More than 50% of spending comes from deficit spending

I guess this has happened last year, but this is a horrible sign:

Wednesday's monthly Treasury statement said U.S. government revenues in July totaled $155.55 billion, compared with $151.48 billion in July 2009.

Spending was higher, totaling $320.59 billion. July 2009 spending amounted to $332.16 billion.
--WSJ.com

So taxes cover only 48.5% of spending, for July at least.