Deficit Record... a Comparison

From the Wall Street Journal this excerpt from 2007:

"The Congressional Budget Office estimated Friday that the U.S. federal budget deficit for fiscal year 2007, which ended Sunday, was about $161 billion, or 1.2% of gross domestic product. That’s down from the $248 billion shortfall recorded in fiscal 2006, which translated into 1.9% of GDP. The Treasury Department will report the official tally later this month."

Hmmmmm Bush had HORRIBLE DEFICITS. Oh.. I know they got worse during the financial problems of the last years... BUT... wait...

Now today's headline... wait for it... from the Washington Times TODAY

Government posts biggest monthly deficit ever

(nice headline.... just how big is this month's deficit???)

"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."

Hmmm wait.. does that say that the deficit for the MONTH is 223 billion??? And that there was a monthly surplus in sept 2008... and wait.. the YEARLY deficit for 2007 was... wait.. hm.. how much? Oh yeah 161 billion. 

To recap: Obama's deficit THIS MONTH is the highest on record.. higher in THIS ONE MONTH than many of Bush's annual deficits.

But let's cut Obama some slack.. Bush did have a bigger deficit his last year in office after the collapse. An annual deficit of 808 billion.. 200 of that was TARP.. most of which has been REPAID. That WAS an awful year.. but when you consider 808 billion for a YEAR to 223 billion for a MONTH.. DURING the "RECOVERY" one has to wonder.... just when will Obama and the nation really face the music.