For both of the alleged fiscal conservatives left in the GOP, another own goal from the Bush administration:
The federal deficit through the first half of this budget year is at an all-time high, underscoring the pressure the budget is coming under as the overall economy slumps.
The Treasury Department reported Thursday that the deficit through the first six months of the budget year totaled $311.4 billion, up 20.5 percent from the same period a year ago. That was the largest deficit for the first half of a budget year on record, surpassing the old six-month mark of $302 billion set in 2006.
The Bush administration, when it sent its budget proposal to Congress in February, estimated that the deficit for the whole year will total $410 billion, putting it very close to the all-time high in dollar terms of $413 billion.
By comparison, when
THE GIANT THROBBING PENIS THAT THREATENED TO FUCK EVERYTHING IN DC Bill Clinton left office, we had a 236 billion dollar surplus. The projected deficit for 2008 was 396 billion, and we almost have that halfway through the year.
Something else to keep in mind when you hear Republicans running for re-election in November babble about fiscal conservatism. But don’t you dare say Bush has been a disaster- then you just hate America.