Obama talks about how he will cut the deficit in half during his first term - and why it's so important. Really? The 2008 budget deficit was 458 billion. Obama's proposed new budget for this year has a deficit of 1.1 TRILLION. President Barack Obama vowed Monday to cut the country's budget deficit in half by the end of his first term. (Feb. 23)
"I refuse to leave our children with a debt they cannot repay,"
Reminds me of when he said...
"The fact that we are here today to debate raising America's debt
limit is a sign of leadership failure. It is a sign that the US Government cannot
pay its own bills. It is a sign that we now depend on ongoing financial
assistance from foreign countries to finance our Government's reckless
fiscal policies. Increasing America's debt weakens us domestically and
internationally. Leadership means that 'the buck stops here.' Instead,
Washington is shifting the burden of bad choices today onto the backs
of our children and grandchildren. America has a debt problem and a failure
of leadership. Americans deserve better."
SENATOR BARACK H. OBAMA, MARCH, 2006
Reminds me of when he said...
"The fact that we are here today to debate raising America's debt
limit is a sign of leadership failure. It is a sign that the US Government cannot
pay its own bills. It is a sign that we now depend on ongoing financial
assistance from foreign countries to finance our Government's reckless
fiscal policies. Increasing America's debt weakens us domestically and
internationally. Leadership means that 'the buck stops here.' Instead,
Washington is shifting the burden of bad choices today onto the backs
of our children and grandchildren. America has a debt problem and a failure
of leadership. Americans deserve better."
SENATOR BARACK H. OBAMA, MARCH, 2006
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