Obama's Broken Deficit Promise

BROKEN PROMISE "When I was sworn in as President, I pledged to cut the deficit in half by the end of my first term. The budget I'm proposing today meets that pledge ..." - President Obama, 2/14/11 OBAMA'S FAILED PLEDGE TO HALVE THE DEFICIT Obama's Pledge Vs. Obama's Spending 1,500 Actual $1,294 Billion $1,299 Billion $1,327 Billion * 1,250 $1,171 Billion Projected 1,000 - $901 Billion $912 Billion Obama's budget spends $368B more 750 500 $581 Billion $533 Billion Obama's Promise 250 FY2010 FY2011 FY2012 FY2013 When Obama took office, he promised to cut the deficit by more than half, to $533 billion, by the end of his first term. Three years and three record deficits later, Obama will fall $368 billion short of his promise. In the process, Obama has added $4.8 trillion to the national debt and presided over the first downgrade of our nation's credit rating. REPUBLICAN NATIONAL COMMITTEE - RESEARCH DEPARTMENT GOP.com & RNCResearch.Tumblr.com Paid For By The Republican National Committee Sources: 310 First Street SE, Washington, DC 20003 Office Of Management & Budget, Accessed 2/20/12 Not Endorsed By Any Candidate Or Candidate's Committee President Barack Obama, Remarks By The President At Parkvile Middle School, Baltimore, MD, 2/14/11 Budget Deficit (Billions of Dollars)