Obama Administration Ran Up Largest Monthly Budget Deficit in February in History

 

More “Hope and Change” … Thank you Mr. President.  Your policies are not the solutions to our economic problems, they are our problems.

For February, 2010 Barack Obama’s government ran up the largest monthly budget defict in history. THAT IS CORRECT, IN HISTORY!!!

The Treasury Department stated that the February deficit totaled $220.9 billion, 14% higher than the previous record set in February of last year. For the year in the first five months of this budget totals deficits are $651.6 billion or 10.5% higher than a year ago. Obama has the audacity to say that this spending was necessary to hold unemployment at 8%, yet we find it presently at 9.7%.

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.

The Obama administration is projecting that the deficit for the 2010 budget year will hit an all-time high of $1.56 trillion, surpassing last year’s $1.4 trillion total. The administration is forecasting that the deficit will remain above $1 trillion in 2011, giving the country thrree straight years of $1 trillion-plus deficits.

The administration says the huge deficits are necessary to get the country out of the deepest recession since the 1930s. But Republicans have attacked the stimulus spending as wasteful and a failure at the primary objective of lowering unemployment.

The administration defends the economic stimulus bill that Congress passed in February 2009 with a pricetag at the time of $787 billion as the right medicine to get the economy back on its feet. President Barack Obama has said even more is needed to battle an unemployment rate that remained stuck in February at 9.7 percent.

Our children, grandchildren and future generations who you have stuck with this debt thank you for this change Barack.

This White House keeps talking about focusing on jobs and yet they still are stuck on stupid and health care reform that no one wants or cares about.What is this President’s answer to failed job spending bills? More spending bills. Good grief!

Is it any wonder Obama has a Daily Presidential Tracking poll rating of -21.

2010 and 2012 cannot come fast enough.



If you liked this post, you may also like these:

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  • Ooops, Barack Obama Understates Federal Deficits by $2.3 Trillion
  • House Republicans Vote to Ban All Earmarks … Return to Conservative Principles
  • President Barack Obama’s New Budget: $1.65 Trillion Deficit for This Year
  • Up, Up and Away … Budget deficit rises to $120 billion in October




  • Comments

    18 Responses to “Obama Administration Ran Up Largest Monthly Budget Deficit in February in History”

    1. Buster on March 11th, 2010 11:06 am

      The black plague !!!

    2. dawg1948 on March 11th, 2010 11:51 am

      You have not seen anything yet, with his policies we will be so far in debt it will take a thousand years to climb out of it.

    3. Scott on March 11th, 2010 1:14 pm

      Where’s the doo-doo yoyo? He really needs to shut his trap. We all know he is an illegal anyways so what he says is constant dribble like an old man with an enlarged prostate.

    4. rightknight on March 11th, 2010 1:30 pm

      Satisfying the personal political needs of Obowma is
      analogous to a sex fiend loose in a house of ill repute
      with We the People’s credit card.

    5. Buster on March 11th, 2010 2:01 pm

      What’s he thinking ???
      Is all this really happening ???
      Some one please wake me UP !!!

    6. Miss-Underestimated on March 11th, 2010 2:49 pm

      Nancy Pelosi: “We Have to Pass Our Bill So That You Can Find Out What Is In It”

      Can we get Nancy to sign a document first and then we can explain the terms of her resignation???

    7. Scott on March 11th, 2010 3:07 pm

      New gallup low.

    8. Brenda in Virginia on March 11th, 2010 3:55 pm

      220 Billion? that’s alot of watermelon ;)

    9. Buster on March 11th, 2010 5:56 pm

      I only would buy a watermelon from obamanos if I could turn around and throw it at him !!! I mean the things would be guaranteed right ???

    10. super dave on March 11th, 2010 6:29 pm

      democrats are too ignorant to understand that they
      are getting screwed too. that’s pretty bad. they only care that their side wins and are unconcerned about their childrens’ future. complete aand total dumba$$e$

    11. brie. on March 11th, 2010 6:33 pm

      The US is in big trouble…thanks to the spending of Obama and his cronies…he had the label of tax and spend from the very beginning but no one listened….A background check needs to be done immediately , current and past…..he is not one to be trusted….!!!!!!And it seems like he thrives on what more damage he can do to America….!!!!

    12. Michelle on March 11th, 2010 6:41 pm

      More proof for that loser YoYo with his muffintop that Obama has outspent in his first year what Bush spent in 8 years.

      Oh I’m sure he will be on here calling us all racists and teabaggers and rightwing wacko’s and try to spin it and blame Bush but we are not buying his propaganda.

    13. yoyo muffintop on March 11th, 2010 6:51 pm

      Your silence on the topic of Republican deficit spending certainly makes it look like you approved of the deficit shenanigans of Reagan, Bush 41 and Bush 43. And that makes your objections to Obama’s deficit spending, and your love of the teabagger party, look a lot more like naked political opportunism than any sort of principled reasoned opposition.

      Oh, wait, I get it…you became a deficit hawk a few microseconds after Obama was elected. Lol.

    14. Greg the mongoose on March 11th, 2010 7:07 pm

      Madness! Instead of cutting back he increases spending. Morons running the country.

    15. Brenda in Virginia on March 11th, 2010 8:04 pm

      Dear Buster…I would buy you a watermelon to see that.

    16. Steve Holloway on March 11th, 2010 10:53 pm

      #13 How bad does it have to get before you say you are wrong about your man O?

      Bush 41….pretty bad

      And Bush 43 started out pretty good….but he turned against us also. He took our rights away and only the libs said anything about it…now that something could be done about it, O extents Bush’s P.Bill that is against our freedoms. O is a commie and destroying our country from within.

      yoyo…you can’t see the truth, sorry for being so blunt.

      I will stand by the guy I voted for until he doesnt do what he says he will do. I do not blindly follow the nut heads.

    17. Brenda in Virginia on March 12th, 2010 8:37 am

      Hi Steve. Sadly, the leftists have not clue they are nutheads.

    18. House Republicans Vote to Ban All Earmarks … Return to Conservative Principles | Scared Monkeys on March 12th, 2010 11:16 am

      [...] will be interesting how this legislation plays out in the political environment we are in and the record Obama budget deficits. Share [...]

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