healthmyths
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- Sep 19, 2011
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President Obama explained the budget he'll rollout next week, and said, "the truth is, our deficits are already shrinking."
Obama: 'The Truth Is, Our Deficits Are Already Shrinking' | The Weekly Standard
Let's look at the FACTS as to what Obama is projecting for 2013 through 2015.. NOT ONE reduction in OUTLAYS!
In Trillions
Obama's "deficits" reduced NOT because government outlays are less.. they are growing by average of 3.1% so much for CUTS!
The are growing because Obama is assuming INCREASING Tax revenue by an average of 10.7% a year!
MORE tax increases on tax payers, Obamacare kicking in collecting tax revenue and NOT one dime as he is fond of saying being REDUCED!
Again folks this is from HIS budget!!!
Obama: 'The Truth Is, Our Deficits Are Already Shrinking' | The Weekly Standard
Let's look at the FACTS as to what Obama is projecting for 2013 through 2015.. NOT ONE reduction in OUTLAYS!
In Trillions
- Year Receipts Outlays deficit % Outlays increase
- 2011 $ 2.303 $3.603 $1.300
- 2012 2.469 3.796 $1.327 5.4% up
- 2013 2.902 3.803 $ .981 .2% up
- 2014 3.215 3.883 $ .668 2.1% up
- 2015 3.450 4.060 $ .610 4.6% up
Obama's "deficits" reduced NOT because government outlays are less.. they are growing by average of 3.1% so much for CUTS!
The are growing because Obama is assuming INCREASING Tax revenue by an average of 10.7% a year!
MORE tax increases on tax payers, Obamacare kicking in collecting tax revenue and NOT one dime as he is fond of saying being REDUCED!
Again folks this is from HIS budget!!!