President Obama Breaks Promise to Reduce Deficit

ATR ^ | 2012-10-16 | Rhett Brooks

[92nina]

Despite President Obama’s promise that the deficit would be cut in half by the end of his first term, the CBO’s recent report of a $1.1 trillion deficit for FY 2012 will mark the fourth consecutive trillion dollar deficit year under this administration. As election-day nears, President Obama’s track record continues to be tarnished with his failure to keep his promises on taxes, healthcare, and now the deficit.

The economic statistics compiled by the CBO reflect the current administration’s incompetency in key areas:

	Before	Now	Change
Long-Term Unemployed1	2.7 Million	4.8 Million	+78%
Price of Gas2	$1.85	$3.85	+108%
“High Unemployment” States3	22	40	+82%
Misery Index4	7.83	9.79	+25%
“Typical” Monthly Family Food Cost5	$974	$1,021	+5%
Median Value of Single-Family Home6	$196,600	$181,500	-8%
Rate of Mortgage Delinquencies7	6.63%	10.61%	+60%
U.S. National Debt8	$10.6 Trillion	$16.2 Trillion	+53%
Median Household Income9	$54,983	$50,964	-7%

Read more: http://atr.org/president-obama-breaks-promise-reduce-deficit-a7251#ixzz29TW6Ugy0

[92nina]

$1.1 trillion deficit for fiscal year 2012.

[Vaduz]

It looks like he intended to increase the deficit not reduce deficit.
He’s done nothing to keep America strong.