If this country is to seriously address the major challenges of our time, the effort must begin with our elected officials being honest with the people.
And yet President Barack Obama continues to mislead the American people on all matters fiscal. In his weekly radio address, while explaining his new budget — two months overdue — Obama said, “The truth is, our deficits are already shrinking.”
“Now, the truth is, our deficits are already shrinking,” he said. “That’s a fact. I’ve already signed more than $2.5 trillion in deficit reduction into law, and my budget will reduce our deficits by nearly $2 trillion more, without harming the recovery.”
Of course, he “is referring to our yearly deficits, not the sum total of our debt, which is growing at an astonishing pace,” the Weekly Standard noted.
And even though there “may” be some reduction in the deficit, Obama’s budget continues to add to the national debt because it does not balance.
It’s something to keep in mind the next time the president spouts his rhetoric about a “balanced approach.”
In truth, Obama’s budget is not even taken seriously by his own party. His 2012 budget offering was unanimously rejected 99-0 in the Democratic-controlled U.S. Senate.
Perhaps he fared better in 2011? Well, considering his budget was rejected by two fewer senators, you might say that. Nonetheless, it went down 97-0.
As the Weekly Standard reported, when Obama became president on January 20, 2009, the debt was $10.6 trillion. The total outstanding public debt is no, $16.7 trillion, according to the federal government.
An increase of more than $6 trillion, and growing by the minute.
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