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#663448 - 02/16/11 02:51 PM
Re: Obama's FY12 Budget Proposal
[Re: Janine - Democratic Party]
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Gecko
Registered: 06/09/07
Posts: 757
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Will Republicans support his plan to reduce the federal deficit and stimulate the economy? If he had such a plan, Republicans would support it. However, he does not. From PolitiFact: Over the next 10 years, according to the president�s budget, there will be projected deficits every year. Here�s a rundown: Year Deficit 2010: $1.293 trillion 2011: $1.645 trillion 2012: $1.101 trillion 2013: $768 billion 2014: $645 billion 2015: $607 billion 2016: $649 billion 2017: $627 billion 2018: $619 billion 2019: $681 billion 2020: $735 billion 2021: $774 billion For further analysis, please see Barack Obama says White House budget would not add to the debt within a few years
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#663832 - 02/17/11 07:11 PM
Re: Obama's FY12 Budget Proposal
[Re: Janine - Democratic Party]
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Gecko
Registered: 06/09/07
Posts: 757
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Obama inherited a $1.3 trillion dollar debt from the Bush Administration. And what did Obama do? Begin cutting? Hardly. His spending exceeds that of the Bush administration. from Bush Deficit vs. Obama Deficit in Pictures �President Bush expanded the federal budget by a historic $700 billion through 2008. President Obama would add another $1 trillion. �President Bush began a string of expensive finan�cial bailouts. President Obama is accelerating that course. �President Bush created a Medicare drug entitle�ment that will cost an estimated $800 billion in its first decade. President Obama has proposed a $634 billion down payment on a new govern�ment health care fund. �President Bush increased federal education spending 58 percent faster than inflation. Presi�dent Obama would double it. Also useful is Obama's trillions dwarf Bush's 'dangerous' spending
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