Posts Tagged ‘ obama deficit ’

The CBO estimated that the 2012 budget deficit will top $1 trillion for the fourth consecutive year under the Obama administration.  The CBO estimated that the 2012 budget deficit will be approximately $1.1 trillion in a year that President Obama will be making the case to the American people that he deserves four more...
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According to the Treasury Department, the Obama debt is increasing the National Debt beyond $13.6 trillion.  The National Dept has increased more than $3 trillion due to the Obama debt added in the last 2 years.  According to the national debt clock, the current national debt stands at $13.6 trillion and climbing. Before the Obama debt...
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The CBO reported that the Obama deficit for 2010 was $1.29 trillion.  The CBO is also projecting that the Obama administration and congressional Democrats will deliver a $1.4 trillion deficit for 2011.  Taking into account the Obama deficit for 2009, 2010, and the 2011 projection, the Democrat controlled Congress and White House will add...
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Today, several news organizations indicated that in the early hours of the morning, the national debt tops $13 trillion for the first time in history.  This news comes as Congress gets set to vote this week on an additional $130 billion of spending to add to the 2010 Obama budget deficit of over $1.4 trillion.  The...
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The Obama administration has produced a record budget deficit of over $1.3 trillion for fiscal year 2010.  The CBO has re-estimated its 10 year projections to predict that Obama’s budget deficits will push the country almost $10 trillion further in debt by 2020. Putting the federal deficit in terms that Americans can understand, when Obama...
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Incinerating a Hot Potato By Scott Spiegel If deficit spending is the way out of an economic downturn, as leftist economists like Paul Krugman keep telling us, then one way to characterize President Obama’s approach to reviving the ailing economy is “killing it with kindness.” Another is “tough love” – not the kind where...
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Today we read a post that indicated that as of 3:00 pm on 11/17, the United States National debt topped $12 billion for the first time setting a new US national debt record. According to a post at Hot Air, the United States national debt was $12,031,299,186,290.07 at 3:00 pm.  This indicates that it...
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As our government debates adding trillions of dollars in spending through the health care reform bill, we are reminded the sad shape of our government’s finances.  President Obama has delivered a record monthly budget deficit in his first fiscal year as president.   It was reported this week that Obama has delivered the largest October budget...
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The Office of Budget Management projected that the 2009 budget deficit would be $262 billion less than originally expected at only $1.58 trillion.  However, the estimate for the 10 year deficit rose to $9 trillion. Today it was reported that the Obama administration blames the 10 year deficit on the current crisis and the...
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If you pay attention to the news, you know that our government is spending and borrowing as if there is no tomorrow.  Every weekwe see a new plan that is needed “now” to save us from some catastrophe all the while laying the foundation of a new catastrophe caused by ever increasing debt. You...
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