Obama Proposes a $3.8 Trillion Budget For Fiscal 2011, Deficit Projected at $1.6 Trillion

These are really mind boggling numbers, even considering the numbers from last year which were beyond mind boggling. So much for any sense of fiscal responsibility.

http://online.wsj.com/article/SB10001424052748704722304575037470289762694.html

"President Barack Obama will propose on Monday a $3.8 trillion budget for fiscal 2011 that projects the deficit will shoot up to a record $1.6 trillion this year, but would push the red ink down to about $700 billion, or 4% of the gross domestic product, by 2013, according to congressional aides.

The deficit for the current fiscal year, which ends on Sept. 30, would eclipse last year's $1.4 trillion deficit, in part due to new spending on a proposed jobs package."