Democrats Rack Up Another $180.68 Billion Deficit in July

Mmm, this change tastes great, huh? Hey, while we're at it, why don't we just hand over another 20% of the economy to Obama and his merry band of socialists? Then maybe we can start racking up trillion-dollar monthly deficits before the whole economy simply collapses?

The federal government spent more than it pocketed a 10th straight month during July, nearing a record last set in 1992 for a string of deficits.

Burdened by Wall Street bailout costs and shriveled corporate profits, the government was $180.68 billion in the red during July, the Treasury Department said Wednesday in its monthly budget statement. July 2008's federal budget deficit was $102.77 billion.

Bush was a reckless spender, but now they're in hock by another $78 billion for July as opposed to last year.

Startling. Of course people casually like to overlook the facts the Democrats controlled both houses of Congress.

But wait, it gets worse.

The deficit record for any month is $193.86 billion, in February this year.

For the first 10 months of fiscal 2009, the deficit widened to $1.267 trillion, more than triple the $388.62 billion for the first 10 months of fiscal 2008.

Fiscal years start Oct. 1. The White House has predicted the deficit will total $1.841 trillion this fiscal year. The biggest deficit for any fiscal year on record is $454.8 billion, rung up in fiscal 2008.

Wall Street was on target predicting the July 2009 deficit. A survey of economists by Dow Jones Newswires forecast $180 billion.

The string of 10 monthly deficits isn't a record. There have been 11 in a row three times, the last time being May 1991 through March 1992.

July 2009 federal government spending totaled $332.18 billion, compared with $263.26 billion in July 2008.

Year-to-date federal-government spending totaled $3.01 trillion, compared with $2.48 trillion in the first 10 months of fiscal 2008.

Is it any wonder Dear Leader is now disapproved by a majority?

By any objective analysis this is a fiscal calamity and if Republicans were overseeing such a boondoggle I wouldn't be hesitant to criticize them for it.

Will the media be so eager to note this road to ruin?