Wow, when it comes to deficit spending Barack Obama makes George W. Bush look like a piker… From The Washington Times:
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.
Ouch… Just how prolific a spender is Pres. Obama? Well, the February budget deficit was larger than Bush’s entire 2007 deficit.
I think Ed Morrissey is right… I must be getting old, because I too can remember the good old days when a $223 billion deficit would send “Democrats screaming to cable news shows about the profligacy of George W. Bush and his ruinous economic policies.” But now days nary a whimper.
The real question now is whether this will cause both sides to get serious about making meaningful spending cuts. Frankly, I’m not hopeful.