Wednesday, August 22, 2012

Obama: Trillion Dollar Deficits - 4 YEARS

Congratulations, Obama, on your historic accomplishment!

No other U.S. president has done what you've done in office.

You own the title - the first president to run trillion deficits four straight years.

From FOX News:

Prepare for another year of $1 trillion-plus deficits.

The nonpartisan Congressional Budget Office projected Wednesday that the deficit for 2012 will run $1.1 trillion, the fourth year in a row the shortfall will exceed $1 trillion.

The projection is down a bit from an earlier estimate pegging the deficit this year at $1.2 trillion.

The report also warned that a new recession is likely if an ongoing stalemate over tax and spending cuts continues between Democrats and Republicans.

In its annual summertime report, the budget office said Wednesday that letting decade-old tax Bush tax rates expire and sweeping spending cuts occur in January -- which will happen without congressional action -- "would lead to economic conditions in 2013 that will probably be considered a recession."

If that happened, the economy would contract by 0.5 percent -- a gloomier projection than the budget office made earlier this year when it envisioned slight growth under that scenario. Unemployment would rise to around 9 percent by late next year if the standoff persists, the analysts said.

...It also envisions an economy recovering at only a modest pace the rest of this year, growing at an annual rate of 2.25 percent.

Obama has been a complete failure in terms of the economy, a total disaster.

Good Lord, why would anyone vote for four more years of THIS?

It would be self-destructive. It would be masochistic. It would be insane.

Bottom line: Obama is worse than Jimmy Carter.

Obama's disastrous economic policies are really hurting Americans, including women.

Obama is not helping women.


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