February 1, 2010 at 12:41 pm – Fox News
Dateline: Washington DC
Fox News: President Obama sent Congress a $3.8 trillion budget Monday for fiscal year 2011, pushing a plan that includes new jobs-creation programs but is projected to add nearly $1.3 trillion in deficit spending on top of the current year’s projected $1.6 trillion deficit. According to the plan, the 2011 deficit of $1.267 trillion would fund nearly the entirety of the year’s discretionary spending, which is $1.415 trillion or 37 percent of the government’s total outlays. Mandatory spending on items such as entitlements and interest payments make up the rest…..WATCH VIDEO, CLICK ON TITLE
Fiscal Insanity vs. Lies About Fiscal Insanity
Senator Gregg: ‘This Is Fiscal Insanity’
Dateline: Washington DC
“We’ve got some pretty big problems here. We need some pretty big solutions. This is fiscal insanity — to continue to grow the government the way we’re growing it, to continue to spend the way we’re spending. … We’re going to pass onto our kids a country that basically is insolvent.”....WATCH VIDEO, CLICK ON TITLE
Obama on $3.8 Trillion Budget: ‘We Won’t Be Able to Bring Down This Deficit Overnight’
Dateline: Washington DC
Fox News: President Obama sent Congress a $3.8 trillion budget Monday for fiscal year 2011, pushing a plan that includes new jobs-creation programs but is projected to add nearly $1.3 trillion in deficit spending on top of the current year’s projected $1.6 trillion deficit. According to the plan, the 2011 deficit of $1.267 trillion would fund nearly the entirety of the year’s discretionary spending, which is $1.415 trillion or 37 percent of the government’s total outlays. Mandatory spending on items such as entitlements and interest payments make up the rest…..WATCH VIDEO, CLICK ON TITLE