{"id":16075,"date":"2012-10-05T14:02:18","date_gmt":"2012-10-05T18:02:18","guid":{"rendered":"http:\/\/cfif.org\/v\/freedom_line_blog\/?p=16075"},"modified":"2012-10-05T14:06:45","modified_gmt":"2012-10-05T18:06:45","slug":"cbo-announces-fourth-consecutive-trillion-dollar-deficit-under-obama","status":"publish","type":"post","link":"https:\/\/cfif.org\/v\/freedom_line_blog\/16075\/cbo-announces-fourth-consecutive-trillion-dollar-deficit-under-obama\/","title":{"rendered":"CBO Announces:  Fourth Consecutive Trillion-Dollar Deficit Under Obama"},"content":{"rendered":"<p>Before Barack Obama, America had never seen a trillion-dollar deficit.\u00a0 Under Obama, we have now endured four in a row.<\/p>\n<p>Today, the Congressional Budget Office (CBO) announced that the deficit for fiscal 2012 <a href=\"http:\/\/www.cbo.gov\/publication\/43656\" target=\"_blank\">totaled $1.1 trillion<\/a>, after trillion-plus deficits for 2009 (which Obama falsely attributes to Bush), 2010 and 2011.\u00a0 Keep in mind that Obama originally promised that the deficit would be <a href=\"http:\/\/cnsnews.com\/news\/article\/white-house-underestimated-2012-deficit-7695b-or-138-percent\" target=\"_blank\">down to $557 billion<\/a> this year, in addition to his infamous promise to &#8220;<a href=\"http:\/\/www.youtube.com\/watch?v=SaQUU2ZL6D8\" target=\"_blank\">cut the deficit in half<\/a> by the end of my first term.&#8221;\u00a0\u00a0 Moreover, the expiration date on his all-purpose alibi of the last recession has long since passed, since that recession ended <a href=\"http:\/\/blogs.wsj.com\/economics\/2010\/09\/20\/nber-recession-ended-in-june-2009\/\" target=\"_blank\">over three years ago<\/a> in June 2009.<\/p>\n<p>Obama and his media apologists will naturally trumpet this morning&#8217;s <a href=\"http:\/\/www.aei-ideas.org\/2012\/10\/the-sickly-stagnant-september-jobs-report\/\" target=\"_blank\">lackluster jobs report<\/a>, yet today&#8217;s deficit announcement by the CBO provides a broader perspective on his utter, unprecedented failure as president.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Before Barack Obama, America had never seen a trillion-dollar deficit.\u00a0 Under Obama, we have now endured four in a row. Today, the Congressional Budget Office (CBO) announced that the deficit for fiscal 2012 totaled $1.1 trillion, after trillion-plus deficits for 2009 (which Obama falsely attributes to Bush), 2010 and 2011.\u00a0 Keep in mind that Obama [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[59,24,61],"class_list":["post-16075","post","type-post","status-publish","format-standard","hentry","category-posts","tag-deficit","tag-obama","tag-spending"],"_links":{"self":[{"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/posts\/16075","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/comments?post=16075"}],"version-history":[{"count":3,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/posts\/16075\/revisions"}],"predecessor-version":[{"id":16077,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/posts\/16075\/revisions\/16077"}],"wp:attachment":[{"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/media?parent=16075"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/categories?post=16075"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/tags?post=16075"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}