{"id":8669,"date":"2011-02-14T10:35:49","date_gmt":"2011-02-14T15:35:49","guid":{"rendered":"http:\/\/cfif.org\/v\/freedom_line_blog\/?p=8669"},"modified":"2011-02-14T10:50:47","modified_gmt":"2011-02-14T15:50:47","slug":"obama-budget-proposal-record-1-6-trillion-deficit","status":"publish","type":"post","link":"https:\/\/cfif.org\/v\/freedom_line_blog\/8669\/obama-budget-proposal-record-1-6-trillion-deficit\/","title":{"rendered":"Obama Budget Proposal: Record $1.6 Trillion Deficit"},"content":{"rendered":"

Last month, we noted with alarm that the Congressional Budget Office forecast a record $1.5 trillion<\/a> federal budget deficit for fiscal 2011.<\/p>\n

It’s apparently even worse than that.\u00a0 Today, the Obama Administration unveils its proposed budget, projecting that this year’s deficit<\/a> will actually reach $1.6 trillion.\u00a0 So after telling Americans during his 2008 campaign that he was going to go through the budget “line-by-line”<\/a> and reduce the deficit, Obama has given us deficits<\/a> of $1.4 trillion, $1.3 trillion and now a record $1.6 trillion.\u00a0 And what to show for it?\u00a0 Unemployment remains at or above 9% for a post-World War II record<\/a> 21st consecutive month, despite Obama’s promises<\/a> that it would top out at 8% in October 2009 and decline to between 6% and 7% today.<\/p>\n

As for those who continue their mindless “Blame Bush”<\/a> rationalization crusade, they must explain how three years into the Age of Obama, the deficit is increasing, not decreasing, from $1.3 trillion to $1.6 trillion (an almost 25% increase).<\/p>\n","protected":false},"excerpt":{"rendered":"

Last month, we noted with alarm that the Congressional Budget Office forecast a record $1.5 trillion federal budget deficit for fiscal 2011. It’s apparently even worse than that.\u00a0 Today, the Obama Administration unveils its proposed budget, projecting that this year’s deficit will actually reach $1.6 trillion.\u00a0 So after telling Americans during his 2008 campaign that […]<\/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":[914,70,40,59,19,102,12,24,35,61,179,71,28,18],"class_list":["post-8669","post","type-post","status-publish","format-standard","hentry","category-posts","tag-2012-presidential-election","tag-budget","tag-congressional-budget-office","tag-deficit","tag-economy","tag-free-market","tag-health-care","tag-obama","tag-obamacare","tag-spending","tag-stimulus","tag-taxes","tag-tea-party","tag-unemployment"],"_links":{"self":[{"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/posts\/8669","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=8669"}],"version-history":[{"count":4,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/posts\/8669\/revisions"}],"predecessor-version":[{"id":8671,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/posts\/8669\/revisions\/8671"}],"wp:attachment":[{"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/media?parent=8669"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/categories?post=8669"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/tags?post=8669"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}