Obama's $1.6 trillion, 10-year target came from his 2013 budget proposal, which Congress quickly killed. The president rarely mentioned the $1.6 trillion goal in his re-election campaign. In fact, Republicans say he left many voters the impression that what he really cared about was achieving $800 billion, mainly by raising tax rates on the wealthy.Democrats reject the claim. But it hasn't stopped Republicans from accusing Obama of pulling a bait-and-switch.
GOP Throws Obama's Old Deficit Stands Back At Him
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
More than 30 investing pros with skin in the game give you actionable insight and investment ideas.