Government Spending Hit ALL-TIME HIGH In March

[kpete]

Government Spending Hits Record in March By MARTIN CRUTSINGER, AP Economics Writer
Wed Apr 12, 6:08 PM ET

WASHINGTON - Government spending hit an all-time high for a single month in March, pushing the budget deficit up significantly from the red-ink level of a year ago.

In its monthly accounting of the government's books, the Treasury Department reported Wednesday that federal spending totaled $250 billion last month, up 13.7 percent from March 2005.

Government receipts also were up, rising 10.6 percent from a year ago, to $164.6 billion. That left a deficit for the month of $85.5 billion, a record imbalance for March.

Treasury Department officials said that half of the growth in outlays for March represented a $15 billion shift in payments for certain government benefit programs, including Medicare, into March rather than April. The benefit payments were made early because April 1 fell on a Saturday.

The March outlay record of $250 billion surpassed the old mark of $232 billion set in February.

Even though the deficit was a record for March, it was below the all-time monthly high of $119.2 billion, which was set in February.

http://news.yahoo.com/s/ap/20060412/ap_on_go_ot/monthly_budget_3

[BOSSHOG]

1. Those damn tax and spend liberals

Its truly amazing what a minority party can get away with. Such a shame they are overriding the fiscal sanity and scrupulous spending habits of the grand old party. And no doubt, President Clinton has had a hand in this mess, five years after he left office. As we all know, republicans aren't responsible for anything.

[Lasher]

2. But if you look at government spending as a percentage of GDP...

No, wait. That doesn't work either. :rofl: