Out of Control Spending!
Posted on 12/13/2011 at 2:00 pm by JM Ashby

Well, not really.

Under President Obama, the nation’s deficit will shrink to less than $1 trillion in 2012, the Treasury Department announced yesterday. The deficit in 2011 and 2010 was $1.3 trillion. Treasury projects that the budget deficit for fiscal year 2012 will come in at $996 billion.

The federal deficit has not been below $1 trillion in at least four years, and the last president to reduce the deficit rather than increase it was Bill Clinton.

The automatic expiration of the Bush Tax Cuts at the end of next year will eliminate most of the $996 billion that remains over the next decade.

This should be the biggest story of the week if not the entire month, but I won’t hold my breath. I’m sure the beltway is busy deciding how to spin this as bad news for Democrats.

http://bobcesca.com/blog-archives/2011/12/out-of-control-spending-2.html

Good job.

I'll believe it when I see it. Spin doctors at work here, just like unemployment has gone down.

This article is TOTAL BullSh*T..

The budget deficit went down 3 consecutive years.. 2005,2006,2007


2004 11788.9 412.73 a
2005 12554.5 318.35 a
2006 13310.9 248.18 a
2007 13969.3 160.71 a

http://www.usgovernmentspending.com/spending_chart_2004_2016USb_13s1li111mcn_G0f


Its a little early for the Oblahma lovers to start full on lying..

Probably the same Accountants that dreamed up the Clinton "Surplus"!

Oh yeah.. the same ones that push the "best economic growth period in history" garbage that conveniently leave out the reason being a massive market bubble in the tech sector that burst and lost $5 trillion in value..

They really think that people are stupid..