After Raising National Deficit to $1.65 Trillion, Obama Thinks Cutting $38 Billion Is “Living Within Our Means”
Obama talked again about “living within our means” in his Weekly Address today.
Beginning to live within our means is the only way to protect the investments that will help America compete for new jobs – investments in our kids’ education and student loans; in clean energy and life-saving medical research.
Of Course, Obama was bragging about the fact that he agreed to cut $38.5 billion from the federal budget this year. This is after Obama, Pelosi, Reid and Democrats added over a trillion dollars to the annual federal budget in the last 4 years.
That’s at least a 30% increase in federal spending in just 3 years.
Is that “living withing our means?”
The Obama-Pelosi national deficit is over a trillion dollars for the third year in a row.
Another Obama record.
This chart was updated to reflect the recent news that the deficit this year will reach $1.65 trillion. (The Captain’s Comments)
Related… Boehner won big last night.