Is it sustainable?

If you thought last year’s record spending by Obama and Congressional democrats was unprecedented, prepare for  an eye opener.  This year the Feds will have to apologize for insulting the spending of drunken sailors.  Drunken sailors are pikers in comparison.  Take a look at this story from AP.

The government ran up the largest monthly deficit in history in February, keeping the flood of red ink on track to top last year’s record for the full year.

The Treasury Department said Wednesday that the February deficit totaled $220.9 billion, 14 percent higher than the previous record set in February of last year.

The deficit through the first five months of this budget year totals $651.6 billion, 10.5 percent higher than a year ago.

The Obama administration is projecting that the deficit for the 2010 budget year will hit an all-time high of $1.56 trillion, surpassing last year’s $1.4 trillion total. The administration is forecasting that the deficit will remain above $1 trillion in 2011, giving the country thrree straight years of $1 trillion-plus deficits.

This level of spending is disastrous and threatens our economy and has to frighten our trading partners.