Remember these words from Obama in the debates:
"what I've done throughout this campaign is to propose a net spending cut.... What I want to emphasize ... is that I have been a strong proponent of pay-as-you-go. Every dollar that I've proposed, I've proposed an additional cut so that it matches."
That didn't last long. After the 2009 budget was approved earlier this week, President Obama presented his budget for fiscal 2010, showing a net deficit of $1.75 Trillion for just that one year.
It makes our fiscal 2008 deficit look great at a mere $455 Billion (although that was the largest deficit ever at that time).
So our national debt continues to grow....
Thursday, February 26, 2009
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