Battle Born PAC's Blog

Even the mainstream media is calling out President Obama's budget proposal for its fiscal insanity:

Despite the budget cuts and tax increases in the Administration's new budget plan, federal spending and indebtedness will continue to rise as far as the eye can see.

The federal deficit this year spikes to $1.75-trillion dollars -- by far the largest in U.S. history. In fact, the deficit this year is larger than the entire federal budget just ten years ago when all government outlays amounted to $1.70-trillion.

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[I]f you check the very last chart in the budget book, it shows the National Debt continuing to soar year after year after year.

As of today, it's $10.8-trillion. The administration projects it'll climb to $14-trillion next year and in 2013 wind up at $17.1-trillion dollars -- very close to matching the size of the entire economy as measured by the projected Gross Domestic Product. And taxpayers will be paying hundreds of billions in interest on the debt each year.

The budget, which carries the title "A New Era of Responsibility," shows that at the end of ten years, the National Debt will hit $23.1-trillion dollars -- exactly matching the GDP that year.