And it’s not a good one.
The U.S. government posted a budget deficit of $222.5 billion in February, the largest monthly deficit on record, the Treasury Department reported Thursday.
The government spent about $333 billion in the month and took in about $110 billion. February is typically a deficit month.
Year-to-date, the deficit is $641.2 billion, according to Treasury.
And just how bad is Obama’s out of control spending?
Big government doesn’t come cheaply. According to Congressional Budget Office (CBO) figures released Monday, the budget deficit for February hit a staggering $223 billion – meaning the Obama administration added more in debt last month than was borrowed in all of 2007.
Yep, that’s right, Obama added more to the national debt, money that we don’t have, in a single month, than George Bush added in the entire year of 2007. What’s wrong with this picture?
U.S. Runs $222.5 Billion Deficit in February; Highest for Any Month
U.S. Budget Deficit Expanded to Monthly Record $222.5 Billion in February
U.S. Posts Record Monthly Budget Deficit In February
February budget deficit highest ever for any month
Budget deficit hits record $222.5 billion in February
US budget deficit hits record in February
U.S. federal gov’t monthly budget deficit rises to record high in February
US Trade & Budget Deficits Get Worse
Deficit this month more than all of 2007
Obama Is Setting Records but Not in a Good Way
Everybody knows exactly what has to be done, Medicare, Medicaid, and Social Security need to be reformed back into solvency. It’s going to be painful and unpopular and the longer we wait to do what’s necessary, the more painful and unpopular the reforms are going to be. Unfortunately, no one seems to want to take the lead on this issue and get the job done, least of all Obama, who’s supposed to be leading this country. Obama is nothing more than a narcissistic political opportunist, more concerned with getting reelected than he is concerned with doing what’s right for the American people and the country.
Hopefully, when they release their 2012 budget proposal, the Republicans will step up to the plate as patriotic adults, negative political repercussions be damned, and include entitlement reform that will start to bring this country back on to the path to fiscal sanity.
/because someone has to do the right thing for America, a concept lost on Obama and the Democrats
Filed under: Blog Entry | Tagged: 2007, 2011, Barack Obama, Big Government, Billions, Borrowed, Budget Deficits, CBO, Congressional Budget Office, Deficit Month, Democrats, Economy, Entitlement Reform, Entitlements, February, Figures, George W. Bush, Government, Largest Monthly Deficit On Record, Medicaid, Medicare, Monthly Budget Deficit, National Debt, Obama Administration, Record, Reform, Released, Republicans, Social Security, Staggering, Treasury, Treasury Department, U.S. Government, U.S. Treasury Department, United States, Year-To-Date |