Didn’t He Pledge To Cut the Deficit In Half By Now? What Went Wrong?

Four years ago, President Obama said,  “… I’m pledging to cut the deficit, we inherited, by half by the end of my first term in office”. (See for yourself, at about 1:30 in.)

Reported today:  “The Congressional Budget Office made it official today, projecting a $1 trillion-plus budget deficit for the fourth straight year”.

What went wrong?  Spending.  Asked about this, the administration once again espoused the need for the repeal of Bush tax cuts for the rich.  Presumably that and Obama’s budget should fix this mess right?

This was published a little over a month ago from Veronique de Rugy at the Mercatus Center.  I thought it was worthwhile to post to help hinder the hydrant of sewage gushing from this administration and spilling all over the media.

I’m a software guy with a penchant for football, hockey, music, current events and politics — mostly current events and politics. Having driven several conversations to silence while discussing the latter items, it has been intimated that I should blog about it; to purge it from my system so that we may return to enjoying social events and cocktail parties. Kind of like drawing venom from a snakebite so that the body may return to health. The body, in this clumsy metaphor, is the social life of my wife:0) So, game on! I’ve got opinions and I hope to persuade and look forward, in return, to be persuaded.