Katie Pavlich
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It's only August but the Congressional Budget Office is predicting the United States will see another $1 trillion deficit before we hit October. The federal government has posted $1 trillion deficits every year since President Obama took office and the Democrat controlled Senate hasn't passed a budget in more than 1100 days. No budget means not knowing how much is being spent. In 2008, the deficit was less than $500 billion. The national debt stands at nearly $16 trillion.

The nonpartisan Congressional Budget Office (CBO) on Tuesday estimated that the federal budget deficit stands at $975 billion through July.

This guarantees that the deficit for fiscal 2012, which ends Sept. 30, will be above $1 trillion.

The deficit through the first 10 months of 2011 came to $1.1 trillion, $125 billion more than through the first 10 months of this year.

Americans for Prosperity is out with a new ad today addressing this issue and is reminding voters of President Obama's pledge to cut the deficit in half.

 

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Katie Pavlich

Katie Pavlich is the News Editor at Townhall.com. Follow her on Twitter @katiepavlich. She is also the author of Fast and Furious: Barack Obama's Bloodiest Scandal and the Shameless Cover-Up.

“ABSOLUTELY DEVASTATING! Intrepid investigative journalist Katie Pavlich rips the lid off Team Obama’s murderous corruption and anti-Second Amendment zealotry" says Michelle Malkin.

"Katie Pavlich draws back the curtain on a radical administration that put Mexican and American lives at risk for no discernible reason other than to advance an ideological agenda." - David Limbaugh

Buy Katie's book today and help us keep the pressure on Obama and his attorney general Eric Holder and expose the cover-up.

Author Photo credit: Jensen Sutta Photography