- Feb 10, 2005
- Reaction score
- Montgomery, Al
The budget, which will delivered to Congress on Monday, projects the deficit at $1.33 trillion this fiscal year
Obama pledged in 2009 to have halved the deficit by next year, and his failure to deliver has provided Republicans with ammunition as they seek to deny him a second term by portraying him as old style tax and spend liberal.
President Barack Obama has repeatedly claimed that his budget would cut the deficit by half by the end of his term. But as Heritage analyst Brian Riedl has pointed out, given that Obama has already helped quadruple the deficit with his stimulus package, pledging to halve it by 2013 is a joke.