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.
You can't say Barack Obama hasn't brought to change to Washington. Last month under his watch, the federal government racked up the largest monthly deficit EVER--keeping the country on track to top last year's record for the full year.