Tag Archive | "Althea Thomas"

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Blind to Obama’s Broken Promises

In 2008, Obama promised a “net spending cut” (although he never did come up with cuts to offset his proposed spending increases). Obama broke this campaign promise in a big way with his proposed budget, which could bankrupt the United States, according to senior Senators.

Obama’s budget would increase spending levels so much that budget deficits would rise by $4.8 trillion to $9.3 trillion while taxes would increase by $1.9 trillion, according to the Congressional Budget Office.

Yet Obama’s campaign workers have apparently learned nothing from this. Across…

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Posted in Bailout Watch, Economy, Politics as Usual, Sanctimony, Stimulus to NowhereComments (13)

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