Tuesday 8 March 2011

U.S. sets $223B deficit record - Washington Times

The not only the budget needs some serious cutting, but Congress habit of SPENDING needs some serious cutting ... 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.

U.S. sets $223B deficit record - Washington Times

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