Monday, March 7, 2011

US sets record monthly deficit

Washington Times:
The federal government posted its largest monthly deficit in history in February, a $223 billion shortfall that put a sharp point on the current fight on Capitol Hill about how deeply to cut this year’s spending.

That one-month figure, which came in a preliminary report from the Congressional Budget Office, dwarfs even the most robust cuts being talked about on the Hill, and underscores just how much work lawmakers have to do to get the government’s finances in balance again.

A $223 billion dollar record deficit for one month! That means the government spent $223 billion more than it took in in only 28 days. A pox on both political parties. And people still think gold and silver are in a bubble.

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