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Blog: Deficit Spending Reaching New Limits


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Just in: the U.S. government ran a budget deficit of $165 billion in the month of July. By comparison, the deficit for all of fiscal 2007 was $160 billion. Let that sink in for a moment. President Obama and the Democrats are racking up more debt in a month than the Bush administration did in an entire year. Even in the two years after 9/11, when the economy took a major hit, the deficit never exceeded $400 billion. In fact, it was only about $150 billion in 2002.

Can there be any doubt as to the economically destructive policies of the Obama administration and the Democrat congress? We need to change these policies that are destroying our kids' futures, and soon.

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