It would seem that the federal government has achieved another history-breaking record. For February 2011 the federal government posted the largest monthly deficit in the entire history of the United States. Indeed, this $223 Billion deficit for the month of February alone dwarfs the $161 Billion deficit that the government posted for the ENTIRE YEAR in 2007. In other words, Barack Obama's government is running up larger deficits in one MONTH than the government posted in an entire YEAR only a few short years ago.
Meanwhile, Democrats in congress are screaming about the Republican's still-anemic attempts to cut the deficit for this current year's budget. According to the Washington times, "a top Senate Democrat said his party can accept no more than $6 billion in domestic cuts." We just posted $223 Billion in deficit spending last month alone, and the Democrats claim that the most they can cut in spending for the remainder of the fiscal year is $6 Billion dollars! They truly are clueless as to the peril our economy and indeed our nation is in with this unsustainable spending.
March 18th will be the next vote over the continuing resolution to try and fund the government for the remainder of the year. Currently the Democrats are threatening to reject the House GOP plan to cut $57 billion in spending for the rest of this fiscal year. They say those cuts are too much. Instead of being serious about the need to cut all but the most vital CONSTITUTIONALLY authorized governmental functions, President Obama put forth a budget that was full of additional spending that we simply do not have the money for right now. As he stated in his State of the Union Speech, he wants to spend our taxpayer dollars to fund such extra unnecessary items like high speed rail despite the fact that a vast majority of Americans don't want it and won't use it.
Further, if union agitators succeed in bullying governors like Scott Walker and John Kasich and do manage to impose their statist agenda at any price so that tax payers will continue to have to fund public union pensions and health care to degrees that exceed those of even private employers, then we are bound to collapse under the weight of our own fiscal malfeasance very soon. Things are quickly coming to a head. The Republicans in congress absolutely must hold the line and insist that their cuts be implemented.
Those cuts alone are pathetically impotent when it comes to the monthly deficits we are now seeing and indeed they need to be even bolder in the GOP's plans to balance our budget. Unfortunately, when you have Democrats that seemingly don't even acknowledge that we are in a dire situation and refuse to even exceed $6 Billion in cuts for the remainder of this year, it will make the battle an exceptionally difficult one. Take note which Democrats (or Republicans for that matter) are not taking this seriously, send them an email or call, and make damned sure to vote them out of office come November 2012, assuming we still have a functioning government and nation by then.