February's Deficit Is Record $229 billion...

[eyer]

...which breaks the previous monthly deficit record of $223 billion set in February 2011.

Since fiscal year 2012 began last October 1, the government has been borrowing 42 cents of every $1.00 it's spent...

...and $869 billion in revenue has been collected so far, while $1.5 trillion has already been spent

We've now experienced a record streak of 41 consecutive months of deficits, stretching all the way back to the final months of W's term...

...before that, the longest streak of consecutive deficit months was 11.

Our total national debt currently amounts to almost $15.5 trillion...

...with interest on that amount currently at almost $227 billion a year.

http://www.washingtontimes.com/news/2012/mar/8/govt-sets-record-deficit-february/

http://www.usdebtclock.org/

 

[JAMESBJOHNSON]

The pols are buying all the gold they can with that borrowed money! Cut them some slack.

 

[mercury14]

...which breaks the previous monthly deficit record of $223 billion set in February 2011.

Since fiscal year 2012 began last October 1, the government has been borrowing 42 cents of every $1.00 it's spent...

...and $869 billion in revenue has been collected so far, while $1.5 trillion has already been spent

We've now experienced a record streak of 41 consecutive months of deficits, stretching all the way back to the final months of W's term...

...before that, the longest streak of consecutive deficit months was 11.

Our total national debt currently amounts to almost $15.5 trillion...

...with interest on that amount currently at almost $227 billion a year.

http://www.washingtontimes.com/news/2012/mar/8/govt-sets-record-deficit-february/

http://www.usdebtclock.org/

Good ol' Washington Times opinion pages.

- Do you honestly think we were running a surplus until the final months of the Bush presidency?

- How come you didn't copy the part of your article that says federal spending has leveled off?

- How come when I go to source at CBO.gov it says the following?

CBO estimates in its latest Monthly Budget Review—$63 billion less than the shortfall recorded for the same period last year.

Receipts in February 2012 were about $5 billion (or
5 percent) lower than those in February 2011, CBO
estimates. The decline resulted primarily from an
increase of $25 billion (or 47 percent) in refunds of
individual income taxes. Roughly three-quarters of that
increase stemmed from shifts in the timing and
recording of refunds and from the additional day in
February this year: A delay in processing refunds
caused some to be paid in February that would, in past
years, have been disbursed in January; February 2012
included one more business day than February 2011;
and some refund payments that ordinarily would have
been recorded in March were reported at the end of
February.

You guys are relying on March receipts being pushed into leap day in order to make your numbers dance.

Why do you take opinion as fact when there is this thing called the internet that you can use to find actual facts?

 

[Drixxx]

Fuck the deficit. America needs jobs.

 

[tactful]

There's a deficit ?

 

[unregistered]

 

[Super-Surprise]

Fuck America.....Canada is going to eat your lunch! And your dessert!

 

[miles]

Bush's fault. Clearly.

 

[1fromawoodpile]

Don't worry.

We can borrow $1.5 billion from abroad EVERY day for the next 10 years to pay it back.