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Read the rest here:WASHINGTON — The government ran up the largest monthly deficit in history in February, keeping the flood of red ink on track to top last year’s record for the full year.
The Treasury Department said Wednesday that the February deficit totaled $220.9 billion, 14 percent higher than the previous record set in February of last year.
The deficit through the first five months of this budget year totals $651.6 billion, 10.5 percent higher than a year ago.
Budget Deficit Sets Record in February Stop the Pork!
Because their God, Keynes, tells them so...The administration says the huge deficits are necessary to get the country out of the deepest recession since the 1930
Okay, now to play devil's advocate
Through the first five months of the budget year, government revenues totaled $800.5 billion, down 7 percent from a year ago,
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