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Trillion Dollar Deficits
Washington,
Jun 3, 2010 -
Trillion Dollar Deficits
as far as the Eye Can See
According to the Washington Times today, President Obama pulled the Bush card once again in his political speech at Carnegie Mellon University. He told the audience to make a decision this election cycle to either return to "failed economic policies of the past" or continue with his vision of change. But, according to The Heritage Foundation, the Democrats deficits far exceed those of the Bush administration, and will result in "permanent deficits that top $1 trillion" per year through at least 2020.
As stated on The Heritage Foundation's website, the President's budget would also:
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"Permanently expand the federal government by nearly 3 percent of gross domestic product (GDP) over 2007 pre-recession levels," and
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"Borrow 42 cents for each dollar spent in 2010."
http://blog.heritage.org/2010/02/05/past-deficits-vs-obamas-deficits-in-pictures/
It's time for the administration to focus on the present. We must stop Washington's wasteful spending.
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