{"id":4188,"date":"2010-03-12T11:18:08","date_gmt":"2010-03-12T16:18:08","guid":{"rendered":"http:\/\/cfif.org\/v\/freedom_line_blog\/?p=4188"},"modified":"2010-03-12T11:18:08","modified_gmt":"2010-03-12T16:18:08","slug":"221-billion-february-deficit-largest-ever-its-the-spending-stupid","status":"publish","type":"post","link":"https:\/\/cfif.org\/v\/freedom_line_blog\/4188\/221-billion-february-deficit-largest-ever-its-the-spending-stupid\/","title":{"rendered":"$221 Billion February Deficit Largest Ever &#8211; It&#8217;s the SPENDING, Stupid"},"content":{"rendered":"<p>How much longer will Obama&#8217;s escalating deficits still be blamed on Bush?<\/p>\n<p>This week, the Treasury Department reported a <a href=\"http:\/\/www.foxbusiness.com\/story\/markets\/industries\/finance\/posts-feb-budget-deficit--billion\/\" target=\"_blank\">$221 billion monthly deficit<\/a> for February 2010, the largest ever.\u00a0 This compares to a $194 billion deficit for February 2009, and the year-to-date 2010 deficit has now reached $652 billion, also an all-time high.\u00a0 Consequently, the projected 2010 annual deficit now appears likely to exceed last year&#8217;s $1.4 trillion dollar record.<\/p>\n<p>Obama continues to blame his budgetary irresponsibility on Bush, but at least when Bush was President we counted the deficit in billions, not trillions.\u00a0 Further, the Treasury Department data points to the true culprit:\u00a0 spending for February 2010 increased some 17% over February 2009 spending, to $328 billion.\u00a0 That&#8217;s certainly not Bush&#8217;s spending.<\/p>\n<p>To paraphrase the <a href=\"http:\/\/www.cafepress.com\/+please_dont_tell_obama_bumper_sticker,389831194\" target=\"_blank\">increasingly-popular bumper sticker<\/a>, please don&#8217;t tell Obama what comes after &#8220;trillion.&#8221;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>How much longer will Obama&#8217;s escalating deficits still be blamed on Bush? This week, the Treasury Department reported a $221 billion monthly deficit for February 2010, the largest ever.\u00a0 This compares to a $194 billion deficit for February 2009, and the year-to-date 2010 deficit has now reached $652 billion, also an all-time high.\u00a0 Consequently, the [&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":[59,948,24,61],"class_list":["post-4188","post","type-post","status-publish","format-standard","hentry","category-posts","tag-deficit","tag-february-2010-deficit","tag-obama","tag-spending"],"_links":{"self":[{"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/posts\/4188","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=4188"}],"version-history":[{"count":1,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/posts\/4188\/revisions"}],"predecessor-version":[{"id":4191,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/posts\/4188\/revisions\/4191"}],"wp:attachment":[{"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/media?parent=4188"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/categories?post=4188"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/tags?post=4188"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}