Tuesday, February 15, 2011

Red Ink Since Dems Took Over Congress Greater Than All Previous Deficits Combined

Noel Sheppard writes:

The 2011 budget shortfall, which is the responsibility of the previous Congress, is now projected to be $1.65 trillion.

If accurate, this means that since the Democrats took over Congress in 2007, we have posted over $5 trillion in deficits.

For the record, that's more combined non-inflation-adjusted red ink than the United States of America had created in all of the years of its existence prior to that point.

In just four years, the Democrats recorded combined deficits greater than what had been posted in the prior 220.

Full article at: http://newsbusters.org/blogs/noel-sheppard/2011/02/14/red-ink-dems-took-over-congress-greater-all-previous-deficits-combine#ixzz1E6QwGUg5