Obama’s Rule #1 for when you find yourself in a hole: dig faster
Not to belabor a moot point, but how in the hell can Democrats sleep at night after all their pissing and moaning about the Bush deficits during the last election cycle? Conveniently reported on Good Friday while the markets were closed, we learn that those years of Bush deficits can now be referred to as “the good old days of fiscal restraint.”
WASHINGTON (AP) - The Treasury Department said Friday that the budget deficit increased by $192.3 billion in March, and is near $1 trillion just halfway through the budget year, as costs of the financial bailout and recession mount.
Last month’s deficit, a record for March, was significantly higher than the $150 billion that economists expected.
The deficit already totals $956.8 billion for the first six months of the budget year, also a record for that period. The Obama administration projects the deficit for the entire year will hit $1.75 trillion.
That March figure turned out to be 28% higher than what economists predicted. Applied to the Obama admi