Federal budget deficit hits record

WASHINGTON – The federal government began the new budget year with a record deficit of $237.2 billion, reflecting the billions of dollars the government has started to pay out to rescue the financial system.

The Treasury Department says the deficit for the first month in the new budget year was the highest monthly imbalance on record. It was more than four times larger than the October 2007 deficit of $56.8 billion.

The big surge reflected the government spending $115 billion to buy stock in the nation’s largest banks. Those were the first payments made from the $700 billion government rescue program passed by Congress to deal with the most severe financial crisis to hit the country since the 1930s.

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Federal budget deficit hits record

I am going to preface this by saying: I am NOT a Republican nor a Democrat, I am an Independent Conservative.

This nation is in a mess, and I place the blame squarely on George W. Bush, he is, after all, the guy in charge, and as Truman said, “The buck stops here”.

It has happened under his watch, he encouraged the Wall Street bailout, many RINOs supported that bailout, Cornyn and Hutchison from Texas immediately come to mind.

Nearly ALL the Dems in the senate supported it, including Obama, I am NOT pointing at any individual, I am pointing at ALL of them, our elected officials that have taken this nation into a state of Socialism and *We, the People* are paying for it!

Until the voters of this nation stand up to the FREE SPENDING, give it all away politicos in D.C. and force this nation back into a position of fiscal responsibility, and serious conservatism, this is ALL we can expect, from the current and all future administrations.

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