WASHINGTON—Even as government receipts posted a rare increase in February, soaring outlays pushed the country's year-to-date deficit up to a record $651.60 billion.
The government's fiscal 2010 year-to-date deficit is up 10.5% from fiscal year 2009.
The government in February alone ran its largest ever monthly deficit—$221 billion, the U.S. Treasury said in releasing its monthly budget statement Wednesday.
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4 comments:
I don 't get the 1996 to 2010 reference...
The reference is to the lifespan of the Democratic controlled congress (both houses).
The current crisis, as you have pointed out, is much like past ones except in degree. The liberals have so screwed up the economy by attacking the creators and sucking the money out of the economy (note deficit due to spending increase) that the voters are going to play off with their heads come November.
You are wrong on all counts. First, you must mean 2006 - 2010, as the bad guys ran things from 1996 - 2006. Second, the Democrats have rescued what was a collapsing economy under the Bush Administration. (In, fact I can definitively say that it was Bushes fault).
The "degree" you are perhaps referring to is the deficits. What would you expect when Bush handed off a $1.3T deficit that was rapidly GROWING. Was Obama supposed to take a magic wand and shrink the deficit in the face of the worst economy in 80 years? Really?
The US economy has outperformed most other western industrialized nations since Obama took the oath of office. The adults are back in charge. When the Democrats pass Health Care, any hopes you had of regaining control of Congress will be dashed. By golly, just maybe the governing party can govern.
my bad, points the same.
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