NH GOP - Obama's Budget: Four Straight Years of Trillion-Dollar Deficits

While Continuing Path of Spending, Taxes & Debt, Obama Breaks Promise to Cut Deficit in Half by End of First Term

Concord, NH – New Hampshire Republican State Committee Chairman Wayne MacDonald released the following statement after President Barack Obama announced his $3.8 trillion 2013 budget.

“New Hampshire voters should be alarmed by the fact that President Obama’s budget projects for the fourth straight year a deficit of $1,000,000,000,000.  On top of phony promises to cut the deficit in half by the end of his first term, taxpayers will now foot the bill for his trillion-dollar stimulus bill and his government-takeover of healthcare. 

“Our nation’s federal debt recently passed the $15 trillion mark, yet this White House seems to have no plans to slow the rate of spending or government growth that has helped pile up this enormous strain on our economy.  Obama’s deficit spending is not only holding back our economy, it is also impeding job creation and will result in more debt, more spending and higher taxes that will limit any positive growth we have.  The reality is that this budget shows that President Obama is continuing to push his party’s agenda, even though it means breaking a campaign pledge. 

“This is the type of hypocrisy that frustrates New Hampshire voters.  We’ll continue to remind Granite Staters of President Obama’s broken promise when it comes to the deficit and our nation’s debt.  Come November, we’ll send a message to the president that ‘enough is enough.’  We simply cannot continue on this fiscally irresponsible path of trillion-dollar deficits, and that’s why we need a Republican president in the White House in 2013.”

The Washington Post's Ezra Klein: "The Obama Administration Is Officially Breaking Its Promise To Halve The Deficit By The End Of Their First Term." (Ezra Klein, "Wonkbook: 5 Things To Watch In Obama's 2013 Budget," The Washington Post’s Wonkbook , 2/13/12)

The New York Times: Obama's Budget "Will Show Mr. Obama Has Failed To Meet His Pledge To Cut The Deficit In Half By The End Of His First Term." "But the document's numbers will show Mr. Obama has failed to meet his pledge to cut the deficit in half by the end of his term, and for Republicans, that will be the bottom line." (Jackie Calmes, "Obama's Budget To Focus On Cutting Deficit And Adding Jobs," The New York Times, 2/10/12)