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Geithner defends Obama as deficit again tops $1 trillion

Posted By admin On October 13, 2012 @ 3:28 am In Money Watch | Comments Disabled

Erik Wasson
The Hill [1]
Oct 13, 2012

Treasury Secretary Timothy Geithner on Friday defended the White House approach to the deficit as his department officially confirmed a fiscal 2012 deficit of $1.089 trillion.

That figure is $207 billion less than in 2011, and $238 billion less than forecast in February.

The fact the deficit remains above $1 trillion for the fourth year in a row, despite President Obama’s pledge to cut it in half by now, is a major headache for Obama‚Äôs reelection campaign.

In a joint statement with acting Budget Director Jeff Zients, Geithner sought to blame Congress for the deficit.

Full article here [1]


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URLs in this post:

[1] The Hill: http://thehill.com/blogs/on-the-money/budget/261795-geithner-defends-obama-as-deficit-officially-tops-1-trillion-again

[2] Stop being negative! President Obama solves the $16 trillion federal debt problem with positive intention: http://www.prisonplanet.com/stop-being-negative-president-obama-solves-the-16-trillion-federal-debt-problem-with-positive-intention.html

[3] Obama Budget Office Forecasts $1.47 Trillion Deficit This Year: http://www.prisonplanet.com/obama-budget-office-forecasts-1-47-trillion-deficit-this-year.html

[4] US August Budget Deficit Soars To $192 Billion, $1.17 Trillion In Fiscal 2012: http://www.prisonplanet.com/us-august-budget-deficit-soars-to-192-billion-1-17-trillion-in-fiscal-2012.html

[5] US deficit seen at record 1.845 trillion dlrs: http://www.prisonplanet.com/us-deficit-seen-at-record-1845-trillion-dlrs.html

[6] US budget deficit nears 1 trillion dlrs: Treasury: http://www.prisonplanet.com/us-budget-deficit-nears-1-trillion-dlrs-treasury.html

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