics' started by paulitician, Mar 8, 2012.

  1. paulitician
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    paulitician Platinum Member Supporting Member

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    The federal government recorded its worst monthly deficit in history in February, according to a preliminary report Wednesday from the Congressional Budget Office that said the deficit in fiscal year 2012 is already more than half a trillion dollars.

    The CBO’s figures show that despite repeated efforts to trim spending, the government has borrowed 42 cents of every dollar it spent during the first five months of this fiscal year.

    The nonpartisan agency projected the government will run a deficit of $229 billion in February, the highest monthly figure ever. The previous high was $223 billion a year ago, in February 2011.

    It is the 41st straight month the government has run a deficit — itself a record streak that dates back to the final months of President George W. Bush’s tenure. Before now, the longest streak on record was 11 months.

    Govt. sets record deficit in February - Washington Times
    DRUDGE REPORT 2012®
     
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  2. The T
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    The T George S. Patton Party Supporting Member

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    Are we up for another "Summer of Recovery" (Part 3)?
     
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  3. iamwhatiseem
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    iamwhatiseem Gold Member

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    Any minute now...Jillian or rightwinger...something about Boooosh.
     
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  4. TakeAStepBack
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    TakeAStepBack Gold Member

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    What did you expect? Fiscal responsibility? :lmao:
     
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  5. The T
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    The T George S. Patton Party Supporting Member

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    Not from this President nor this Congress...and that means both sides of the aisle.
     
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  6. squinch
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    squinch Active Member

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    Good news!!! I hope it goes higher!
     
  7. paulitician
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    paulitician Platinum Member Supporting Member

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    :eek:
     
  8. Matthew
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    Matthew Blue dog all the way!

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    This is on course to be 3-4 times that of Bush's Deficit's. Obama is going to turn our nation into Greece.
     
  9. Full-Auto
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    Full-Auto Gold Member

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    As democrats say. SS is safe, we only have to threaten seniors to raise the debt ceiling now.

    Democrats stand up and take a bow, you must be so proud.

    Ass wipes................
     
  10. The T
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    The T George S. Patton Party Supporting Member

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    The EU is trying to back out of what they know to be failure. Obama is 'Damn the Torpedos...! AmerEUca or bust...'!
     

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