Image 01

February 2010: Largest Monthly Budget Deficit in American History

March 10th, 2010 by AHFF Geoff

President Barack Obama's government has run up the largest budget deficit in American history in February of 2010

As shown in a little-noticed release from the Treasury Department today, the Obama Administration has run up the largest budget deficit in American history in February of 2010, a whopping total of $220.9 Billion in just one month.   February 2010’s unprecedented total is more than most year-long budget deficits in American history,  including 2007’s year-long total of $161 Billion. AP reports in this historic monthly deficit:
 

WASHINGTON (AP) — The government ran up the largest monthly deficit in history in February, keeping the flood of red ink on track to top last year’s record for the full year.

The Treasury Department said Wednesday that the February deficit totaled $220.9 billion, 14 percent higher than the previous record set in February of last year.

The deficit through the first five months of this budget year totals $651.6 billion, 10.5 percent higher than a year ago.

The Obama administration is projecting that the deficit for the 2010 budget year will hit an all-time high of $1.56 trillion, surpassing last year’s $1.4 trillion total. The administration is forecasting that the deficit will remain above $1 trillion in 2011, giving the country thrree straight years of $1 trillion-plus deficits.

The government’s monthly budget report showed the record $220.9 billion deficit for February reflected outlays of $328.4 billion and revenues of $107.5 billion. The February receipts marked the first time that revenues are up compared with the same month a year ago since April 2008. Revenues had fallen for 21 straight months as the recession cut into both individual and corporate income tax payments.

As President Obama and Congressional Democrats continue with their primary focus on passing Obamacare, considering the attendant increased government spending included therein, February 2010 may not have the record for largest monthly deficit in American history for very long.

Be Sociable, Share!

Technorati Tags: , , , , , , , , , , , , , , , , , , , ,

Tags: , , , , , , , , , , , , , , , , , , , ,

34 Responses to “February 2010: Largest Monthly Budget Deficit in American History”

  1. […] news via CentristNet. (Yes, I know personifying responsibility for the deficit in the president's hands alone is […]

  2. […] Obama Administration has run up the largest budget deficit in American history in February of 2010, a whopping total of $220.9 Billion in just one month.   February 2010’s […]

  3. Dr. Spank says:

    His campaign slogan should have been Hope, Change, Bankruptcy.

  4. I’m glad to see there is appreciation for these people that are recipients, these people have a major role in the operation

  5. […] February 2010: Largest Budget Deficit in American History … […]

  6. […] February 2010: Largest Budget Deficit in American History … […]

  7. […] Before that outrage was even digested we learned that the president spent so much of our money that he created the largest one month deficit in history  $220 billion IN ONE MONTH. […]

  8. I love reading and I am always searching for informative information like this! You are bookmarked!. . . . . .

  9. Thank you for taking the time to talk about  this, I feel  fervently  about it and I enjoy learning about this topic.  Please, as you gain data, please add to  this blog with more information.  I have found it extremely useful.

  10. Only want to say your article is as tonishing. The clearness in your post is simply spectacular and i can take for granted you are an expert on this field. Well with your permission allow me to grab your rss feed to keep up to date with succeeding post. Thanks a million and please keep up the ac complished work.

  11. 熱水器 says:

    I understand the 2concern;I am very z glad to hear that you got your Supra fixed; I remember reading about some of your doubts3x !.

  12. Magan Phang says:

    You made several nice points there. I did a search on the topic and found a good number of persons will consent with your blog.

  13. You made a number of fine points there. I did a search on the subject matter and found nearly all persons will have the same opinion with your blog.

  14. […] The federal government doesn’t have to. So it’s easy for Obama, who has the ability to run up record deficits to hire tens of thousands of new federal employees, to fault cash-strapped state […]

  15. […] straight years of Trillion Dollar Plus deficit spending with no end to the spending spree in sight. February 2010: Largest Budget Deficit in American History | CentristNet But of course last years February deficit was surpassed once again with a new one month RECORD. […]

  16. Many thanks for your post. I would like to write my opinion that the cost of car insurance will vary from one coverage to another, for the reason that there are so many different issues which contribute to the overall cost. One example is, the brand name of the car will have a tremendous bearing on the purchase price. A reliable older family motor vehicle will have a more affordable premium over a flashy performance car.

  17. Heal Yourself With Foods…

    […]February 2010: Largest Budget Deficit in American History | CentristNet[…]…

  18. E Marketing|Thương mại điện tử|Truyền Thông|Chứng khoán|CIO|CFO|CEO|Quản trị…

    […]February 2010: Largest Budget Deficit in American History | CentristNet[…]…

  19. Submit your wallpapers site or wallpapers script to wallpapers directory…

    […]February 2010: Largest Budget Deficit in American History | CentristNet[…]…

  20. quan tri web says:

    quan tri web…

    […]February 2010: Largest Budget Deficit in American History | CentristNet[…]…

  21. Ravinder Tulsiani (Family Budget Blog)…

    […]February 2010: Largest Budget Deficit in American History | CentristNet[…]…

  22. […] has run up the largest budget deficits in history; the Obama administration ran up more red ink in just one month (February 2010) than the Bush administration ran up in an entire year (all of 2007).In the 2008 […]

  23. Did anyone that here do any independent research at all? Are you not capable of looking at more than just articles that you find online or from some form of media? Do you think independently or are you a sheep that needs to be pointed in a direction and told what to think? Most of the economist that have been the public leader in giving us information have been wrong for years not just the last four years. The most consistent issue in this country is the lack of awareness and the desire to pretend you have knowledge by repeating whatever you hear from the media. Do your own real research. Look at numbers and patterns. Go back as far as the early part of the 80’s. Please! Please! Please think and analyze for yourself. Don’t be a clone-sheep.

  24. free hd porn says:

    free hd porn…

    […]February 2010: Largest Budget Deficit in American History | CentristNet[…]…

  25. […] has run up the largest budget deficits in history; the Obama administration ran up more red ink in just one month (February 2010) than the Bush administration ran up in an entire year (all of 2007). In the 2008 […]

  26. […] in some months than it used to be in entire years. “The Obama Administration” ran “up the largest” monthly “budget deficit in American history in February of 2010, a whopping total of $220.9 Billion in just one month. February 2010’s […]

  27. […] larger in some months than it used to be in entire years. “The Obama Administration” ran “up the largest” monthly “budget deficit in American history in February of 2010, a whopping total of $220.9 Billion in just one month. February 2010’s […]

  28. […] larger in some months than it used to be in entire years. “The Obama Administration” ran “up the largest” monthly “budget deficit in American history in February of 2010, a whopping total of $220.9 Billion in just one month. February 2010’s […]

  29. This allows the person to have the capability to look for a video file, music file, application file or every one of the above.

    There are a number of people that discuss using torrent to transfer data
    with a large number of people at once. The pure dispute is
    most hopefully that bunch of its users don’t truly know where to find.

  30. As an illustration, just in case you conduct a
    quest for anything precise within a filesharing method (including
    Limewire), youll observe numerous resources for some of your results.
    There are several people that mention using torrent to
    transfer data to your large number of people at once.
    The Bit – Torrent protocol basically permits people to upload and distribute parts of a file with the same time.

  31. pinterest says:

    In fact social networks have revolutionized our lives by incorporating all
    the basic elements of a person’s social life in one place.

    Unfortunately, it’s also introduced a host of ways to violate intellectual
    property laws. The more powerful the image, the more interest you will
    provoke in visitors to your profile which in turn will result in your profile attracting more followers.

    My page: pinterest

  32. In addition, the judge also sentenced on the newspaper deputy editor
    in chief of 3900 euros (about 40000 yuan),
    both authors reported 800 euros (about 9000 yuan).
    On the principle section in the search engine, searching for movie files, music files, as well as other types of files quickly
    from file sharing sites across the World Wide Web.

    DVD renting option is available, however, if you want to watch the movie frequently, you must rent it often.

  33. download songs|mp3 download|music download|youtube to mp3|songs download|download music|hollywood songs download|english songs download|download dindi songs|latest bollywood mp3|hindi mp3 songs|music album|soundtracks|movie mp3|bollywood mp3 songs|do…

    […]February 2010: Largest Budget Deficit in American History | CentristNet[…]

Leave a Reply