Posted on 04/11/2013 9:47:23 AM PDT by Nachum
When President Obama released his first budget — entitled with no hint of irony, “A New Era of Responsibility” — he projected that deficit spending over the next five fiscal years (2010-14) would total $3.767 trillion. Now, Obama has released his fifth budget (which doesn’t seem to have a name). In it, he says that deficit spending over that same 5-year span (2010-14) will instead total $5.398 trillion. (This includes three years that are already on the books — see Table 1.1.) So Obama now admits that his original 5-year projection was off by $1,631,000,000,000.00 — or 43 percent.
(Excerpt) Read more at weeklystandard.com ...
The list, Ping
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Close enough for government work.
Obama is an idiot.
What happened to his campaign promises to cut the deficit in half?
No wonder he never released his college documents. Based on what I’ve seen of the numbers he comes up with, 0bama was probably in the bottom quartile on the math part of the SAT.
Numbers just aren’t his forte.
Lest anyone else was confused by the story.
The projection was written in early 2010 apparently. It looks thorough and polished.
It was overly optimistic because, the one group that can actually reduce unemployment and the deficit is small business.
This administration and its political party have and will shun this group. Small business continues to be hammered by regulation and the legal profession. Try complying with ADA while having attorneys extort money for pay or sue.
They don’t count the same in Indonesia
You know he’ll blame others for his failures.
The Ivy Leaguers 1989-present are doing a heck of a job with our balance sheet.
Good thing Palin isn’t in there. s/
From Obama’s perspective an offset of a trillion would be easy to make. Shoot the conversion from dollars to Indonesian Rupiah is almost 10000 to 1. /sarcasm
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