Unemployment Up, Deficit Growing

Cal Thomas

Unemployment Up, Deficit Growing

By now you have probably heard -- if the big media have chosen to tell you -- that unemployment jumped in February to 9.1 percent, according to Gallup. If you factor in those who have been looking for work but have given up and those who retired early after being let go from jobs, the actual unemployment number is much higher.

And then there's this: The federal government recorded its worst monthly deficit in history last month. That's according to a preliminary report from the Congressional Budget Office. The deficit this year is already more than half a trillion dollars.

The CBO figures indicate that despite efforts to cut spending, the government still borrowed 42 cents of every dollar it spent during the first five months of the current fiscal year.

This is the Obama economy, which was supposed to be better by now, but isn't. Remember that.

In Orlando, I'm Cal Thomas.

Publication date: March 12, 2012