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White House: $1.2 Trillion Deficit in 2012

hgibbs Wrote: Jul 28, 2012 11:56 AM
what Maria explained I'm amazed that someone can get paid $6438 in one month on the computer. did you read this website >>>

Just so you know, this deficit is totally out of context and was certainly not built by President Obama:

The Obama administration projects a budget deficit of $1.211 trillion this year, though that is $116 billion lower than an estimate released earlier in the year. "This reflects lower-than-expected spending, partially offset by lower-than-expected receipts," Budget Director Jeffrey Zients wrote on the White House website. In unveiling the administration's midyear budget review, Zients reported that this year's deficit is estimated to be 7.8% of Gross Domestic Product. That is less than the 8.5% projected in a...