The Corner

It Must Be Friday Afternoon

Because the Obama administration is making another unfortunate announcement:

The U.S budget deficit for fiscal year 2011 is $1.299 trillion, the second largest shortfall in history.

The nation only ran a larger deficit for the 2009 fiscal year, which included the dramatic collapse of financial markets and a huge bailout effort by the government. The nation’s deficit that year was $1.412 trillion.

This year’s deficit is slightly higher than fiscal year 2010, when the nation ran a $1.293 trillion deficit. Fiscal years run through Sept. 30.

More here.

Andrew StilesAndrew Stiles is a political reporter for National Review Online. He previously worked at the Washington Free Beacon, and was an intern at The Hill newspaper. Stiles is a 2009 ...

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