…when it comes to federal deficit spending that is, with February's coming in at $220 billion vs. a yearly deficit for 2007 of $161 billion. This is 14 percent higher than the previous monthly record deficit, set just last February.
The news via CentristNet. (Yes, I know personifying responsibility for the deficit in the president's hands alone is misleading, and that Bush helped in many ways to bake the cake of this deficit. Still, when someone seeks the job of head of state, he should be prepared to take the public fall for its excesses.)
And history-making deficits should be with us for a long time to come, as Veronique de Rugy explained in Reason magazine's June 2009 issue.