Well at least he was close. I mean it’s not like it’s real money, right?
A new assessment of President Barack Obama’s budget says it underestimates future deficits by more than $2 trillion over the upcoming decade.
The Congressional Budget Office estimate says that if Obama’s February budget submission were enacted into law it would produce deficits totaling $9.5 trillion — an average of almost $1 trillion a year.
Obama’s budget foresaw deficits totaling $7.2 trillion over the same period.
Come on, you don’t think he’s lying, do you?