The federal government, under the “leadership” of President Obama, has posted it’s highest monthly deficit of all time. Ever! Now that’s quite an accomplishment. For an indication of just how dreadful it is, February’s deficit of $223 billion is higher than the deficit for the entire fiscal year 2007.
You remember 2007 – when Democrats were slamming President Bush for deficit spending.
Democrats are blaming the runup in deficit spending on Bush and his Republican allies who controlled Congress for the first six years of his presidency. They criticize him for resisting improvements in health care, education and other vital areas while seeking nearly $200 billion in new Iraq and Afghanistan war spending.
“We pay in interest four times more than we spend on education and four times what it will cost to cover 10 million children with health insurance for five years,” said House Speaker Nancy Pelosi, D-Calif. “That’s fiscal irresponsibility.”
Republicans insist congressional Democrats are the irresponsible ones. Bush has reinforced his call for deficit reduction with vetoes and veto threats and cites a looming “train wreck” if entitlement programs are not reined in.
Yet his efforts two years ago to overhaul Social Security had little support, even among fellow Republicans.
Yeah, Nancy Pelosi actually had the nerve to talk about fiscal irresponsibility.
Democrats have had full control of the federal budget for years now. So I guess when they criticized the deficit spending, their gripe was that they weren’t yet spending enough money. Well, as we can see this reckless gang of spenders has taken care of that.
H/T Ace of Spades via The Other McCain
Update: Memeorandum now has a thread.
Tags: 2007, deficit, ever, February, highest, month, President Bush, slammed
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