Skip to comments.CBO: Obama Vastly Exaggerated Deficit Cuts In Budget
Posted on 05/17/2013 3:00:53 PM PDT by IBD editorial writer
President Obama vastly exaggerated the spending cuts and deficit reduction his budget plan would produce, while dramatically undercounting the level of tax hikes, according to a Congressional Budget Office analysis of his budget released Friday.
When Obama put out his budget in mid-April he said that it "will reduce our deficits by nearly another $2 trillion," and "does so in a balanced and responsible way, a way that most Americans prefer."
But the CBO report finds that Obama´s budget will cut 10-year deficits by just $1.1 trillion, with annual deficits starting to rise again after 2017.
(Excerpt) Read more at news.investors.com ...
Obama gets caught in another lie.
Obama lies with impunity as he know the Media will not hold him accountable. He is responsible for the State of our Country, yet he knows nothing about anything. Empty suits can be far more destructive than we ever imagined.
How nice of the CBO to dump this on a Friday night.
Are they trying to help the Assclown by hoping these facts get lost in the weekend?
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