Obama Promised To Cut The Deficit In Half AND now we Know he lied.
Obama Promised To Cut The Deficit In Half, But Has Failed To Even Present A Plan That Would Bring The Deficit To Those Levels
PROMISE: Obama Pledged To Cut The Deficit In Half By The End Of His First Term. OBAMA:”And that's why today I'm pledging to cut the deficit we inherited by half by the end of my first term in office." (President Barack Obama, Remarks At The Fiscal Responsibility Summit, Washington, D.C., 2/23/09)
“President Barack Obama Plans To Cut The U.S. Budget Deficit To $533 Billion By The End Of His First Term ...” (Hans Nichols, "Obama Plans To Reduce Budget Deficit To $533 Billion By 2013," Bloomberg, 2/21/09)
One White House Official Told Politico "We'll Cut It At Least In Half.""Under White House projections, this year's inherited budget deficit of $1.3 trillion will be cut to $533 billion by fiscal year 2013, the end of the first term. ‘So we'll cut it at least in half,’ the official said." (Mike Allen, "Obama Vows To Cut Huge Deficit In Half," Politico, 2/22/09)
FAILURE: Even If Every Part Of Obama's Deficit Reduction Proposal Was Enacted, The Deficit At The End Of His First Term Would Still Be $1.33 Trillion, Over Double What He Promised. (“The President's Plan For Economic Growth And Deficit Reduction; Table S-3,” Office Of Management And Budget, 9/19/11)