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Obama Seeks 29 New Programs: ‘Nothing I’m Proposing Should Increase Deficit by Single Dime’

Posted By admin On February 13, 2013 @ 6:18 am In Money Watch | Comments Disabled

Terence P. Jeffrey
CNS News [1]
Feb 13, 2013

President Barack Obama said in his State of the Union Address on Tuesday night that nothing he was proposing in the speech would “increase our deficit by a single dime.” He then proposed at least 29 new government programs.

“Tonight, I’ll lay out additional proposals that are fully paid for and fully consistent with the budget framework both parties agreed to just 18 months ago,” said Obama. “Let me repeat: Nothing I’m proposing tonight should increase our deficit by a single dime.”

In fiscal year 2008, the year before Obama took office, federal spending was $2.98 trillion, according to the White House Office of Management and Budget. In fiscal 2013, the current year, OMB estimates federal spending will be $3.80 trillion–an increase of 27.5 percent.

Since Obama was first inaugurated on Jan. 20, 2009, the federal government’s debt has increase by $5.86 trillion.

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URL to article: http://www.prisonplanet.com/obama-seeks-29-new-programs-%e2%80%98nothing-i%e2%80%99m-proposing-should-increase-deficit-by-single-dime%e2%80%99.html

URLs in this post:

[1] CNS News: http://cnsnews.com/news/article/obama-seeks-29-new-programs-nothing-i-m-proposing-should-increase-deficit-single-dime

[2] It’s Official: 2012 Deficit Was $1.087T; $1T+ All 4 Yrs of Obama’s 1st Term: http://www.prisonplanet.com/its-official-2012-deficit-was-1-087t-1t-all-4-yrs-of-obamas-1st-term.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] Romney-Obama Debate: Deficit Math Doesn’t Add Up for Either Candidate: http://www.prisonplanet.com/romney-obama-debate-deficit-math-doesn%e2%80%99t-add-up-for-either-candidate.html

[5] Geithner defends Obama as deficit again tops $1 trillion: http://www.prisonplanet.com/geithner-defends-obama-as-deficit-again-tops-1-trillion.html

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

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