US Posts Record $220.9 Billion Budget Gap in Feb

[red states rule]

OK, how is "change" a good thing for America?

Or is this Bush's fault and Obama inheritied it?




WASHINGTON (Reuters) - The United States posted a record $220.91 billion budget deficit in February, Treasury Department data showed on Wednesday.

The February deficit was in line with analysts' consensus forecast in a Reuters poll for a $222 billion budget gap but well above the $193.86 billion for the same period a year ago.

The department said the budget gap for fiscal year 2010 to date was a record $651.60 billion, well above the $589.80 billion posted for the same period in fiscal year 2009.

The government has now posted a budget deficit for 17 straight months, the Treasury Department said.

In February, outlays rose to $328.43 billion from $281.17 billion in February 2009 and was the largest on record for a February, the department said.

http://abcnews.go.com/Business/wireStory?id=10063785

[Monkeybone]

it's progress Red... progress. you gotta borrow money to spend money to make money to pay back what you borrowed to make more money to spend and make equitiy for more money to borrow when we need that little extra to spend to make money to pay back what we borrowed to make money to get us back on our feet. :thumb:

[red states rule]

it's progress Red... progress. you gotta borrow money to spend money to make money to pay back what you borrowed to make more money to spend and make equitiy for more money to borrow when we need that little extra to spend to make money to pay back what we borrowed to make money to get us back on our feet. :thumb:

These words spoken by Pres Obama need to be campaign ads for CONSERVATIVES while the voters ses the deficit numbers


"And if we continue down the same reckless path, I don't think that future generations who'll be saddled with debt will see these as years of progress."

"We can't keep mortgaging our children's future on a mountain of debt."