Thursday, February 26, 2009

"The One"---Era Of Ethic Responsibility? Proposes $1.75 Trillion Dollar Budget Deficit

There was a time that candidate Obama claimed that he was a proponent of pay as you go saying, "...every dollar that I've proposed, I've proposed an additional cut so that it matches....we're going to have to embrace a culture and an ethic of responsibility, all of us...may be living beyond our means..."

That was in October, 2008 when "The One" was holding revival meetings promising, Change, Change, coming to America.

Now 4 months later President Obama, has laid out a budget plan
which forecasts the largest budget deficit since World War
of $1.75 Trillion Dollars this year and a $1.17 Trillion Dollar Deficit
next year

More here from Reuters