Remember the 'Fiscally Responsible' party? The party of NO!

Until THEY get the purse strings, then LOOK OUT!

U.S. budget deficit jumped to $215.2 billion

The Treasury Department says the February number is 12.1 percent higher than a year ago

By Martin Crutsinger
The Associated Press

WASHINGTON» The federal government recorded a budget deficit of $215.2 billion in February, up significantly from a year ago as the impact of the GOP tax cuts passed in December begins to surface.

The Treasury Department said Monday that the February deficit was 12.1 percent higher than a year ago, reflecting in part a drop of $5 billion in individual withholding taxes paid last month compared to a year ago. In February, employers started using tax tables that withheld less from paychecks based on the new law.

 President Donald Trump’s new budget projects this year’s deficit will hit $873 billion, up a sharp 31.3 percent.

This follows seven years of decreasing deficits under the Obama administration.