2/13/2012

Obama Budget $1.33T Deficit, $1.5 Trillion In Tax Increases

Posted by Brian

Debt Has Climbed $4.47T Since Obama Released First Budget—Calling for ‘A New Era of Responsibility’
By Terry Jeffrey February 13, 2012

(CNSNews.com) - The federal debt has increased by $4.47 trillion since President Barack Obama released his first federal budget on Feb. 26, 2009.
That budget was entitled, “A New Era of Responsibility.”
On Feb. 26, 2009, as Obama released his budget for fiscal 2010, the national debt stood at $10.88 trillion (10,881,159,722,022.36). At the close of business on Feb. 9, 2012, the national debt stood at $15.36 trillion ($15,355,838,921,022.16). That represents an increase in the debt of $4.47 trillion ($4,474,679,198,999.80).
FLASHBACK: Obama Calls President Bush Unpatriotic For $4T in debt over 8 years:
FLASHBACK: Obama - "You don't raise taxes in a recession".

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