{"id":13318,"date":"2012-03-08T16:57:07","date_gmt":"2012-03-08T21:57:07","guid":{"rendered":"http:\/\/cfif.org\/v\/freedom_line_blog\/?p=13318"},"modified":"2012-03-08T16:59:44","modified_gmt":"2012-03-08T21:59:44","slug":"february-2012-largest-monthly-deficit-in-history","status":"publish","type":"post","link":"https:\/\/cfif.org\/v\/freedom_line_blog\/13318\/february-2012-largest-monthly-deficit-in-history\/","title":{"rendered":"February 2012:  Largest Monthly Deficit in History"},"content":{"rendered":"<p>Last month, we recalled Barack Obama&#8217;s <a href=\"http:\/\/cfif.org\/v\/index.php\/commentary\/43-taxes-and-economy\/1323-february-23-2009-obama-promised-to-cut-the-deficit-by-half\" target=\"_blank\">false promise<\/a> in February 2009 &#8220;to cut the deficit we inherited by half by the end of my first term in office.&#8221;\u00a0 Instead, the nation&#8217;s deficit went from $455 billion in 2008 to $1.4 trillion in 2009, $1.3 trillion in 2010, $1.3 trillion in 2011, and now another projected $1.3 trillion for 2012.\u00a0\u00a0 Today, the Congressional Budget Office (CBO) just announced that the February 2012 deficit of <a href=\"http:\/\/www.washingtontimes.com\/news\/2012\/mar\/8\/govt-sets-record-deficit-february\/\" target=\"_blank\">$229 billion<\/a> is the single largest monthly budget deficit in American history.<\/p>\n<p>A $229 billion deficit would probably be close enough to make good on Obama&#8217;s promise to cut the $455 billion 2008 deficit in half as he approaches the end of his &#8220;first&#8221; term.\u00a0 Except that it turned out to be for one month, not one year.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Last month, we recalled Barack Obama&#8217;s false promise in February 2009 &#8220;to cut the deficit we inherited by half by the end of my first term in office.&#8221;\u00a0 Instead, the nation&#8217;s deficit went from $455 billion in 2008 to $1.4 trillion in 2009, $1.3 trillion in 2010, $1.3 trillion in 2011, and now another projected [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[81,59,24],"class_list":["post-13318","post","type-post","status-publish","format-standard","hentry","category-posts","tag-debt","tag-deficit","tag-obama"],"_links":{"self":[{"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/posts\/13318","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/comments?post=13318"}],"version-history":[{"count":3,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/posts\/13318\/revisions"}],"predecessor-version":[{"id":13321,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/posts\/13318\/revisions\/13321"}],"wp:attachment":[{"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/media?parent=13318"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/categories?post=13318"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/tags?post=13318"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}