WASHINGTON - President Obama's budget deficit this year will hit $1.2 trillion, following three previous monster deficits of $1.3 trillion, $1.3 trillion and $1.4 trillion.
This adds $5.2 trillion to the government's public debt which by the end of this year will total more than $16.4 trillion and climbing.
To say that the government is spending our money like there's no tomorrow is a monumental understatement. But the president rarely talks about his mounting debts, hoping the voters will forget that side of the fiscal equation when they vote in November.
He sent a $3.8 trillion smoke-and-mirrors...