More good news ....... for Republicans.

WASHINGTON - The federal government ran a deficit in April for the first time in 26 years, pushing the red ink so far this budget year to a record $802.3 billion.

The Treasury Department said Tuesday the deficit for April was $20.9 billion, a sharp contrast from the surplus of $159.3 billion in the same month last year. It also was slightly more than the $20 billion deficit economists had expected.

For the budget year that began Oct. 1, the imbalance totals $802.3 billion, keeping the country on track to register the first $1 trillion annual deficit in U.S. history. And the Obama administration made an accounting change on bailout payments or the deficit already would have been at nearly $1 trillion.

The government normally runs surpluses in April as Treasury's coffers swell with people paying their annual tax bills by the April 15 deadline. But the deficit is being driven higher by the billions of dollars being spent to rescue the financial system from its worst crisis since the 1930s and deal with the worst recession in decades.

http://www.msnbc.msn.com/id/30706398/

But Obama inherited all of that from Bush, .......... right.



.

The US Government run by DEMOCRATS and now lead by a DEMOCRAT now has to borrow 50 cents for every dollar it spends. Not that REPUBLICANS did any better, because they didn't.

And people think I'm ignorant because I supported Ron Paul.

Cato