In his first three budgets, Mr. Obama borrowed nearly $5 trillion. Currently, the government is borrowing about 45 percent of everything it spends. Mr. Obama’s projected 10-year plan would add nearly $10 trillion to existing national debt. In spring, he proposed the largest annual deficit in U.S. peacetime history, which is why his $3.7 trillion budget for 2012 was rejected in the Senate by a 97-0 vote.

via HANSON: Obama in recovery – Washington Times.

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