The Associated Press: Budget deficit sets record in FebruaryBudget deficit sets record in February
By MARTIN CRUTSINGER (AP) – 17 hours ago
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.
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 three straight years of $1 trillion-plus deficits.
3 years, $4T more debt.
How long did it take GWB to add $4T to the national debt?
7 years, 9 months --- almost his entire term.
But, the Obamanation will give Him a pass.