Showing posts with label deficit spending. Show all posts
Showing posts with label deficit spending. Show all posts

Sunday, October 7, 2012

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.


Saturday, March 17, 2012

Another Liberal Lie (#4) - " ... reduce our deficit by $4 trillion"

The lie:

“ … if Congress adopts this budget, then along with the cuts that we’ve already made, we’ll be able to reduce our deficit by $4 trillion by the year 2022 — $4 trillion.”
Obama - 11:12 A.M. EST, Mon. Feb. 13, 2012. At Northern Virginia Community College in Annandale, VA



The facts:
“Federal debt held by the public would increase from $10.1 trillion (68 percent of GDP) at the end of 2011 to $15.2 trillion (77 percent of GDP) at the end of 2017 and then to $18.8 trillion (76 percent of GDP) at the end of 2022.”
Congressional Budget Office - March Report - "An Analysis of the President's 2013 Budget"




IBD Article: CBO Exposes Obama's $2 Tril Budget Sleight of Hand
 Federal Spending: If you want to know why Washington can't get spending under control, this week provided a prime example, when the Congressional Budget Office said President Obama's "budget-cutting" plan would actually boost spending $1 trillion.
Read more …


Who are you going to vote for in the coming elections?