Obama suggested that Democrats make a “clear and convincing case for an alternative economic strategy,” a foreshadowing of how he would be different. In May 2003, he continued his attack on Bush and called on the Senate to "resist" Bush's "unprecedented $300 billion deficit," which, he alleged, was retarding growth. ("Obama Urges Congress to Resist $300 Billion Deficit," Chicago Defender, May 14, 2003). His attack made front-page news in the Defender, one of the main African-American newspapers in the city, as he prepared for his run for the U.S. Senate in 2004. Go To Site

Obama, in the third debate, on the video below within the first minute: "what I've done throughout this campaign is to propose a net spending cut.... What I want to emphasize ... is that I have been a strong proponent of pay-as-you-go. Every dollar that I've proposed, I've proposed an additional cut so that it matches." Go To Site

The President will today propose a budget for 2012 in which the U.S. government would take in $2.627 trillion and spend $3.729 trillion. The 2012 budget deficit would be $1.101 trillion, less than this year’s projected $1.645 trillion deficit. Go To Site

Democrat, Hypocrisy, Liberal, Incompetence, Obama, Financial, Waste, Debt

The Examiner reported on Oct. 26 that a May 2010 Obama state dinner for Mexican President Felipe Calderón cost nearly $1 million, or $4,700 per attendee. Three other Obama state dinners since 2009 cost half a million or more, according to official documents cited by the newspaper.

Democrat, Liberal, Government, Incompetence, Obama, Financial, Debt

According to Forbes, “Obama’s own fiscal 2013 budget ... shows federal spending increasing from $2.983 trillion in 2008 to an all time record $3.796 trillion in 2012, an increase of 27.3%” and, “before Obama there had never been a deficit anywhere near $1 trillion.” In addition, Obama had four consecutive budget deficits of over a trillion dollars and, in just one term, will “will have increased the national debt as much as all prior Presidents, from George Washington to George Bush, combined.”

Government, Incompetence, Financial

The Obama administration is forecasting that the deficit for the 2011 budget year, which begins Oct. 1, will remain above $1 trillion for a third straight year, projecting an imbalance of $1.27 trillion. And the administration predicts the imbalances over the next decade will total $8.5 trillion.

Democrat, Liberal, Incompetence, Obama, Financial, Debt

It took just 7 months for the National Debt to increase from $13 trillion on June 1, 2010 to $14 trillion on Dec. 31.

Democrat, Hypocrisy, Obama, Financial, Debt

Without naming President Bush, he said that for the last six years Americans have been told the nation's debts don't matter

Democrat, Hypocrisy, Liberal, Election, Incompetence, Obama, Video

Obama, in the third debate, on the video below within the first minute: "what I've done throughout this campaign is to propose a net spending cut.... What I want to emphasize ... is that I have been a strong proponent of pay-as-you-go. Every dollar that I've proposed, I've proposed an additional cut so that it matches."

Democrat, Liberal, Incompetence, Obama, Financial, Economy, Debt

New figures released Friday by the White House predict this year's federal budget deficit will end up at $1.2 trillion. That would make the fourth consecutive year of trillion dollar-plus deficits during President Obama's administration.