Posted by
Defend America on Wednesday, March 10, 2010 8:29:33 PM
Another Record Month of Red Ink: Government Racked Up Record Monthly Deficit Of $220 Billion in February
March 10, 2010 5:01 PM
ABC News’ Matthew Jaffe reports:
The government racked up a record-high monthly budget deficit of $220.9 billion in February, the Treasury Department announced today.
The latest flood of red ink brings the total deficit for the first
five months of the current fiscal year to $651 billion, far exceeding
the $589 billion shortfall for the same timeframe in the last fiscal
year.
The government ended the 2009 fiscal year with a record $1.4
trillion shortfall. The Obama administration has forecast a $1.56
trillion deficit for this year.
http://blogs.abcnews.com/politicalpunch/2010/03/another-record-month-of-red-ink-government-racked-up-record-monthly-deficit-of-220-billion-in-februa.html