White House Celebrates Budget Deficit Shrinking Below $1 Trillion
Somehow I don’t trust his numbers. As much as Obama loves to spend there is no way the deficit is going down.
Check it out:
The Obama Administration took a victory lap of sorts on Monday when its White House budget office annual mid-session review showed the 2013 deficit may be under $1 trillion for the first time in President Barack Obama’s presidency.
“The 2014 Budget demonstrates that we do not need to choose between making critical investments necessary to help grow our economy and support middle class families and continuing to cut the deficit in a balanced way,” wrote Obama’s new budget director Sylvia Mathews Burwell.
The White House’s latest projections put the 2013 deficit at $759 billion, a figure $214 billion lower than Obama’s $973 billion budget number.
Senate Budget Committee Ranking Member Jeff Sessions (R-AL) said the White House’s latest numbers were no cause for celebration.