President Obama offers deficit reductions of a woefully inadequate $400 billion over ten years as he continues his ”trillion-dollar deficits for years to come.” In this week’s edition of his, or rather “Your Weekly Address,” President Obama claims he is ”proposing a new budget that will help us live within our means”: My budget freezes annual domestic spending for the next five years – even on programs I | Read More »
There President Obama goes yet again — saying one thing while doing the opposite. After prodding by the White House, Congressional Democrats near a budget deal so Obama can have his spend too much, tax too much, borrow too much budget in place within his first 100 days. President Obama’s budget includes a $1.75 trillion deficit so he can spend nearly $4 trillion in fiscal | Read More »
With his debt-busting budget which contains a $trillion tax increase, President Obama plans to have the Federal government spend 25 percent of the entire U.S. economy – one out of every four dollars produced in the U.S. Obama’s massive spending plan puts the Democrat-controlled Congress on track to double the national debt by 2010 – to $17.6 trillion, after just four years of controlling the | Read More »
President Obama’s national debt busting first budget projects a $1.75 trillion deficit so Obama can spend nearly $4 trillion in fiscal year 2010 and “creates space” for another $750 billion bank bailout. The White House will formally release Obama’s budget boondoggle overview at 11:00 a.m., but at FoxNews, Major Garrett provides a preview: Senior administration officials would not disclose a precise figure for the entire | Read More »
President-elect Obama predicts “trillion-dollar deficits for years to come.” “We’re already looking at a trillion-dollar budget deficit or close to a trillion-dollar budget deficit, and that potentially we’ve got trillion-dollar deficits for years to come, even with the economic recovery that we are working on at this point,” Obama said. The federal deficit was about $455 billion for fiscal year that ended on Sept. 30, | Read More »
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