As it stands, the budget deficit for 2011 is at $1.28T. After the AP’s initial whitewashing...
The federal budget deficit will hit $1.28 trillion this year, down slightly from the previous two years, with even bigger savings to come over the next decade, according to congressional projections released Wednesday. The nonpartisan Congressional Budget Office says budget deficits will be reduced by a total of $3.3 trillion over the next decade…
…we get to the painful reality:
Nevertheless, the federal budget will be awash in red ink for years to come. Even with the savings, budget deficits will total nearly $3.5 trillion over the next decade…only modest economic growth over the next few years, with the unemployment rate falling only slightly by the end of 2012.
And the national debt stands at $14.6T and rising. CNSNews reports:
Although the national debt under President Barack Obama has increased $4 trillion since he took office in 2009, as a presidential candidate in 2008 Obama criticized then-President George W. Bush for adding $4 trillion to the national debt, saying it was “unpatriotic” and also “irresponsible” to saddle future generations with such a large national debt.
So, what took Bush 8, only took Obama less than 3, and he’s not finished! What’s “irresponsible” and “unpatriotic” is the President’s statist hypocrisy at play…and it’s not ‘racist’ to point out. Neither is it to point out, as the Obama’s vacation in Martha’s Vineyard, that Michelle Obama has spent $10M in taxpayer money on vacations alone over the past year. How ‘bout that shared sacrifice?! These limousine liberals certainly aren’t hurting like the rest of America…that includes the very base they claim to compassionately guard.
Ahh, it’s good to be king and queen…
