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White House: $1.2 Trillion Deficit in 2012

wwiseone Wrote: Jul 28, 2012 8:52 AM
burrak....you see that number???..............$1.2 TRILLION?????? man you are not part of the problem.............YOU ARE THE PROBLEM !!!! save me the effort at the polls in november..................go ahead and RESIGN.

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...