• Barack Obama's Deficit Is So Huge…

    barack-obama-hands-horiz
    how huge is it?

    President Barack Obama sent Congress a $3.83 trillion budget on Monday that would pour more money into the fight against high unemployment, boost taxes on the wealthy and freeze spending for a wide swath of government programs.

    The deficit for this year would surge to a record-breaking $1.56 trillion, topping last year's then unprecedented $1.41 trillion gap. The deficit would remain above $1 trillion in 2011 although the president proposed to institute a three-year budget freeze on a variety of programs outside of the military and homeland security as well as increasing taxes on energy producers and families making more than $250,000.

    Let's go ahead and call this the "talk radio stimulus package."


    Tags: Barack Obama, Deficit, Economy, Taxes

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