And the good times just keeps rolling along……
Does any rational minded person still believe in this president? When a CEO of a company pulls in major deficits year after year, what happens to him or her?
CBO CONFIRMS FOURTH CONSECUTIVE YEAR OF TRILLION-DOLLAR DEFICITS UNDER OBAMA
The Congressional Budget Office (CBO) reported on Friday that the budget deficit for 2012 was $1.1 trillion and was only $200 billon less than 2011’s deficit because Oct.1, 2011 fell on a weekend.
The Hill noted, “without the assistance from the calendar, the deficit in 2012 would have been $30 billion larger than reported.”
Every year President Obama has been in office, the annual deficit has been above $1 trillion despite the president’s promise to cut the annual deficit in half in his first term. The country’s debt is over $16 trillion.
Mitt Romney called Obama out on his most glaring failed campaign promise during Wednesday’s debate.
“The president said he’d cut the deficit in half. Unfortunately, he doubled it,” Romney said. “Trillion-dollar deficits for the last four years. The president’s put it in place as much public debt — almost as much debt held by the public as all prior presidents combined.”