Contrary to CNN’s Claims, Obama Will Increase the Debt

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Posted: Feb 01, 2010 11:47 AM


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**Note** CNN has changed their language from debt to deficit. This screen shot is posted in case they change their language again. CNN knows the difference between debt and deficit.

Today President Obama laid out his $3.8 trillion budget for next year.

According to a CNN article today, the president plans to reduce the country’s debt by $1.2 trillion over the next ten years. The article states “Specifically, he outlines a plan to reduce the nation's debt by $1.2 trillion over the next 10 years, and to get annual deficits as a percent of the economy down from 10.6% today, to 3% by 2015.”

But what’s surprisingly true is that when there is a deficit, there will be more added to the nation’s debt. This is not a plan reduce, but a plan to increase the debt.