Skip to comments.New Math: President Obama Exaggerates Deficit Savings
Posted on 01/16/2013 4:01:10 AM PST by IBD editorial writer
At his press conference this week, President Obama made it seem as though the job of getting the government's deficits under control is nearly done.
"The consensus is we need about $4 trillion to stabilize our debt and our deficit," he told reporters, "which means we need about $1.5 trillion more." [snip]
But a closer look at the numbers shows that Obama is exaggerating how much deficit reduction he's actually achieved, and is being decidedly Pollyannaish about the nation's still massive long-term budget gap and what will be needed to close it.
(Excerpt) Read more at news.investors.com ...
If Obama was right that we needed 4 billion, then we need 8 billion now since his fiscal cliff victory cost us 4 billion versus the infamous baseline. More importantly we need 8 billion of real new cuts not his phantom / double counted/old variety accounting tricks
Deficit reductions and savings????????????
He’s a crackhead with a bag full of our cash on a freebase smoking spree! 0scumbag’s a delusional marxist, socialist, fascist. commie, racist, muslim, hate-America, liar, lowlife, dirtbag POS!
The problem is that Obama seems to be math illiterate. As are many of his voters. Borrowing to pay bills is simply not sustainable.
"There is," the commission said, "no easy way out of our debt problem."
That would require weaning politicians off of dependent voters. Nope, not going to happen, keeping politicians from buying votes is hard.
“O” and his crowd do NOT comprehend personal effort, achievement, merit, hard-won success OR of course, the material development which grows out of this (Read: wealth).
Naturally and wholly without compunction, they feel entitled to play fast and dirty with the wealth of others which by the way, THEY feel accumulates to the rich because the rich have stolen it from someone ELSE, who worked for it.
The FIFTH GENERATION voluntary bust-out screaming for MORE and MORE of honest taxpayers income to get big screen TVs and free everything HAD wealth that some rich guy diddled him out of? Really?
If anyone would objectively break down the preposterous foundation of Liberals claims, they couldnt do it with a straight face.
My grandparents came here in the 20s and worked like maniacs in conditions no one on earth would call humane or rewarding. But, the work was there and it would be insane or criminal not to go and get it.
My grandfather robbed NO ONE. He possessed nothing at the expense of the next person. What ever he OWNED he killed himself in a coke mill to get (the most dirty and dangerous work around). He went to work sick and worn out until he was in his 70s and walked there because he didnt own a car. He didnt sit around whining because he couldnt get into the country club or drive a Rolls Royce!
I am so tired of the lies Liberals throw around! And I am tired of being called ugly names when I am struggling to stay off the dole MYSELF and by virtue of THAT, I AM SUPPORTING the very people who are being demanding and ugly!
Someone must publish a list of straightforward definitions of all the technical terms and euphemisms the politicians use. Some terms I would like to have correctly defined include (with my simplistic proposed definition). Please weigh in.
Revenue: taxes, fees and penalties the government collects
Deficit - the amount we spend (or plan to spend) beyond what we collected.
National debt - the amount the federal government has borrowed, to date, to pay the deficits so far.
Politicial - (not suitable for a family audience)
Ditto everything you said. x10.
This is what happens when Democrats have been in control of a state for years. Just imagine how the rest of the country will look after Obama’s home state sets the example.
1 in 3 Illinoisans lives in or near poverty level: report
by maudlyne ihejirika Staff Reporteremail@example.com January 15, 2013 8:32PM
Updated: January 16, 2013 2:26AM
A staggering one out of three Illinoisans today lives in or near poverty the peak of a continued climb over three decades, a new study finds.
It means one in five Illinois children are living in poverty, according to the study released Wednesday by the Social IMPACT Research Center of Chicagos Heartland Alliance for Human Needs & Human Rights.
He must have learned Math from Calypso Louie.
"He's not exaggerating at all. He's lying."
The problem is, whatever Obama says that isn't publicly and forcefully challenged by Republicans becomes the "truth" in the new culture. If Obama keeps repeating that he "cut the deficit" with his "balanced approach", and the only Repub response is to have its leader mumble and start crying, there are enough low-IQ, low-information people out there who will believe him.