February Deficit Hits $203 Billion
I haven’t posted the deficits for December and January because they were nearly even or in surplus for these months. If not reporting the news that doesn’t fit your agenda is good enough for The New York Times, ABC, CBS, NBC, CNN, and MSNBC, then apparently, I’m a journalist following the highest of ethics.
Mainly, I didn’t post the Treasury numbers for December and January to see if balanced budgets were truly a trend or not. After looking Februrary’s numbers, I think I can positively say “not”.
While spending seems to be somewhat constant, but still too high, revenues have inched up a bit, accounting for the decent numbers in January and December (but keep in mind, both months produced relatively low deficits in FY 2012 as well).
Even though the government ran a $203 billion deficit in February, it doesn’t have enough money to continue tours of the White House.
This nation does have a spending problem, with all due respect to Obama and Pelosi.
For the first five months of FY 2013, our government has overspent by almost $500 billion dollars.
Where are the roads, the bridges, the space program, or the technology produced by this spending? Of course, the real answer is that Obama’s deficits have bought precious few infrastructure projects, even less technology, but instead, have been lavished upon his base, in the guise of fleeting benefits that cure no ill and leave those beholden to them in the same shape as when they started suckling the government teat.