Barack Obama lectured (fellow) socialist Prime Minister Jose Luis Zapatero of Spain today on reining in the country’s debt. This comes from the same man who just tripled the US national deficit in less than one year. Unbelievable.
The federal budget deficit hit an all-time high for the month of April as government revenue fell sharply.
The Treasury Department said Wednesday the April deficit soared to $82.7 billion, the largest imbalance for that month on record. That was significantly higher than last year's April deficit of $20 billion and above the $30 billion deficit private economists had anticipated.
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