Obama tripled the deficit his first year with the failed Obama-Pelosi stimulus plan.
In Obama’s second year the deficit topped a trillion dollars again.
It was unprecedented.
The Obama deficit this year may reach $1.29 trillion. (The Captain’s Comments)
Barack Obama and Democrats also added over One Trillion Dollars to the Federal Budget in the last 4 years.
That’s at least a 30% increase in federal spending in just 3 years.
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So you know when Barack Obama praises your bipartisan economic plan, you most likely screwed up… Big time.
The Gang of 6 RINOS just screwed Republicans today.
The Politico reported:
President Barack Obama said Tuesday that a proposal offered by Republican and Democratic senators is “a very significant step” that represents “the potential for bipartisan consensus” on resolving the impasse over cutting the deficit and raising the debt ceiling.
In an appearance in the White House briefing room, Obama urged congressional leaders to embrace the “Gang of Six” proposal, which would slash the deficit by $3.7 trillion over 10 years, in part by raising about $1 trillion in new revenue. (taxes)
“We have a Democratic president and administration that is prepared to sign a tough package that includes both spending cuts, modifications to Social Security, Medicaid and Medicare that would strengthen those systems and allow them to move forward, and would include a revenue component,” Obama said. “We now have a bipartisan group of senators who agree with that balanced approach. And we’ve got the American people who agree with that balanced approach.”
Obama’s decision to align himself with the Senate package aims to further marginalize House Republicans, who have resisted any deficit reduction plan that includes new revenues.