President Obama once promised to cut the deficit in half during his first term in office. Instead, his own Office of Management and Budget says the deficit this year will be $1.2 trillion and that Washington's debt will have skyrocketed to $16.35 trillion by October. Rather than keeping his promise to tackle the nation's out-of-control debt and clamp down on reckless federal spending, the President and congressional Democrats went on an old-fashioned liberal spending binge.

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