Barack Obama blames global warming and George Bush on losing his game of golf against Rush Limbaugh.
Unfortunately for the US, we have Barack Obama and our current Congress who've overspent the US budget into a freefall. Tax revenues decreased in April which posted another budget deficit. Here's the story from Reuters: U.S. posts 19th straight monthly budget deficit:
"The government has now posted 19 consecutive monthly budget deficits, the longest string of shortfalls on record."Let's see, the current Democrat Congress was put into power in 2006 and started its first session in 2007. That means that out of the past 38 months, Congress is now on a 19 month losing streak. If this were baseball, I'd say we needed to trade out some players and bring up others from the minors to fill in the weak spots. Let's start with Nancy Pelosi, who has guided this Congress into record-breaking deficit territory.
As a word of warning, the Reuter's article has this to say:
"White House budget director Peter Orszag told Reuters Insider in an interview on Wednesday that the United States must tackle its deficits quickly to avoid the kind of debt crisis that hit Greece."
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