President Barack Obama’s fiscal 2010 budget proposal, which carries the title "A New Era of Responsibility," actually calls for a new era of irresponsibility when it comes to adding to the national debt. Obama has made the highly publicized pledge to cut the deficit “in half, ” to $533 billion, by the end of his term, and that pledge is reflected in his new budget proposal. However, this pledge is fraught with numerical chicanery.
President Barack Obama’s fiscal 2010 budget proposal owned up to a $1.75 trillion annual deficit for fiscal 2009 (the fiscal year began last October), but considering the President's overly optimistic economic assumptions the final tally probably closer to $2 trillion. The New American reported Obama’s figure three weeks ago. The official figure doesn’t count about $150 billion that will be stolen from “trust funds” like Social Security, but it’s still quadruple the 2008 record budget deficit.
“We are in the midst of a phase of history in which nations will be redefined and their futures fundamentally altered,” wrote media mogul Rupert Murdoch in a recent memo to the management staff of News Corp, his global media empire, which includes Fox TV.
“Calling all terrorists! Calling all spies! Calling all current or future enemies of the United States! Uncle Sam wants YOU to serve in the U.S. Armed Forces — in exchange for valuable military and intelligence training … AND CITIZENSHIP!”
President Obama made a number of false statements in his February 24 address to a joint session of Congress, specifically with regard to the economy and how the recession was created.