Thanks, Obama! Government Posts Biggest Monthly Deficit in History; Future Generations Indebted As Far as the Eye Can See…
The federal government posted its largest monthly deficit in history in February at $223 billion, according to preliminary numbers the Congressional Budget Office released Monday morning.
That figure tops last February’s record of $220.9 billion, and marks the 29th straight month the government has run in the red — a modern record.
The last time the federal government posted even a monthly surplus was September 2008, just before the financial collapse.