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Budget 2011: Past Deficits vs. Obama’s Deficits | e |
"Releasing his budget this Monday, President Barack Obama told the American people:
We won’t be able to bring down this deficit overnight, given that the recovery is still taking hold and families across the country still need help. … Just as it would be a terrible mistake to borrow against our children’s future to pay our way today, it would be equally wrong to neglect their future by failing to invest in areas that will determine our economic success in this new century.
But not only does President Obama’s budget fail to reduce deficits “overnight”, his budget actually moves them in the opposite direction. President Obama’s budget would:
- Permanently expand the federal government by nearly 3 percent of gross domestic product (GDP) over 2007 pre-recession levels;
- Borrow 42 cents for each dollar spent in 2010;
- Leave permanent deficits that top $1 trillion in as late as 2020;
http://blog.heritage.org/2010/02/05/past-deficits-vs-obamas-deficits-in-pictures/
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