Obama Overstates His Inherited Deficit By $500 Billion

“President Obama was disingenuous today when he said that the budget deficit he faced “when I walked in the door” of the White House was $1.3 trillion…That totals $800 billion. That was the real deficit Obama inherited.”

- Dick Morris

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Deficit Reduction Commission

“We only hope Republicans aren’t foolish enough to fall down this trap door, though some are already tempted. A budget deficit commission is nothing more than a time-tested ploy to get Republicans to raise taxes.

- Wall Street Journal

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