Obama's Budget: Fact or Fiction?
I saw this from a RW'er friend on FB. Not sure if it's true but thought it was interesting.
What I found below is even more interesting
2011 Predictions in graph below
Revised 2012 projections below
Through the fog of the debt limit negotiations, President Obama has
attempted to shift the blame for America’s deficit crisis to politicians
at large, claiming
that “neither party is blameless for the decisions that led to this
problem.” Though the culture of overspending is endemic in Washington,
don’t let the President fool you—some are a lot more guilty than others.
The fact is that Obama’s budget would set America on a dangerous
fiscal course that leads to massive deficits well into the
future—hitting $1.2 trillion in 2012 and, after dipping slightly, rising
back to $1.2 trillion again by 2021.
The chart above illustrates what the country’s fiscal future looks
like. As analyzed by the Congressional Budget Office, even after the
massive tax hikes included in Obama’s budget, federal deficits total
$9.5 trillion. In other words, under his budget, the President would
more than double the national debt in just 10 years. Simply put, Obama’s
budget (which didn’t even win the support of his own party in the
United States Senate) would push America over a fiscal cliff.
The full story can be read at the link below
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