He inherited a 1 Trillion dollar deficit from Bush. This story says that by the end of the year, it will be at 1.75 Trillion. That’s a pretty big jump. Don’t worry though, he promises that he will cut it in half by 2013.
So basically Obama will have almost doubled the deficit in one year, while his media lackeys try to put the emphasis on his promises to half it. How does he intend to do this, anyway? Credit where credit is due, he’s actually planning to cut farm subsidies, but that’s only about 10 billion over 10 years. He also plans to increase taxes on wealthier Americans. Wealthier than who, I wonder?