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The PJ Tatler

Charlie Martin


March 7, 2011 - 2:06 pm

Glenn pointed this out.  Here’s the basic story:

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.

He compares it to this story from 2007:

The Congressional Budget Office estimated Friday that the U.S. federal budget deficit for fiscal year 2007, which ended Sunday, was about $161 billion, or 1.2% of gross domestic product. That’s down from the $248 billion shortfall recorded in fiscal 2006, which translated into 1.9% of GDP. The Treasury Department will report the official tally later this month.

… and says: “This is what you voted for when you voted for change.”

Which is all fine, except, I’m sorry, but  when we’re talking about $223 billion, that’s not change, that’s serious money.

Charlie Martin writes on science, health, culture and technology for PJ Media. Follow his 13 week diet and exercise experiment on Facebook and at PJ Lifestyle

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