Obama's Budget to Double Deficit in 5 Years

In Washington, Congress continues to focus on President Obamaâ€™s proposed budget. The non-partisan Congressional Budget Office released an alarming report indicating that the Presidentâ€™s budget will create deficits averaging nearly $1 trillion a year for the next decade, and it would double the national debt in five years and nearly triple it in 10 years.

Not only does this budget spend too much and tax our nationâ€™s hard-working families and small businesses, it borrows far too much from future generations of Texans. I spoke on the Senate floor about the implications of this budget for students. Under the Presidentâ€™s budget, students who start college this year will see their share of the national debt grow from $19,000 per student to more than $36,000 per student after graduation from a four-year program. That is a tremendous burden to place on college graduates as they enter the workforce and begin their careers.
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Lol. I thought he said the deficit was going to be cut in half by the end of his first 4 years (first term). It's beginning to look like he's not going to be having a second term.

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Obama's Budget to Double Deficit in 5 Years

hostlonestar Peon

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Obama's Budget to Double Deficit in 5 Years

hostlonestar Peon

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