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February 13, 2012

Obama's Own Budget Doesn't Even Try To Match 2009 Promise of Cutting the Deficit In Half By 2013

And this is his own budget, his own wish-list, with no outside interference.

“This is big,” wrote White House director of new media Macon Phillips in a February 23, 2009 blog post, ”the President today promised that by the end of his first term, he will cut in half the massive federal deficit we’ve inherited. And we’ll do it in a new way: honestly and candidly.”

Indeed, President Obama did make that promise that day, saying, “today I’m pledging to cut the deficit we inherited in half by the end of my first term in office. This will not be easy. It will require us to make difficult decisions and face challenges we’ve long neglected. But I refuse to leave our children with a debt that they cannot repay — and that means taking responsibility right now, in this administration, for getting our spending under control.”

The 2013 budget the president submitted today does not come close to meeting this promise of being reduced to $650 billion for fiscal year 2013.

His currently proposed budget claims (that word from Jake Tapper, the correct word) the deficit will fall to $901 billion in 2013.

It won't.

But that's as far as he can torture the numbers.


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posted by Ace at 01:15 PM

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