Obama Announces Budget Busting $1.6 Trillion Dollar Deficit

Standing next to Treasury Secretary Tax Cheat Timmy Geithner could not be a more fitting image as Obama announces his $3.8 Trillion Dollar Budget which will boost the budget deficit beyond any in our nations history.

During the 07 October, 2008 Presidential Debate in Nashville, TN Barack Obama said, “When George Bush came into office our debt–our national debt was around $5 Trillion its now almost $10 Trillion we’ve almost doubled it—but actually I’m cutting more than I am spending so that it will be a net spending cut.”

Huh?

On the 20 November, I wrote here that during Obama’s first year in office the federal budget deficit has quadrupled from $459 Billion Dollars in 2008 to $1.85 Trillion Dollars last year.

How is quadrupling the federal budget deficit in one year, a net spending cut?

Related Posts: Debt Deluge: Here comes the $1.6 Trillion flood of red ink Via Michelle Malkin

The Budget Explained Via Politico

Big Government is Back with Growing Federal Payroll Via The Washington Times

Obama’s Spending Plan Anticipates $5.08 Trillion Dollar Deficits over Next 5 Years Via Politico

The Budget: Obama is living in The Matrix Via Another Black Conservative

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