That's right. In the first. three. months of 2012 the federal deficit is an astounding $454.2 billion dollars. That is higher than the annual deficits (caution, it's an excel file) in 2001, 2002, 2003, 2004, 2005, 2006, and 2007. And it is only $4 billion less than the entire deficit in 2008, the first budget written by the Congressional Democrats.
Obama: Winning the Future through financial destruction.