Obama’s New Budget Would Rack Up Additional $3.5 Trillion in US Debt!
The CBO analysis of Obama’s budget exposes what Obama and the Democrats don’t want you to know; that Obama and the Democrats have no idea how to reduce the Obama administration’s rampant over-spending, and are hell-bent on bankrupting our nation as quickly as possible!
…President Obama’s budget would pile up an additional $3.5 trillion in debt over the next 10 years and shows the government’s trust funds running out of money in 2020, Congress’s official non-partisan scorekeeper said Friday.
In 2012 alone Mr. Obama’s budget would leave a $1.3 trillion deficit — $82 billion worse than if none of his policies were enacted. Over the next ten years the deficit would dip to less than a half-trillion dollars in 2017, but would rise again in the later years.
By 2022, a decade from now, the federal government would
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