Another Obama Disaster – Deficit This Year $500 Billion More Than Original Estimates
Posted by Jim Hoft on Tuesday, February 7, 2012, 9:44 AM
In 2009 the Obama Administration estimated that the US deficit would decrease from $1.75 trillion to a more manageable $600 billion in three years.
SOURCE: CBO, White House Office of Management and Budget | The Washington Post – March 21, 2009
But then the Obama stimulus failed and deficits blew through the roof.
The Obama Administration lied.
(J. Hoft Chart)
In fact this year will be the fourth year in a row that the US deficit will top $1.1 trillion.
Another Obama record.
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Published May 23, 2012 at 4:57 am - 68 Comments
Valerie commented:
Thank you, Jim, for keeping track.
Here’s another tool.
http://ballotpedia.org/wiki/index.php/Main_Page
H/t Conservative Wanderer, at PJ Tatler
Mark1957 commented:
I’m more upset with the House Republicans who had an opportunity to not raise the debt ceiling and force the Senate to pass a budget. Instead the chose to protect their cushy jobs while sticking the taxpayers, and our children, with the bill. Obama is a Marxist, I expected him to screw us, but the 2010 House Repub’s ran on cutting spending, then flat out betrayed us.
Granny commented:
How the heck do you have a budget overrun of more than a half a trillion dollars??? And WHY is the Senate being allowed to get away with a complete failure to approve a National Budget for YEARS, one of their primary duties as stipulated in the Constitution.
Jim commented:
Why is the first chart still using “projected” for years 2009, 2010 and 2011? And why does the second chart’s years not line up better? If you are making a visual point to liberals (as I do often), I would like to have better presentation. That being said, how can there be a budget if “Dingy” Harry Reid has not let the senate vote on one? It’s all uncontrolled spending.
cal rifkin commented:
Worst Prez. Ever!!
lucy commented:
More people are working but wait! the deficit is growing. The economy sucks.
Ausonius commented:
HOAX & CHAINS
Bloodless Coup commented:
Whoops, another minor error form the Ministry of Truth.
Freddy commented:
It is beyond time to update that 4 year old chart.
Obama's Magic Elixir commented:
What are you people complaining about? A trillion here, a trillion there. Your great, great, great grandchildren can pay it off if they’re lucky. What a small price to pay for having the Dear Leader in our midst. Besides the proles aren’t smart enough to decide what is morally just. To each according to his needs, as decided by Barrack.