Obama's Deficit Reduction Claims - More Lies!!

As political pundits delve into Obama's poor debate performance, not as much attention is being bestowed upon what he actually said Wednesday evening. The President repeated his thoroughly debunked deficit reduction claims, claims even his own budget plan proves to be false.

Hear what he said:

Listen to what he said at “Debate Dissembling: Obama's Own Budget Proves His Deficit Reduction Claims Wrong”.  [Click & Scroll down to the video]

Accuracy: At one point in Wednesday night's debate President Obama boasted about his "balanced" plan to cut the projected 10-year deficit by $4 trillion. One problem: His own budget exposes this claim as flat-out false.

Read More At IBD: http://news.investors.com/ibd-editorials/100412-628242-obama-massive-deficit-cutting-fib-.htm#ixzz28Z9Nxd7q

Interestingly, the link [http://www.whitehouse.gov/sites/default/files/omb/budget/fy2013/assets%20/budget.pdf], provided in the IBD article to Obama’s budget plan at has been taken down.  Gee … I wonder why?  No matter, I found it here. http://www.whitehouse.gov/sites/default/files/omb/budget/fy2013/assets/budget.pdf

Review the President’s own budget document.  For those who don’t want to wade through pages of numbers, I’ve provided a highlighted page[206] from Obama’s own budget that clearly refutes his false claim about what he's doing for reduction of the deficit from the first 2012 presidential debate.

Those who want an unbiased review of his budget complete with graphical charts can be viewed at A Congressional Budget Office Analysis of the President’s 2013 Budget.

Now … I don’t know about you, but in my view a $1.98 trillion deficit reduction is more than a little short of the $4 trillion claim made by Obama.

It’s just one more proof that he will say anything he thinks will get him re-elected.  Just whose interest is he looking out for?  Certainly not American citizens.

Tell Me Again Whose Fault It Is!

I think most of us know this but it is a good reminder with all the INVALUABLE information coming out of the present administration!

This tells the story, why Bush was so bad at the end of his term. Don't just skim over this, it's not very long, read it slowly and let it sink in. If in doubt, check it out.

The day the democrats took over was not January 22nd 2009; it was actually January 3rd 2007 the day the Democrats took over the House of Representatives and the Senate, at the very start of the 110th Congress. The Democrat Party controlled a majority in both chambers for the first time since the end of the 103rd Congress in 1995.

For those who are listening to the liberals propagating the fallacy that everything is "Bush's Fault", think about this: January 3rd, 2007 was the day the Democrats took over the Senate and the Congress.

At the time:

The DOW Jones closed at 12,621.77
The GDP for the previous quarter was 3.5%.
The Unemployment rate was 4.6%
George Bush's Economic policies SET A RECORD of 52 STRAIGHT MONTHS of JOB GROWTH.

Remember the day...January 3rd, 2007 was the day that Barney Frank took over the House Financial Services Committee and Chris Dodd took over the Senate Banking Committee. The economic meltdown that happened 15 months later was in what part of the economy?
BANKING AND FINANCIAL SERVICES!

Unemployment... to this CRISIS by (among MANY other things) dumping 5-6 TRILLION Dollars of toxic loans on the economy from YOUR Fannie Mae and Freddie Mac FIASCOES!

Bush asked Congress 17 TIMES to stop Fannie & Freddie – starting in 2001 because it was financially risky for the US economy. And who took the THIRD highest pay-off from Fannie Mae AND Freddie Mac? OBAMA! And who fought against reform of Fannie and Freddie? OBAMA! and the Democrat Congress.

So when someone tries to blame Bush, REMEMBER JANUARY 3rd,2007.... THE DAY THE DEMOCRATS TOOK OVER!

Budgets do not come from the White House. They come from Congress. The party that controlled Congress since January 2007 is the Democrat Party. Furthermore, the Democrats controlled the budget process for 2008 & 2009 as well as 2010 & 2011. In that first year,the Democrats had to contend with George Bush, who caused them to compromise on spending, when he somewhat belatedly got tough on spending increases.

For 2009 though, Nancy Pelosi & Harry Reid bypassed George Bush entirely, passing continuing resolutions to keep government running until Barack Obama could take office. At that time, they passed a massive omnibus spending bill to complete the 2009 budgets.

And where was Barack Obama during this time? He was a member of the very Congress that passed all of those massive spending bills, and he signed the omnibus bill as President to complete 2009.

If the Democrats inherited any deficit, it was the 2007 deficit, the last of the Republican budgets. That deficit was the lowest in five years,and the fourth straight decline in deficit spending. After that, Democrats in Congress took control of spending, and that includes Barack Obama,who voted for the budgets.

If Obama inherited anything, he inherited it from himself. In a nutshell, what Obama is saying is I inherited a deficit that I voted for and then I voted to expand that deficit four-fold since January 20th.