Federal Deficit Hits All-Time High, Moving Higher

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The federal deficit has hit an all-time high with signs of slowing down.

That is bad news for the White House as it tries to get health care reform passed in Congress.

New numbers show the highest federal deficit ever -- $1.27 trillion -- that plus the debate over health care reform has packed out town hall meetings across the country.

"Social security is bankrupt. Medicare is bankrupt. The Post Office is bankrupt. How am I as a proud American going to trust you people to do the right thing," one attendee told a lawmaker at a recent town hall meeting.

"I want government to stay out of my doctor's office," said Jill Martinole-Monroe. "I want government to stay as far out of my life as i can get them."

The latest Rasmussen Poll shows a steady slide in support for health care reform with just 42 percent now favoring the plan. Fifty-three percent indicated they are against it.

Another poll shows 57 percent of Americans do not want health care reform if it means an increase in the federal deficit. In the most recent ABC News/Washington Post poll, 49 percent disapprove of the president's handling of the deficit.

The Obama administration is projecting that when the current budget year ends on September 30, the imbalance will total $1.84 trillion, more than four times last year's record-high.

Meanwhile, more protests are planned as the president takes his health care town hall tour to Montana on Friday.

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Charlene  Aaron

Charlene Aaron

CBN News Reporter

Charlene Aaron serves as a general assignment reporter and helps anchor for the CBN News Channel.  Follow her on Twitter @CharNews and "like" her at Facebook.com/CharleneIsraelCBNNews.