Tuesday, March 8, 2011

Not Even a Leap Year Could Make This Look Good

Remember the days when a several hundred billion dollars would be the deficit for an entire year? Now that's the deficit for a single month -- and the shortest month of the year at that:

The federal government posted its largest monthly deficit in history in February, a $223 billion shortfall that put a sharp point on the current fight on Capitol Hill about how deeply to cut this year’s spending.
I'd love to say that's the single most depressing thing I've read in a very long time. Unfortunately, the idea that cutting only $61 billion -- not even a third of our deficit for the shortest month of the year -- from our roughly $3.7 trillion federal budget is somehow "ideological, extremist, [and] reckless" clearly tops the quote above.

I'd also love to say that February's deficit, like the movie Kick-Ass, makes me feel like a geezer. After all, I can remember the days when the February numbers actually would have been the deficit for an entire year. You know, the days before "hope" and "change." Only those days weren't that long ago.

They just feel that way.