Wednesday, March 25, 2009
Obama Uses Word "Invest" 18 Times To Describe Deficit Spending
"Hope-n-Change" command of the English language may need some tweaking, who is he trying to kid though he may believe it himself ?
In Obama's prime time press conference last night he used the word "invest" or "investment" 18 different times to describe deficit spending.
Last week the Congressional Budget Office analyzed the President's budget proposals and concluded the deficit would be nearly $2 Trillion Dollars this year and $1.4 Trillion next year---the cumulative deficit forecast over the next decade would equal to $9.3 Trillion Dollars and average 5.3% of gross domestic product. Debt held by the public would rise from 57% of GDP in 2009 to 82% of GDP in 2019
Its time to stop blaming George Bush, the largest budget deficit President Bush ever run before this year was $459 Billion in fiscal year 2008
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