According to the Treasury monthly report, in February the federal government recorded a deficit of $220.9 billion. It is the highest in history (it isn’t in real terms) and the first time ever it has climbed above $200 billion.
For the entire fiscal year, CBO projects the government will run a deficit of $1.36 trillion, just below the $1.41 trillion deficit incurred last year. However, if the president’s policies are enacted, the deficit will be $1.5 trillion.
If that’s the new era of responsibility that the president is talking about, I would like my money back.