The Leader Board

Let's Be Honest

Feb 12 2013

Tonight President Obama Will Say That None Of His Proposals 'Should Increase Our Deficit,' But If History Is Any Guide…

 

SOTU EXCERPT: President Obama: "Nothing I'm proposing tonight should increase our deficit by a single dime." (State Of The Union Speech Excerpts, President Obama, 2/12/13)

 

Remember When He Pledged To Cut The Deficit In Half?

PRESIDENT OBAMA: "And that's why today I'm pledging to cut the deficit we inherited in half by the end of my first term in office." (President Barack Obama, Remarks At The Fiscal Responsibility Summit, Washington, D.C., 2/23/09)

 

REALITY: 'A Deficit Of More Than $1 Trillion For Every Year Of Obama's First Term'

"…the United States recorded a deficit of more than $1 trillion for every year of Obama's first term…" ("CBO Projects $1.08 Trillion Deficit, 8.9 Percent Jobless Rate In 2012" The Hill, 1/31/12)

 

'The Most Rapid Increase In The Debt Under Any U.S. President'

$5.87 trillion added to the debt since January '09. ("The Debt To The Penny And Who Holds It," U.S. Treasury Department, Accessed 2/11/13)

CBS: "The most rapid increase in the debt under any U.S. President." ("National Debt Has Increased $4 Trillion Under Obama," CBS News, 8/22/11)

 

'United States Cannot Sustain The Federal Spending Programs That Are Now In Place'

CBO: "With the population aging and health care costs per person likely to keep growing faster than the economy, the United States cannot sustain the federal spending programs that are now in place…" ("Choices For Deficit Reduction," Congressional Budget Office, P.6, 11/12)

 

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