Speaking of the federal deficit, latest figures out before any healthcare legislation reveal that in the first two months of its first full fiscal year in office, the Obama administration spent $292 billion more than it took in.
That's $11 billion worse than the deficit in the last two months of the previous demon administration with eight years of failed policies headed by you-know-who.
That works out to $4.78 billion of spending in the hole for each of the 61 days in that period. Looks like Washington might be learning the wrong lessons from its close association with American automakers.
But that was all "stimulus" that saved what could be billions (maybe trillions) of imaginary jobs. The idea that we go $4.78 billion in the hole every day is crazy. That is equal to 4 entire NFL franchises per day. I hope the Red Chinese don't send us a margin call.
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