The Hill News

For an Administration concerned about fiscal discipline and spending cuts, a $3.73 trillion budget seems to be a contradiction. Obama’s budget for 2012 increases the deficit to $1.6 trillion. It also creates over $1.6 trillion in new taxes. 

Though Obama pledges $1.1 trillion in deficit savings, one should be quick to realize those savings are only after the deficit is increased to an all-time high of $1.6 trillion. The math does not seem to add up. At the end of 2012, the U.S. deficit will set a devastating record for the highest dollar amount in history and will also represent 10.8 percent of the total economy. This is the highest level since World War II.

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