Deficit Spending... Obama Lied!

[AAR]

Candidate Obama denounced federal budget deficits, but President Obama
and the Democrat Congress embrace enormous and unsustainable deficits
as a means to impose their own Liberal agenda on America!


The Washington Examiner, March 27, 2009...

On Spending and the Deficit, McCain Was Right.

[Candidate] Obama used to get very upset about federal budget
deficits. Denouncing an "orgy of spending and enormous deficits," ...

... President Obama is asking lawmakers to vote for a budget with a
deficit three times the size of the one that so disturbed candidate
Obama just a few months ago. ... for years to come, deficits that
dwarf those he felt so passionately about way, way back in 2008.

... [Budget Director Peter Orszag] said such deficits, in the range of
five percent of the Gross Domestic Product, "would lead to rising debt-
to-GDP ratios in a manner that would ultimately not be sustainable."

... If the Congressional Budget Office projections are correct, we're
headed for hell in a handbasket. ... the U.S. could have to print a
lot of new money, "running the huge risk of inflation and returning to
the situation of the 1970s, only far worse," ... The second option is
to raise taxes.

... former Clinton budget director Alice Rivlin conceded that Obama's
budget could present a "scary scenario" that would "raise deficits to
unsustainable levels well after the economy recovers." ...higher
taxes, and not just for the richest of the rich.

... Obama will likely have to bow to those in his party who say he
must raise taxes if he wants to pay for health care and other
expensive initiatives.

"The deficit issue could be one of the most, if not the most,
consequential of Obama's unkept campaign promises."


How long will the Liberal media continue to cover for Obama, his lies,
and his deceit before Americans wake up and see the truth?

AAR