Obama Economic Plan Would Explode Debt to $25.4 Trillion

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Wynton Hall @ Big Government:

In presidential campaign ads, President Barack Obama claims that his economic plan includes “$4 trillion in deficit reduction.” For a president who has increased the national debt more than all U.S. presidents from George Washington to George H.W. Bush combined, the claim seems incredible. Indeed, it is.

A new analysis of Mr. Obama’s budget reveals the president’s plan would add $10.6 trillion in debt accumulation over the next decade, bringing the U.S. federal debt to a jaw-dropping $25.4 trillion.

Still, the president and his surrogates continue to claim the Obama plan would cut spending. “The President’s proposals… include a balanced deficit reduction plan that would reduce our deficits by $4 trillion over 10 years,” said White House Press Secretary Jay Carney in June.

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Obama’s ”plan” is like the fat lady’s ”diet.”
You know….
“I’ll have a double cheeseburger, your largest fries, a piece of that decadent chocolate cake and a DIET COLA.”
Yeah, that’ll work.