Friday, February 10, 2012

This President Continues to Promote Deficit Spending

News Alert
from The Wall Street Journal

President Barack Obama's budget request to Congress on Monday will forecast a deficit of $1.33 trillion in fiscal year 2012 and includes hundreds of billions of dollars of proposed spending on the nation's infrastructure, according to draft documents viewed by Dow Jones Newswires and The Wall Street Journal.

The projected deficit is higher than the $1.296 trillion deficit in 2011, and is also slightly higher than a roughly $1.15 trillion projection released by the Congressional Budget Office last week.

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