RECOVERY? NOT QUITE….JOHN MERLINE SEE NOTE PLEASE
http://news.investors.com/article/601355/201202160805/big-deficit-from-sluggish-obama-recovery.htm?
THIS IS AKIN TO A DOCTOR REASSURING A CRITICALLY ILL PATIENT THAT THE CHAPPED LIPS ARE BETTER…..RSK
President Obama told an Atlanta TV station this week that the reason he’s unable to live up to his campaign promise to cut the deficit in half is “because this recession turned out to be a lot deeper than any of us realized.”
“Everybody who is out there back in 2009,” he went on, “everybody underestimated it,” adding that “the die had been cast, but a lot of us didn’t understand at that point how bad it was going to get.”
It’s a convenient excuse, and one that, if true, would help him escape blame for a deficit that will exceed $1 trillion for the fourth year in a row this year, and will still be a sky-high $901 billion next year.
But Obama’s own budget documents show that this excuse doesn’t hold up very well. Among the revelations: READ MORE AT SITE
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