Monday, February 14, 2011

Obama Sends Congress A $3.73 Trillion Budget As The Present Year's Deficit Projections Top $1.6T

Obama unveils $3.73 trillion budget for 2012

Yesterday's Sunday New York Times (which I purchased) has a front page headline noting that the newly proposed "2011/2012 Budget" has $1.1 Trillion in Savings".   They don't highlight two things:
  • This $1,100 Billion In Savings In DEFICIT Reduction Is Over A 10 Year Span
  • The PRESENT Single Budget Year Deficit Is Projected To Be Over $1,600 Billion!!!
How does one express the audacity to report on 110 Billion per year in SAVINGS when you are in the red by $1,600 billion in one year?

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