In February 2009, the White House claimed that the federal deficit would be cut in half by the end of Obama's first(and only) term. Not only will he fall well short of that, it's quite obvious that he was blatantly lying when he said it. http://gma.yahoo.com/obamas-broken-deficit-promise-175014250--abc-news.html
I am NOT a Republican...I detest both parties. But this above fact needs to be stated again and again and again until every American voter is aware what a macro incompetent IDIOT this guy is..or what a huge liar he is...or both.
Show me a video where Bush said a similar thing and I will condemn him as well. These kind of broken promises and absolutely PATHETIC fiscal irresponsibility is borderline criminal to me.
All "the one" needs to do is show some outlandish "revenue projections" from tax increases and he can play games and claim whatever he wishes. it's like we're going to create xxx jobs..............errrrr, we going to save or create jobs,,,,,,,yeh, that's it
possum wonderin', don't bein' financially responsible s'posed to include gettin' the numbers right to begin with?... White House Underestimated 2012 Deficit by $769.5B--or 138 Percent February 13, 2012 - President Barack Obama released a budget today that estimates the federal deficit will drop to $901.4 billion in fiscal 2013, resulting in the first federal deficit of less than $1 trillion since Obama was elected in 2008. It also predicts the federal deficit will decline sharply in fiscal 2014, dropping all the way to $667.8 billion. See also: Debt Has Climbed $4.47T Since Obama Released First Budget—Calling for ‘A New Era of Responsibility’ February 13, 2012 - The federal debt has increased by $4.47 trillion since President Barack Obama released his first federal budget on Feb. 26, 2009.
He just submitted his budget, it makes it worse. He said if he didn't turn it around in 3 years he should not be reelected. He had his three years. Time to oblige him. He has been the worst President economic wise in our history. Today's WSJ Four years of spending of more than 24% of GDP, the four highest spending years since 1946. In the current fiscal year of 2012, despite talk of austerity, Mr. Obama predicts spending will increase by $193 billion to $3.8 trillion, or 24.3% of GDP. ............the unprecedented four-year blowout. Another deficit of $1.327 trillion in 2012, also an increase from 2011, and making four years in a row above $1.29 trillion. The last time that happened? Never. Revenues at historic lows because of the mediocre recovery and temporary tax cuts that are deadweight revenue losses because they do so little for economic growth. The White House budget office estimates that for the fourth year in a row revenues won't reach 16% of GDP. The last time they were below 16% for any year was 1950. All of this has added as astonishing $5 trillion in debt in a single Presidential term. National debt held by the publicthe kind you have to pay backwill hit 74.2% this year and keep rising to 77.4% next year.
