March 10th, 2010
02:43 PM ET
5 years ago

Record monthly deficit for U.S.: $221 billion

New York (CNNMoney.com) - The United States dropped a record $220.9 billion further into the red in February, the Treasury Department reported Wednesday.

The shortfall was up from the previous record $193.9 billion shortfall in February last year.

It's the 17th straight month that the U.S. government has posted deficits. The last time the government posted a monthly surplus was in September 2008, when the government reduced the deficit by $45.7 billion.

The cumulative deficit for fiscal 2010, which started in October, reached $651.6 billion, up from $589.8 billion in the same period the year before. The Obama administration is forecasting that the deficit will hit $1.56 trillion this year.

Full story


Filed under: Budget
soundoff (40 Responses)
  1. Read the constitution

    THANKS BARACK! Now you want to spend 10 trillion on health care...which will really cost double that. How can anyone support this fraud of a president. And don't say Bush did it to. Yes, he did. He was wrong on that.......and Barack over tripled his debt! TRIPLED.

    March 10, 2010 02:44 pm at 2:44 pm |
  2. Aunt Bea and Opie

    Thats just chump change to all the money the pentagon is hiding.hahaha

    March 10, 2010 02:54 pm at 2:54 pm |
  3. Wake Up

    Who's going to pay this debt? This is the highest debt vs GDP in American history...and what does King Obama want to do?? Spend more!!

    What a disgusting 15 months of a presidency. Is it 2012 yet?

    March 10, 2010 03:03 pm at 3:03 pm |
  4. Liberalism is a Mental Disorder

    BHO's grand plan at its finest....this man will bankrupt this country unless we put a stop to this by voting out this out of control congress in 2010 and BHO in 2012...2012 can't come soon enough!

    March 10, 2010 03:04 pm at 3:04 pm |
  5. susie

    Everyone is after the insurance companies but what about the hospitals who charge $1.00 for a pill? They are outrageous too

    March 10, 2010 03:24 pm at 3:24 pm |
  6. A True Centrist

    The Obama administration, by their own estimates, have forecasted an increase to our federal deficit of $8 trillion over the next 10 years. The CBO put the figure closer to $10 trillion.

    Question for all of you: Can you imagine trying to submit a department forecast to your boss that was 10 times over the budget set for you? You would be 1) screamed at, 2) ridiculed , 3) fired. Yet, year after year, the past two administrations have submitted these ridiculous forecasts and propose even more spending. The best word for it I guess is irresponsible. The Obama administration should be fired, just like the Bush administration should have been fired well before their official term was up.

    March 10, 2010 03:26 pm at 3:26 pm |
  7. stop the nonsense

    17 months- are all the Obama haters STILL going toblame him for a problem that started with the last administration?
    If you have ever workded for a company that has gone broke you know it didn'd start on Tuesday and end on Friday- the signs were there for months , even years in advance. Where was the Bush administration and Congress on this?

    March 10, 2010 03:29 pm at 3:29 pm |
  8. SLM

    And yet they continue to spend, spend and spend some more. Please stop this out of control spending, they certainly didn't "inherit" this, they created it and are sinking us into bankruptcy.

    March 10, 2010 03:31 pm at 3:31 pm |
  9. Term Limits

    Wait until we add health care expenses on to it. I know it will be after Obama's 2012 re-election campaign, but its coming.

    So the CBOT calls it spending neutral or actually a money saver on health care... These estimates (depending on the bill) counts twice as many years of tax collection as the expense of the program (taxes kick in years before the health care program does.) How many years will it be until costs out pace tax collection? My count is 2. Then everyone will pay higher taxes (and premiums).

    March 10, 2010 03:31 pm at 3:31 pm |
  10. Iamalyingcorruptliberalandobamaman

    Is anyone amazed that the Obozo administration has never not had a deficit? Red is the color of everything about the sleaseballs. How much of that money went to suport the corrupt unions that voted this obamation in to its corrupt power.

    March 10, 2010 03:35 pm at 3:35 pm |
  11. Henry Miller, Libertarian

    With an utterly irresponsible batch of spendthrift Democrats running the government, this is hardly a surprise.

    Bush and the neo-cons weren't good with money, but Obama and the far left are an absolute disaster, and they're going to ruin the US economy, ruin the value of the dollar, and destroy through inflation the savings of every American.

    Retirement? Forget it. Inflation will destroy the value of everything you've ever saved, and Social Security is going bankrupt–you may get something out of your decades of paying Social Security taxes, but it won't even come close to being enough to live on.

    With the dollar crumbling, the price of foreign imports will go through the roof–and that includes the price of gasoline. Forget vacations, forget travel–you won't be able to afford the gas for your car and with the price of airline tickets depending a lot on the price of jet fuel, you won't be able to afford to fly.

    You may not like Republicans–I don't, much, not since they started paying more attention to their bibles than to the US Constitution–but they may be the only way to save the country from financial disaster.

    March 10, 2010 03:41 pm at 3:41 pm |
  12. Obama Victim

    only 220 billion.....?? heck, let's pass this health care bill..only 220?? we can do better than that..no reason why we can't tget that up to 400/500 billion....you go Obozo...go

    March 10, 2010 03:42 pm at 3:42 pm |
  13. terry,va.

    Keep piling on the debt. Who cares? Give me Obummie dollars. hail to the welfare in chief!!!!

    March 10, 2010 03:44 pm at 3:44 pm |
  14. Stacie

    Hmmmm....17 months ago was.....

    March 10, 2010 03:44 pm at 3:44 pm |
  15. pat NY

    "Defecits don't matter" – Ronald Reagan

    March 10, 2010 03:46 pm at 3:46 pm |
  16. Obama the Arrogant Liar

    No problem, just print more of that 'obama' money. It's been working for over a year now.

    March 10, 2010 03:47 pm at 3:47 pm |
  17. Laura, Boston

    Imagine that..the last time a surplus was applied to the deficit was under George W...I bet you don't hear Obama say anything about that...only the bad things about the former administration every seem to get mentioned...why is that???

    March 10, 2010 03:47 pm at 3:47 pm |
  18. Daniel

    @stop the nonsense, are you out of your mind? This moron is spending like it's going out of style. It's almost like you libtards blame Bush for all these problems yet you cheer when Obama and the thugs in Congress spend more and more. It doesn't make sense

    And for you ignorant liberals, Congress was controlled by the Dems since 2007. It really is hard trying to read your comments without just shaking my head and thinking your mother might have been eating lead paint chips while pregnant with you.

    March 10, 2010 03:48 pm at 3:48 pm |
  19. aware

    Mr. Obama is no longer a questian mark. We have seen a self-described transformative president precipitate a downward spiral of narcissistic arrogance demonstrated in ever increasing propaganda and controlling regulation masquerading as "healthy community" that is actually a tyrannical ideology of the "collective" enforced by demagoguery. :(

    March 10, 2010 03:50 pm at 3:50 pm |
  20. Kevin

    So just in the top few comments, Obama's administration has been 15 months long and 17 months long, and yet people get mad at the president for his math...interesting. Can we leave Iraq and Afghanistan yet? Maybe invent something like we used to? Nah, lets leave that to the other countries like China, Japan, and Korea. Good idea. Let me know how that works out for you.

    March 10, 2010 03:52 pm at 3:52 pm |
  21. SLM

    Well will you Obama lovers wake up and realize you voted in this naive, weak leader who doesn't have a clue how to run this country. The mess he is creating is NOT Bush's fault. When you have no solutions you blame, blame and blame so more, just like Obama. Anyone would have done a better job than this disaster in Chief. You don't spend your way out a recession, maybe someone should clue Obama in on that.

    March 10, 2010 03:53 pm at 3:53 pm |
  22. Angus McDugan

    This is peanuts compared to where Obama is taking us. She's starting to shimmy... She's starting to shake... She's going down if we follow Obama!

    March 10, 2010 03:53 pm at 3:53 pm |
  23. Four and The Door

    stop the nonsense March 10th, 2010 3:29 pm ET
    17 months- are all the Obama haters STILL going toblame him for a problem that started with the last administration?
    _____________________________________________________
    "The United.States dropped a record $220.9 billion further into the red in February.." This will be good... How do you blame the last administration for a record deficit in February 2010?!?!

    March 10, 2010 03:59 pm at 3:59 pm |
  24. Wayne

    C'mon people. Let's see if we can make it $500 billion by 2020!

    March 10, 2010 04:02 pm at 4:02 pm |
  25. How To Bankrupt America-Put A Dem On It

    Nobama is spending money like a drunk sailor on a credit card and is getting zero results.Now wants to finish us off with the healthcare bill's cost.Add 31 million @ no cost-right

    March 10, 2010 04:02 pm at 4:02 pm |
1 2