Downsizing the Federal Government
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Return to Debt Mountain

Last year I noted that the White House Office of Management and Budget homepage featured a call from the president to “invest in our people without leaving them a mountain of debt.” Yet, the Congressional Budget Office’s analysis of his then-current budget proposal showed that publicly held debt as a share of GDP would rise like the steep slope of a mountain under his policies. 

The president’s latest budget proposal was released in February, and according to the CBO’s preliminary analysis, Obama would once again leave “our people” with a mountain of debt:

Given that the quote is clearly embarrassing, one would think that the White House would have taken it down by now. But it’s still there.

Posted by
Tad DeHaven
on
March 22, 2011 - 4:49pm

Source URL: http://www.downsizinggovernment.org/return-debt-mountain