Economy
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Title: Government posts biggest monthly deficit ever
Source:
The Washington Times
URL Source: http://www.washingtontimes.com/news ... -biggest-monthly-deficit-ever/
Published: Mar 7, 2011
Author: Stephen Dinan
Post Date: 2011-03-07 13:31:50 by Happy Quanzaa
Keywords: Obamanomics in Action
Views: 25261
Comments: 35
The federal government posted its largest monthly deficit in history in February at $223 billion, according to preliminary numbers the Congressional Budget Office released Monday morning. That figure tops last February’s record of $220.9 billion, and marks the 29th straight month the government has run in the red — a modern record. The last time the federal government posted even a monthly surplus was September 2008, just before the financial collapse. Last month’s federal deficit is nearly four times as large as the spending cuts House Republicans have passed in their spending bill, and is more than 30 times the size of Senate Democrats’ opening bid of $6 billion. Senators are slated to vote this week on those two proposals — both of which are expected to fail — and then all sides will go back to the negotiating table to try to work out a final deal.
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Begin Trace Mode for Comment # 35.
#1. To: Happy Quanzaa (#0)
(Edited)
the GOP has been in control of spending for what, 2 months now? And of course before they took office they agreed on a 2-year tax cut extension that added $858 billion to the deficit. So no problem then right?
Over 10 years. That's $85 billion a year. The deficit this year alone is $1.65 TRILLION. Take the tax cut out and the deficit this year is still $1.565 TRILLION. Tax revenues aren't the problem. Spending is the problem.
Listen, you need to make up your mind. If you believe that I'm not capable of talking with adults, then don't ping me to your posts.
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#2. To: go65 (#1)
added $858 billion to the deficit
#3. To: jwpegler, happy qanzaa, lucysmom, godwinson, war, skip intro, we the people, ignore amos, a k a stone (#2)
#35. To: go65 (#3)
Replies to Comment # 35.
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