Obama Pledges To Halve The Deficit

President Obama says he’ll cut the deficit in half by the end of his first term.  That is quite a promise.  How does he do it?  By more taxes on those making more than $250,000/year, by getting out of Iraq, and by more efficient government.

“The deficit this administration inherited was $1.3 trillion or 9.2 percent of GDP. By 2013, the end of the president’s first term, the budget cuts the deficit to $533 billion or 3.0 percent of GDP,” said the official who spoke on condition of anonymity.

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By: Alan

Alan Colmes is the publisher of Liberaland.