naturegirl
Rolling down the highway
In his speech yesterday. Seems like it would have been a good day for him to let his new press secretary handle things. LOL
Politifact gives him a big FALSE on this one!!
http://www.politifact.com/truth-o-meter/statements/2011/feb/15/barack-obama/barack-obama-says-white-house-budget-would-not-add/
Politifact gives him a big FALSE on this one!!
Would the president’s budget really mean that within a couple years, the U.S. will "not be adding more to the national debt."
First, a bit of background about the budget. Every year in early February, the president releases a budget with detailed proposals for federal spending, laid out department by department and program by program. It is not a binding document. Rather, it is traditionally the opening proposal in the annual fight over federal spending, with Congress ultimately charged with passing spending bills that the president is asked to sign.
The administration’s budget document includes 10 years of future projections for federal outlays, revenues, deficits and accumulated debt. These are the tables we turned to first.
We’ll also remind readers that a deficit occurs when a given year’s worth of revenues is smaller than that same year’s spending. By contrast, the term "debt" refers to the accumulated total of past deficits, minus any surpluses.
http://www.politifact.com/truth-o-meter/statements/2011/feb/15/barack-obama/barack-obama-says-white-house-budget-would-not-add/