Remember the Payroll Tax Cut that Obama said would save every hard-working Amercian an extra $40.00 per week?
Remember how Obama said that Republicans did not care about the middle class because they were against the unemployment extension tied to the tax plan?
What did you spend your $40.00 on this week?
WASHINGTON — A new estimate from congressional economists says the government will run a $1.2 trillion deficit for the budget year ending just a few weeks before Election Day. It would be the fourth straight year of trillion dollar-plus deficits.
The almost $100 billion spike from earlier projections for the fiscal 2012 deficit comes almost exclusively because Congress passed legislation recommended by President Barack Obama to renew a 2 percentage point cut in payroll taxes and jobless benefits for people languishing on unemployment rolls for more than six months.
We are so boned!