Broken Promise of the Highest Magnitude!

February 23, 2009:  Newly inaugurated president Barack Obama stated:  "Today I'm pledging to cut the deficit we inherited in half by the end of my first term in office. This will not be easy. It will require us to make difficult decisions and face challenges we've long neglected. But I refuse to leave our children with a debt that they cannot repay - and that means taking responsibility right now, in this administration, for getting our spending under control."

February 23, 2009, through February 13, 2012:  The deficit each year has remained just over $1 trillion (each year, the govt spends $1 trillion more than it brings in) since Obama took office, and spending has skyrocketed, raising the national debt from $9 trillion to over $15 trillion.  Epic promise fail!

February 13, 2012:  The president initiates three websites comprising his "truth team" resources, which his supporters are encouraged to refer to in discussions with others to increase Obama's chances at re-election.  The trio of sites are called, respectively, AttackWatch.com, KeepingGOPHonest.com, and KeepingHisWord.com.  KeepingHisWord.com presents a list of promises Obama has made that he has followed through on.  Notably absent from the list is his pledge to cut the deficit in half.

Chart:  The horizontal line demarcates where Obama's 2013 budget starts, and the red line shows debt as a percentage of GDP.  Notice the sharp increase beginning in 2009, when Obama took office, and the staggeringly high level he proposes to keep it at through 2022.

And it's not that he's tried but simply underestimated the gravity of the problem.  He made a promise for purely political reasons, and has made no serious effort at all to reduce the deficit.  Spending is through the roof under his administration, in part due to gigantic stimulus initiatives and auto, insurance, and bank bailouts. 

Concerning one of the most ominous monsters threatening to completely derail our economy, the national debt and annual deficit, the president has not only ignored it, but has actively worked to feed it and grow it more monstrous.

Until I get around to blogging about exactly how the interest alone on a $25 trillion national debt will strangle our economy, you will have to use your imagination to grapple with that enormous monster which is projected to engulf this nation if Obama snakes his way into a second term.

Keeping his word?  Not when it comes to spending your money!