Obama's Deficit Excuses Debunked By His Own Budget Docs

Investor's Business Daily ^ | 2/16/2012 | John Merline

[IBD editorial writer]

President Obama told an Atlanta TV station this week that the reason he's unable to live up to his campaign promise to cut the deficit in half is "because this recession turned out to be a lot deeper than any of us realized."

But Obama's own budget documents show that this excuse doesn't hold up very well.

[CPT Clay]

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[yoe]

(Obama's first budget) released in May 2009.

Meanwhile, a memo drafted by Obama's economic team in December 2008 that (recently came to light) makes it clear that they were fully aware the economy was performing far worse than the official numbers at the time suggested, noting that "forecasts have become decidedly more pessimistic in recent days" and that "further negative revisions seem more likely."

Actually Obama is far worse at economics than 'they or we' thought....his lack of experience is mind boggling; his chicanery is beyond 'artful', it is criminal.