Obama budget: National debt will be $1 trillion higher in a decade than forecast

Declaring that he was seeking "an economy that is built to last," President Obama unveiled an election-year budget blueprint Monday that would spend more on roads, college aid, renewable energy and incentives for American manufacturing while hiking

Now, these presidential budgets aren't even worth the paper they are printed on. Obama's first budget projected a $581 billion deficit for this year; we are actually $1.33 trillion in the red. But this budget barely touches Social

Copies of President Barack Obama's fiscal 2013 federal budget arrive at the House Budget Committee on Capitol Hill in Washington on Feb. 13, 2012. (AP Photo/J. Scott Applewhite) WASHINGTON – President Barack Obama proposed tax increases on wealthy

Now, these presidential budgets aren't even worth the paper they are printed on. Obama's first budget projected a $581 billion deficit for this year; we are actually $1.33 trillion in the red. But this budget barely touches Social

Declaring that he was seeking "an economy that is built to last," President Obama unveiled an election-year budget blueprint Monday that would spend more on roads, college aid, renewable energy and incentives for American manufacturing while hiking