The federal budget deficit will hit $1,800,000,000,000 ($1.8 trillion) by September 30. And that is just in President Obama's first year. Here are his projected shortfalls for this and the next three years through September 30, 2012, compared with the shortfalls in all eight years of President Bush's two terms:
(Click on the graph to enlarge it in a new window.)
So, President Obama, how is that plan of yours for "a net spending cut" going?
There could be no finer proof of why one should never vote for a politician based on his promises.