In the historical tables it released along with President Barack Obama's fiscal 2014 budget proposal this morning, the White House Office of Management and Budget revealed that in fiscal 2016, under the president's budget proposal, it expects Obama to become the first president in the nation's history to preside over a federal government that spends more than $4 trillion in one year.
The OMB's historical tables also reveal that the White House does not expect this administration to ever run an annual deficit as low as $458.5 billion, which was the deficit the government ran in fiscal 2008, the last fiscal year completed before Obama took office.
According to OMB's tables, the federal government would spend$3.7778 trillion in fiscal 2014 under Obama's budget proposal. It would then spend $3.9801 trillion in fiscal 2015; $4.0898 trillion in fiscal 2016; and $4.2474 trillion in fiscal 2017.
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8 comments:
"Reparations president"
DON'T YOU GET IT?
He is also the first President with Marxist tendencies.
Awe shucks, who we kiddin'...
He's a full blown Commie with Commie and islamofacist friends.
What an idiot to preside over anything.
Ok, I got it Joe.
8:16 The idiots are the Democrats that voted for him.
First President to Bankrupt America. And the Liberal Socialists yell: YES WE CAN. Pathetic.
Anonymous said...
8:16 The idiots are the Democrats that voted for him.
April 11, 2013 at 10:49 PM
In his first election or his second? You do remember in his first campaign young college kids were his biggest supporters? You do also realize that some of these college kids will become some of our leaders? How many of those kids was democrats? Repubs?
1:am. Your statement is why so many us intelligent Americans are so concerned. These kids support a Socialist, lying, person with sealed college records, no history of Selective Service registration, and carries a Social Security card that was once owned by a man in Connecticut who is now dead. If these kids are our future leaders we are in deep ship.
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