CBO CONFIRMS FOURTH CONSECUTIVE YEAR of TRILLION - DOLLAR DEFICITS Under OBAMA AND DEMOCRAT..

The Congressional Budget Office (CBO) reported on Friday that the budget deficit for 2012 was $1.1 trillion and was only $200 billon less than 2011's deficit because Oct.1, 2011 fell on a weekend. 

The Hill noted, "without the assistance from the calendar, the deficit in 2012 would have been $30 billion larger than reported."

Every year President Obama has been in office, the annual deficit has been above $1 trillion despite the president's promise to cut the annual deficit in half in his first term. The country's debt is over $16 trillion. 

CBO Confirms Fourth Consecutive Year of Trillion-Dollar Deficits Under Obama: CLICK  FOR  MORE..