Obama is lying about his budget. Again.
Spending is out of control. Between useless "stimulus" programs, bailouts, and proposed health care "reform" programs, Obama is touted as having a 1.1 TRILLION dollar deficit. This, from the same man that derided Bush's deficits of 300 billion.
Well, its worse that we thought.
The Tax Policy Center has released a 49 page analysis of Obama's 2011 budget.
Instead of a 1.1 Trillion dollar shortfall, Obama will be short
4.9 TRILLION DOLLARS!
That is greater than the ENTIRE GDP OF CHINA!!!!!!!! WHO IS GOING TO BUY THAT DEBT?
How's that Hope and Change working out for ya?
h/t TaxProf Blog
Well, its worse that we thought.
The Tax Policy Center has released a 49 page analysis of Obama's 2011 budget.
Instead of a 1.1 Trillion dollar shortfall, Obama will be short
4.9 TRILLION DOLLARS!
That is greater than the ENTIRE GDP OF CHINA!!!!!!!! WHO IS GOING TO BUY THAT DEBT?
How's that Hope and Change working out for ya?
h/t TaxProf Blog
Labels: 2011 budget, Obama budget, Tax Policy Center, TaxProf Blog
posted by Cargosquid at 8:44 AM
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