WASHINGTON EXAMINER: CBO makes it offficial — Obama broke deficit pledge. “The Congressional Budget Office on Friday reported that the federal government ran a $1.1 trillion deficit in fiscal year 2012, making it official that President Obama broke his promise to cut the deficit in half within his first term in office. . . . Obama’s defenders might argue that at the time he made that statement, he didn’t grasp the full extent of the economic crisis. The problem with that argument is that he continued to restate that pledge even after the economic picture deteriorated further.”