Is anyone actually surprised that we would today be looking back at last month as the largest monthly deficit in history? Update: The deficit for February 2011 alone greater than the deficit for all of 2007! Per the Washington Times:

The federal government posted its largest monthly deficit in history in February at $223 billion, according to preliminary numbers the Congressional Budget Office released Monday morning.

That figure tops last February’s record of $220.9 billion, and marks the 29th straight month the government has run in the red — a modern record. The last time the federal government posted even a monthly surplus was September 2008, just before the financial collapse.

But that isn’t the scary part. What should concern you is that neither the Republicans or the Democrats take it seriously.

Last month’s federal deficit is nearly four times as large as the spending cuts House Republicans have passed in their spending bill, and is more than 30 times the size of Senate Democrats’ opening bid of $6 billion.

You may say the Republicans take it more seriously than the Democrats. As for me, I would prefer no death versus death by 1,000 compared with death by 10,000 cuts. Or put better, I’d prefer to not be ruled China rather than partially or completely ruled by China. The time has come to make serious and dramatic cuts. This is out of control, as someone might have mentioned a couple of days ago!