Obama On Failed Promise To Cut Deficit In Half

In 2009, Obama pledged to cut the deficit in half by the end of his term. On Monday, he officially broke that promise, by unveiling a budget with the fourth consecutive deficit in excess of a trillion dollars. By the end of 2012, the national debt will exceed $16 trillion and by 2022, a whopping $25.9 trillion. Obama's budget is a failure of leadership. The White House seems utterly unconcerned with the unsustainable trajectory of the national debt. In pursuit of their agenda, they refuse to be inconvenienced by insolvency. Their nonchalance is as appalling as it reckless.

• 2012-02-15T19:02:56+00:00
• Duration: 01:24

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