“In the historical tables it released along with President Barack Obama’s fiscal 2014 budget proposal this morning, the White House Office of Management and Budget revealed that in fiscal 2016, under the president’s budget proposal, it expects Obama to become the first president in the nation’s history to preside over a federal government that spends more than $4 trillion in one year. The OMB’s historical tables also reveal that the White House does not expect this administration to ever run an annual deficit as low as $458.5 billion, which was the deficit the government ran in fiscal 2008, the last fiscal year completed before Obama took office.”
http://cnsnews.com/news/article/omb-obama-will-become-first-president-spend-4t-one-year
Related posts:
Ron Paul & Lew Rockwell: The Prairie Fire of Freedom
It's Federal Policy To Prosecute Gun Buyers in States With Legal Pot
Jacob Hornberger: Judicial Immunity for the Assassins
Bank run starts in Ukraine; Long Queues to Withdraw Cash
6 Whopping Government Misstatements About NSA Spying
Bank of America Analyst: Bitcoin Can Be The New Western Union
Michigan: Municipalities Ignoring Voters' Will Regarding Marijuana Liberalization Measures
Salvaging the Post Office: Turn It Into A Bank?
The European Parliament’s Pro-Tax Politicians Should Go After their Own Tax-Protected Salaries
Feds Threaten To Arrest Lavabit Founder For Shutting Down His Service
Michelle Obama’s Princeton classmate is executive of CGI Federal
We need your help to keep working for European digital rights
Journalists, Politicians Refuse to Post Lawn Sign saying "HOME IS PROUDLY GUN FREE"
Trump’s Ban on Muslims Is Unconstitutional and Obscures Real Solution
Cities reluctant to reveal whether they’re using fake cell tower devices