President Obama, meet President Obama on the federal budget 

There's this President Obama:

"We have to live within our means." --- Today at George Washington University

Then there's this President Obama on Feb. 12, 2011, when he unveiled his 2012 budget proposal, which included this table on his projection of the national debt, based upon spending as he proposed:

Table S-14. Federal Government Financing And Debt; Total, Gross Federal Debt

Actual 2010: 13,529 [Billion Dollars]

2011 Estimate: 15,476 [Billion Dollars]

2012 Estimate: 16,654 [Billion Dollars]

2013 Estimate: 17,750 [Billion Dollars]

2014 Estimate: 18,761 [Billion Dollars]

2015 Estimate: 19,776 [Billion Dollars]

2016 Estimate: 20,825 [Billion Dollars]

2017 Estimate: 21,867 [Billion Dollars]

2018 Estimate: 22,924 [Billion Dollars]

2019 Estimate: 24,023 [Billion Dollars]

2020 Estimate: 25,165 [Billion Dollars]

2021 Estimate: 26,346 [Billion Dollars]

(Fiscal Year 2012 Budget Of The U.S. Government Summary Tables, The White House, 2/14/10, P.203)

In other words, using Obama's own numbers, he projects the national debt to increase from just under $14 trillion in 2011 to more than $26 trillion in just 10 years, as a result of his spending policies.

And then Washington politicians wonder why nobody believes what they tell us.

 

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Mark Tapscott

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