{"id":8462,"date":"2011-01-28T10:13:50","date_gmt":"2011-01-28T15:13:50","guid":{"rendered":"http:\/\/cfif.org\/v\/freedom_line_blog\/?p=8462"},"modified":"2011-01-28T10:16:24","modified_gmt":"2011-01-28T15:16:24","slug":"obamas-2011-deficit-a-record-1-5-trillion","status":"publish","type":"post","link":"https:\/\/cfif.org\/v\/freedom_line_blog\/8462\/obamas-2011-deficit-a-record-1-5-trillion\/","title":{"rendered":"Obama&#8217;s 2011 Deficit?  A Record $1.5 Trillion"},"content":{"rendered":"<p>Barack Obama assured Americans throughout his campaign that if we hired him, he&#8217;d reduce the deficit.\u00a0 <a href=\"http:\/\/latimesblogs.latimes.com\/washington\/2008\/10\/barack-obama-1.html\" target=\"_blank\">Here is Obama<\/a> in his own words from his closing infomercial of October 29, 2008:<\/p>\n<blockquote><p>I believe we need to usher in a new era of responsibility.\u00a0 Across  the country, families are tightening their belts, and so should  Washington.\u00a0 That\u2019s why, for my energy plan, my economic plan and the other  proposals you\u2019ll hear tonight, I\u2019ve offered spending cuts above and  beyond their cost.\u00a0 I\u2019ll also go through the federal budget, line by line, eliminating  programs that don\u2019t work \u2026 and making the ones we do need work better  and cost less.&#8221;<\/p><\/blockquote>\n<p>Here&#8217;s the ugly reality, over two years later:\u00a0 The Congressional Budget Office (CBO) announced this week that the 2011 budget deficit will reach <a href=\"http:\/\/www.foxbusiness.com\/markets\/2011\/01\/26\/cbo-sees-deficit-trillion\/\" target=\"_blank\">a record $1.5 trillion<\/a>.\u00a0 That follows $1.4 trillion and $1.3 trillion deficits in his <a href=\"http:\/\/heritage.org\/Issues\/Budget-and-Spending\/Deficits\" target=\"_blank\">first two years<\/a>.\u00a0 The 2008 deficit, for purposes of comparison, was $455 billion.<\/p>\n<p>Something to consider when assessing Obama&#8217;s latest <a href=\"http:\/\/cfif.org\/v\/index.php\/commentary\/54-state-of-affairs\/882-obamas-state-of-the-union-sputnik-silliness\" target=\"_blank\">State of the Union address<\/a>, and his upcoming promises over the next two years.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Barack Obama assured Americans throughout his campaign that if we hired him, he&#8217;d reduce the deficit.\u00a0 Here is Obama in his own words from his closing infomercial of October 29, 2008: I believe we need to usher in a new era of responsibility.\u00a0 Across the country, families are tightening their belts, and so should Washington.\u00a0 [&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":[143,70,84,40,59,562,19,102,12,27,24,61,179,28,18],"class_list":["post-8462","post","type-post","status-publish","format-standard","hentry","category-posts","tag-barack-obama","tag-budget","tag-congress","tag-congressional-budget-office","tag-deficit","tag-economics","tag-economy","tag-free-market","tag-health-care","tag-jobs","tag-obama","tag-spending","tag-stimulus","tag-tea-party","tag-unemployment"],"_links":{"self":[{"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/posts\/8462","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=8462"}],"version-history":[{"count":4,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/posts\/8462\/revisions"}],"predecessor-version":[{"id":8466,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/posts\/8462\/revisions\/8466"}],"wp:attachment":[{"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/media?parent=8462"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/categories?post=8462"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/tags?post=8462"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}