The Treasury Department reported yesterday that the February deficit totaled $220.9 billion--a full 14 percent higher than the previous record set in February of last year. In addition, the first five months of this budget year have run up deficit totals of $652.6 billion--levels of red ink more than 10 percent higher than one year ago.
The Obama administration is forecasting the 2010 budget deficit to hit an all-time high of $1.56 trillion and remain above the $1 trillion mark for 2011, too.
ICYMI: Female Trump Supporter Wearing Make America Great Again Hat Drove Social Justice Warrior Insane
What Responsibility Do Black Americans Have to Prevent Police Shootings?
Socialist Venezuela New Food Police Unit Targeting People For Waiting In Supermarket Lines