Another failed Obama promise 

If you will recall, Caesar Obammus promised in 2009 that he would “cut the deficit we inherited by half by the end of my first term in office.”

How has he lived up to that promise?

Not only has he broken that promise, but he has crushed it.  For the first three years of Obama’s presidency, he increased our deficit by over $1 trillion every year: $1.4 trillion in 2009, $1.3 trillion in 2010 and $1.3 trillion in 2011.

The CBO has recently crunched some numbers and it looks like Obama is on track to have another banner year of $1 trillion+ deficits.  The CBO predicts that the deficit will rise $1.08 trillion in 2012.

To put all of this into perspective, the largest deficit that our country had ever run before 2008 was $458 billion.  Thus, even though Obama’s deficit for 2012 is projected to be the lowest of his administration, don’t be fooled.  It will be, by far, the largest deficit ever recorded between 1947 and 2008.

What’s the result of this big-government spending?  The CBO estimates that the jobless rate will rise to 8.9% by the end of 2012 and to 9.3% in 2013.