Tuesday, February 15, 2011

The President's 2012 Budget: fantasy, dishonesty, or doom?

Proposes $3,730,000,000,000 in spending
Reports a $1,100,000,000,000 deficit for 2012
2011's deficit was $1,650,000,000,0002010's deficit was $1,400,000,000,000Any "cuts" are deemed as such from the 2011 baseline
"Cuts" in spending are increases from 2008 budget levels
(2007's budget deficit was $160,000,000,000)
The total US Debt is scheduled to reach $15,476,000,000,000 by September 30, 2011

-that's 102% of GDP
Click here to see the Budget Clock ticking...

Marc Faber claims Obama is peddling intellectual dishonesty...