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<blockquote data-quote="moreluck" data-source="post: 1000664" data-attributes="member: 1246">Re: ObamanomicsThen again, does anyone actually believe Obama when he says he wants to pay down the debt?Via <a href="http://washingtonexaminer.com/wh-predicts-1.2-trillion-deficit-as-obama-campaigns-on-debt-reduction/article/2503354?custom_click=rss" target="_blank">Washington Examiner</a>:President Obama’s budget director predicted a $1.2 trillion budget deficit for 2012 today, which prompted one senator to call for the president to pull down a Obama campaign ad that promises to “pay down the debt.”

“For 2012, the deficit is now projected to be $1.211 trillion, $116 billion lower than the $1.327 trillion deficit projected in February,” Jeff Zients, director of the Office of Management and Budget, <a href="http://www.whitehouse.gov/blog/2012/07/27/fact-check-bust-winston-churchill" target="_blank">wrote</a> on the White House blog. “This reflects lower-than-expected spending, partially offset by lower-than-expected receipts.”
His projection comes just days after Obama released a campaign advertisement that proposes “asking the wealthy to pay a little more so that we can pay down our debt in a balanced way.”

 Zients alluded to the tax increase proposal when he said that “Congress can and must enact a comprehensive and balanced deficit reduction package, along the lines of the President’s Budget” — a budget unanimously rejected by the House and the Senate.
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[QUOTE="moreluck, post: 1000664, member: 1246"] [b]Re: Obamanomics[/b] Then again, does anyone [I]actually[/I] believe Obama when he says he wants to pay down the debt? Via [URL="http://washingtonexaminer.com/wh-predicts-1.2-trillion-deficit-as-obama-campaigns-on-debt-reduction/article/2503354?custom_click=rss"]Washington Examiner[/URL]: [INDENT]President Obama’s budget director predicted a $1.2 trillion budget deficit for 2012 today, which prompted one senator to call for the president to pull down a Obama campaign ad that promises to “pay down the debt.” “For 2012, the deficit is now projected to be $1.211 trillion, $116 billion lower than the $1.327 trillion deficit projected in February,” Jeff Zients, director of the Office of Management and Budget, [URL="http://www.whitehouse.gov/blog/2012/07/27/fact-check-bust-winston-churchill"]wrote[/URL] on the White House blog. “This reflects lower-than-expected spending, partially offset by lower-than-expected receipts.” His projection comes just days after Obama released a campaign advertisement that proposes “asking the wealthy to pay a little more so that we can pay down our debt in a balanced way.” Zients alluded to the tax increase proposal when he said that “Congress can and must enact a comprehensive and balanced deficit reduction package, along the lines of the President’s Budget” — a budget unanimously rejected by the House and the Senate. [/INDENT] [/QUOTE]

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