They can’t blame all of this one on Bush. According to Reuters the U.S. Treasury Department has announced a March 2009 deficit of $192.3 billion dollars.That’s right. The Obama Administration overspent almost a fifth of a trillion dollars in one month: The Treasury Department today reported a $192.3 bln deficit for March, the sixth consecutive monthly deficit and the largest on record for the month of March. Economists were expecting a deficit of $150 bln.Outlays totaled $321.2 bln, a record for the month of March even though approximately $15 bln in last month's benefit payments were added to February's deficit because of a calendar shift. Receipts in March totaled $129 bln, down 52.6% from the same month in FY 2008.The deficit for the first six months of the fiscal year 2009 totaled a record $956.8 bln. Outlays in the FYTD 2009 totaled a record $1.95 trln, while revenues totaled $990 bln.Approximately $2.9 bln in March outlays were related to Treasury's Troubled Asset...(Read Full Post)