Friday, March 12, 2010

Record deficits

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.

So far, all the Washington talk about deficit cutting is . . . talk.

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