Obama to hike 10-year deficit to $9 trillion

$9 Trillion Deficits?! What happened to a “new era of responsibility”

The Obama administration will raise its 10-year budget deficit projection to approximately $9 trillion from $7.108 trillion in a report next week,a senior administration official told Reuters on Friday.

The higher deficit figure,based on updated [...]

Obama Budget deficit tops $1 trillion

By MARTIN CRUTSINGER,Business Week

Nine months into the fiscal year,the federal deficit has topped $1 trillion for the first time.

The imbalance is intensifying fears about higher interest rates and inflation,and already pressuring the value of the dollar. There’s also concern about trying to reverse the deficit —[...]

Obama Safety Net

 

By Nate Beeler,The Washington Examiner

FACT CHECK:Obama disowns deficit he helped shape

By CALVIN WOODWARD,AP

blame the Republicans for the deficit…

“That wasn’t me,”President Barack Obama said on his 100th day in office,disclaiming responsibility for the huge budget deficit waiting for him on Day One.

It actually was him –and the other Democrats controlling Congress the previous [...]