MUST VIEW! MUST VIEW! Listen to Senator Sessions spell it out as it really is - not as OBAMA PRETENDS it to be.
The Congressional Budget Office estimate says that if Obama’s February budget submission were enacted into law it would produce deficits totaling $9.5 trillion – an average of almost $1 trillion a year.
Obama’s budget foresaw deficits totaling $7.2 trillion over the same period.
The difference is chiefly because CBO has a less optimistic estimate of how much the government will take in from tax revenues, partly because the administration has rosier economic projections.
(And cheats by not counting HUGE interest payments on our debt as part of the package)
The Senate is also worried about the president’s budget numbers.
This exchange between Jeff Sessions, the Republican Senator from Alabama, and Heather Higginbottom, the new nominee for Deputy Director of OMB, is from Higginbottom’s confirmation hearing, which took place yesterday. Sessions grills Higginbottom about Obama’s budget, and boy is it painful to watch HER TRY TO AVOID FACTS.
ALSO video on the fact that the world's largest investment group PIM has dropped all USA debt from their portfolio!!
DETAILED VIDEOS
http://alanpetersvideos.blogspot.com/2011/03/obama-under-estimates-his-deficit-by.html
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