“invest in our people without leaving them a mountain of debt.” – Barack Obama

by Tad DeHaven at Cato@Liberty

Last year I noted that the White House Office of Management and Budget homepage featured a call from the president to “invest in our people without leaving them a mountain of debt.” Yet, the Congressional Budget Office’s analysis of his then-current budget proposal showed that publicly held debt as a share of GDP would rise like the steep slope of a mountain under his policies.

The president’s latest budget proposal was released in February, and according to the CBO’s preliminary analysis, Obama would once again leave “our people” with a mountain of debt:

Given that the quote is clearly embarrassing, one would think that the White House would have taken it down by now. But it’s still there.

Tad DeHaven is a budget analyst on federal and state budget issues for the Cato Institute. Previously he was a deputy director of the Indiana Office of Management and Budget and a policy analyst with the National Taxpayers Union. DeHaven also worked as a budget policy advisor to Senators Jeff Sessions (R-AL) and Tom Coburn (R-OK). In 2010, he was named to Florida Governor Rick Scott’s Economic Advisory Council.

Editor’s note:

This is a screen shot of the White House page as of 3-23-2011:

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