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Projected Federal Deficit

Projected Federal Deficit

The following appeared on American as its Graph for the Day, May 6, 2011.

We have to live within our means, reduce our deficit, and get back on a path that will allow us to pay down our debt. … [D]oing nothing on the deficit is just not an option. Our debt has grown so large that we could do real damage to the economy if we don’t begin a process now to get our fiscal house in order.

- President Barack Obama, Debt Speech at George Washington University, April 13, 2011

One of the phoniest, most demagogic speeches from a sitting U.S. president in recent memory. This after punting on his own budget. A disgrace. [1]

- Stephen Hayes, Senior Writer, The Weekly Standard; Fox News Contributor

The first move was Obama’s February budget submission – the one that portrayed trillion-dollar deficits dancing toward an infinite horizon to the tune of “Don’t Worry, Be Happy.” Obama ignored the fiscal predicament in which we find ourselves, and it was not just Republicans who called him on it (the Washington Post, for one, called him the “Punter-in-Chief”).

- Tod Lindberg, The Weekly Standard, April 25 / May 2, 2011


FY 2012 Budget: 10-Year Deficit Projections - 2011 to 2021:

President’s Budget: Debt held by public as percent of GDP ~ 69.1 % in 2011 and 87.4 % in 2021

Republican Budget: Debt held by public as percent of GDP ~ 68.8 % in 2011 and % in 2021

Janice Shaw Crouse, Ph.D., author of “Children at Risk” (Transaction, 2010) and the forthcoming, “Marriage Matters,” late 2011, is Senior Fellow, The Beverly LaHaye Institute, Concerned Women for America.

[1] Stephen Hayes,!/stephenfhayes/status/58236739579424768

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