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Old 02-16-2011
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As a matter of principle, Obama should recall his 2012 budget. In his first budget in 2009 he called for "A New Era of Responsibility". He promised to cut the deficit to $912 billion by 2011 and to $581 billion by 2012. The reality is twice that size. But then when he campaigned, he promised to cut the deficit in half by the end of his first year. In reality it quadrupled. Forgive me if I don't buy even his weak promises of deficit reduction this year.
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