Obama is projecting a federal deficit of $1.75 trillion this year, the largest in history, but says he can get it down to $533 billion by 2013.
Remember that folks. 2013 will be here faster than you think and 5 will get you 10 that there will be some excuse, some unforeseen event, something the Republicans did that will be the excuse why we didn't achieve the Obama goal.
The president now says that the national crisis is "not as bad as we think." He says that he has seen public opinion seesaw without logic. He doesn't seem to realize the mixed signals are coming from his camp. The doom and gloom has been a constant message from the Obamamites.
At the end of January his man on the economy, Dr. Larry Summers, was on Meet the Press. When asked what he was telling the president he said, "I'm telling him he's inherited an extraordinarily difficult situation: the worst economy since the second World War, a financial system that's got very serious problems, government budget deficits he's inheriting of a trillion dollars, an entitlement situation that's three times the burden that it was in the year 2000."
That kind of talk does not inspire hope and confidence especially when the president's fix is to drive us deeper into debt.
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