This is the cover of President Obama's last budget proposal. Whether or not the administration intended it, it is a fitting and appropriate cover because it symbolizes the mountain of debt President Obama will leave behind. His latest budget proposal increases spending by a record-breaking 4.9 percent, or $2.5 trillion over the next decade. The President's budget leaves our children and grandchildren burdened with an unfathomable mountain of debt, regulations, and taxes; and like every other budget he has presented, it never balances. This budget is reckless and unconscionable. When President Obama took office on January 20, 2009, the national debt was $10.6 trillion; yet Mr. Obama has increased the national debt to $19 trillion, and this budget would increase our national debt to $27.4 trillion over the next decade--more than twice the debt when he first took office. This cover will be part of the Archives of the United States. It will be a fitting historical record for the mountains of debt it represents. ____________________
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