Obama on Recession: ‘Less Money Coming In,’ So We Had to ‘Spend Even More’
Tuesday, July 26, 2011
By Nicholas Ballasy

President Barack Obama. (AP Photo)

(CNSNews.com) – When speaking to the nation in a primetime television address on Monday, President Barack Obama said that because less money was “coming in” during the recession, the federal government had to “spend even more.”
“The deficit was on track to top $1 trillion the year I took office,” said Obama. “To make matters worse, the recession meant that there was less money coming in, and it required us to spend even more — on tax cuts for middle-class families to spur the economy; on unemployment insurance; on aid to states so we could prevent more teachers and firefighters and police officers.

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