"Obama's budget projects that this deficit will be cut in half by 2013. But in last year's budget, Obama projected that this year's deficit would be $1.227 trillion, more than $400 billion less than Obama says it will be today.And Obama promises, before the ink has even been applied, to veto the proposed GOP budget that makes a modest start on cutting Federal spending. Centrist, my ass.
[H]is actual deficit for this year of $1.645 trillion is again the highest in world history! The deficit for 2008, by the way, was $458 billion.
Even with these tax increases and phantom budget savings, the national debt held by the public will soar to $19 trillion by 2021, more than triple that national debt total of $5.8 trillion in 2008"
Wednesday, February 16, 2011
Federal Budget Follies
Once again Peter Ferrara does yeoman's work in shredding Obama's pretenses, this time on the ludicrous budget.