Obama Government Posts Largest Monthly Federal Deficit in US History … $223 Billion in February 2011
Barack Obama sets another record … Hope and Change, eh?
Wasn’t it just the other day that President Barack Obama was lecturing America during his weekly address stating that “we need a government that lives within its means.” Yes we do Mr. President and you and your Democrats are not it. Living within your means, maybe Barack Obama would like to explain the record monthly federal deficit of $223 billion for February 2011.
The federal government posted its largest monthly deficit in history in February, a $223 billion shortfall that put a sharp point on the current fight on Capitol Hill about how deeply to cut this year’s spending.
That one-month figure, which came in a preliminary report from the Congressional Budget Office, dwarfs even the most robust cuts being talked about on the Hill, and underscores just how much work lawmakers have to do to get the government’s finances in balance again.
Of course when Obama posts such an out of control federal deficit, its time to blame GWB; however, as reported at the Gateway Pundit, it turns out that Obama’s one month $233 billion deficit or larger than George W. Bush’s for all of 2007.
This president must be defeated in 2012 before this country is taken to the point of no return.