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In his first speech to a joint session of Congress in 2009, President Obama promised to “cut the deficit in half†by the end of his first term. As the Associated Press said at that time: “In calling for a deficit of about $530 billion in four years, [President] Obama has established a marker by which to measure his first-term performance as president. The dollar figure could be his albatross or his badge of success.†Three years and three trillion-dollar deficits later, it’s clear that President Obama will not be brandishing any badges at this year’s State of the Union Address. Here’s more on President Obama’s broken promise to rein in the deficit:
