Fail. Obama Posts LARGEST MONTHLY DEFICIT EVER… Larger Than Bush 2007 Deficit For Entire Year

Worst. President. Ever.

Barack Obama told Americans Saturday in his Weekly Address,

“We need a government that lives within its means.”

But, that was Saturday.
Today we found out that Obama’s February deficit topped Bush’s Deficit for all of 2007.

Barack Obama tripled the national deficit in his first year in office. In his second year the deficit was again a record $1.29 Trillion. This year the deficit will be even higher.

This chart was updated to reflect the recent news that the deficit this year will reach $1.65 trillion. (The Captain’s Comments)

In Febrauary the Obama Administration posted the largest monthly deficit in US history.
The Washington Times reported, via Free Republic:

The federal government posted its largest monthly deficit in history in February at $223 billion, according to preliminary numbers the Congressional Budget Office released Monday morning.

That figure tops last February’s record of $220.9 billion, and marks the 29th straight month the government has run in the red — a modern record. The last time the federal government posted even a monthly surplus was September 2008, just before the financial collapse.

Last month’s federal deficit is nearly four times as large as the spending cuts House Republicans have passed in their spending bill, and is more than 30 times the size of Senate Democrats’ opening bid of $6 billion.

But don’t worry…
Democrats are willing to cut a .28% from their record budget.

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Jim Hoft is the founder and editor of The Gateway Pundit, one of the top conservative news outlets in America. Jim was awarded the Reed Irvine Accuracy in Media Award in 2013 and is the proud recipient of the Breitbart Award for Excellence in Online Journalism from the Americans for Prosperity Foundation in May 2016. In 2023, The Gateway Pundit received the Most Trusted Print Media Award at the American Liberty Awards.

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