http://online.wsj.com/article/SB123802235514741871.html
Obama keeps saying he's going to cut the deficit in half over the next three years. This is one of the most intellectually dishonest statements ever made by an american politician. "Last fiscal year, the deficit was $459 billion. For this fiscal year, it was $569 billion when Mr. Obama took office. Under his proposals, another $1.276 trillion will be added to the deficit this year, for a total of $1.845 trillion. The CBO says deficits will fall for three years to $658 billion, still nearly 50% larger than any past deficit."So he's going to cut the deficit in half over three years after he more than doubles it this year. Even after he "cuts the deficit in half" the deficit will be larger than it has ever been in US history! Then, the deficit will expand dramatically over the next 10 years because of new entitlement spending he's proposing. Some of us saw this comming... it's time for the rest of you to wake up!
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