Only $1.6 trillion? Maybe we shouldn’t be so hard on him.
Via Weekly Standard:
When President Obama released his first budget — entitled with no hint of irony, “A New Era of Responsibility” — he projected that deficit spending over the next five fiscal years (2010-14) would total $3.767 trillion. Now, Obama has released his fifth budget (which doesn’t seem to have a name). In it, he says that deficit spending over that same 5-year span (2010-14) will instead total $5.398 trillion. (This includes three years that are already on the books — see Table 1.1.) So Obama now admits that his original 5-year projection was off by $1,631,000,000,000.00 — or 43 percent.