After Obama Promises to Trim Deficits 2 Days Ago- He Proposes Largest Spending Bill in History Today
Two days ago Barack Obama told the American public that trimming the budget deficit was as important as creating jobs. This was after he tripled the budget deficit in 2009.
President Barack Obama said Saturday that trimming budget deficits is as important as creating jobs, his top domestic priority this year, to continue the economic recovery that appears under way.
But that was Saturday…
Today Barack Obama proposed a record budget that will increase the US budget deficit by at least $100 billion dollars. Obama’s $3.8 trillion budget will cause the deficit to skyrocket to a record $1.6 trillion.
President Barack Obama will propose on Monday a $3.8 trillion budget for fiscal 2011 that projects the deficit will shoot up to a record $1.6 trillion this year, but would push the red ink down to about $700 billion, or 4% of the gross domestic product, by 2013, according to congressional aides.
The deficit for the current fiscal year, which ends on Sept. 30, would eclipse last year’s $1.4 trillion deficit, in part due to new spending on a proposed jobs package. The president also wants $25 billion for cash-strapped state governments, mainly to offset their funding of the Medicaid health program for the poor.
After a year of this you start to wonder if you can trust this guy on anything?