Obama’s sea of red

posted by
February 16, 2011
Cato Institute
by Michael D. Tanner  
Posted in Commentary

"In the days and weeks leading up to the release of his budget, President Obama and his spokesmen warned us that it would contain 'tough choices' and 'painful cuts.' Having increased government spending by 21.4 percent during his first two years in office, Obama would now be intent on imposing 'fiscal discipline.' Hah! By the administration's own estimates, Obama's $3.7 trillion budget would raise this year's budget deficit to $1.65 trillion, the largest pool of red ink since the end of World War II." (02/15/11)


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