Monthly Deficit Tops $220 BILLION in February

Unbelievable, when you consider that the pre-Obama record ANNUAL deficit was $455 billion in 2008.....This administration will blow past that in about 2 months!!

The government racked up a record-high monthly budget deficit of $220.9 billion in February, the Treasury Department announced today.

The latest flood of red ink brings the total deficit for the first five months of the current fiscal year to $651 billion, far exceeding the $589 billion shortfall for the same timeframe in the last fiscal year.

The government ended the 2009 fiscal year with a record $1.4 trillion shortfall. The Obama administration has forecast a $1.56 trillion deficit for this year.