It's hard to imagine how anyone can take President Obama's latest budget seriously, including President Obama.
This week, the administration presented a $3.8 trillion budget. The 2012 fiscal year will close with a $1.3 trillion deficit; the deficit for 2013 is expected to be $900 billion.
Here we go again with President Obama demanding one class of citizens pay more in taxes than everyone else to help pay for his Ponzi scheme called a 2013 budget.
Early in his administration, President Obama, pledged to cut the federal deficit in half. But his recent budget proposal, to say Obama has not kept his promise is an understatement.
In 2009, Obama pledged to cut the deficit in half by the end of his term. On Monday, he officially broke that promise, by unveiling a budget with the fourth consecutive deficit in excess of a trillion dollars. By the end of 2012, the national debt will exceed $16 trillion and by 2022, a whopping $25.9 trillion.
President Obama is nothing if not an incorrigible spendaholic, as his new budget reconfirms in spades. While the nation drowns in debt, Obama wants to buy new expensive Tinkertoys to indulge his utopian fantasies.