“ … if Congress adopts this budget, then along with the cuts that we’ve already made, we’ll be able to reduce our deficit by $4 trillion by the year 2022 — $4 trillion.”
Obama - 11:12 A.M. EST, Mon. Feb. 13, 2012. At Northern Virginia Community College in Annandale, VA
The facts:
“Federal debt held by the public would increase from $10.1 trillion (68 percent of GDP) at the end of 2011 to $15.2 trillion (77 percent of GDP) at the end of 2017 and then to $18.8 trillion (76 percent of GDP) at the end of 2022.”
Congressional Budget Office - March Report - "An Analysis of the President's 2013 Budget"
IBD Article: CBO Exposes Obama's $2 Tril Budget Sleight of Hand
Federal Spending: If you want to know why Washington can't get spending under control, this week provided a prime example, when the Congressional Budget Office said President Obama's "budget-cutting" plan would actually boost spending $1 trillion.
Read more …Who are you going to vote for in the coming elections?
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