When Barack Obama became president, he vowed to reduce deficit spending. Working with supporters in Congress, he increased it.
Now Obama wants voters to believe his plan to cut deficit spending is more appealing than one suggested by his opponent in the presidential election, Mitt Romney.
Financial Year
Obama says he has a plan to reduce deficit spending by about $4 trillion during the next decade. Actually, as analysts point out, that simply isn't true.
Budget Deficit
About $2 trillion of the amount Obama is counting already is part of a long-term plan approved only because conservatives in Congress insisted on it.
Nearly $600 billion more is "savings" that would have occurred anyway because of troop reductions in Iraq and Afghanistan.
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