It’s Your Children’s Money

From Holden:

The Treasury Deparment answers Helen Thomas’ question from today’s gaggle (below).

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.

[snip]

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.

So far through the first six months of this budget year, which began in October, the deficit totals $303 billion, an increase of 2.8 percent over the deficit in the first six months of the 2005 budget year.