Skip to comments.Obama: Unbalanced Budget 'Doesn't Spend Beyond Our Means'
Posted on 04/08/2013 2:10:06 PM PDT by Sub-Driver
Obama: Unbalanced Budget 'Doesn't Spend Beyond Our Means' April 8, 2013 By Fred Lucas
(CNSNews.com) President Barack Obama said his budget--to be released Wednesday--would not spend beyond our means.
Its a budget that doesnt spend beyond our means, and its a budget that doesnt make harsh and unnecessary cuts that only serve to slow our economy, Obama said Saturday during his weekly address. Well keep our promise to an aging generation by shoring up Medicare, and well keep our promise to the next generation by investing in the fundamentals that always made America strong--manufacturing, innovation, energy and education.
However, on Friday, White House Spokesman Jay Carney did not say the president's budget would ever balance the federal accounts. Instead, he said it would reduce the "deficit." The deficit is the amount the government spends above and beyond revenue in any given year. Deficit spending is financed by the government borrowing money and increasing the national debt.
The federal debt now exceeds $16.7 trillion.
In addition to replacing the sequester, we would have an additional $600 billion in deficit reduction bringing us to $4.3 trillion overall over a decade, which exceeds the goal set by bipartisan commissions, Carney said.
The Congressional Budget Office said in its March Monthly Budget Review, If lawmakers enacted no further legislation affecting spending or revenues, the federal government would end fiscal year 2013 with a deficit of $845 billion.
(Excerpt) Read more at cnsnews.com ...
If the government revenues are it’s means and we are spending more than our revenues, how are we not spending more than our means?
“Means” to print money, that is.
Don't be so silly. Everyone knows that borrowed money is revenue, particularly when you have no intention of paying it back.
Documentation File on the harmful impact of the Counterculture of Obamanation on America.
Barry Soetoro, aka B. Hussein Obama, 5 days before the end of GWBs Presidential term, told The Gullible the following: We are five days away from FUNDAMENTALLY TRANSFORMING THE UNITED STATES OF AMERICA!
Going on 5 years now, the best friends that Obama could have had to help him achieve his above stated dastardly goal were the RINO leaderships in the US House and Senate, AND THEY ARE STILL IN POWER!
IMHO, the Counterculture of Obamanation will continue to destroy America for as long as the US Congressional RINOs allow it to, and not one minute more!
. . . to print up new money.
You’re never out of money if you still have blank checks.
OBAMA's Communist government is what is slowing down the economy.
Other than his expressed desire to ruin Free America, does nobama have any sense of what he is talking about? nobama is such a loser. nobama should be in prison.
Please tell me, does borrowing $.40 of every $1 spent mean we're spending beyond our means?
I realize that for a
communist community organizer that math is hard, but still, this should be pretty simple.
Have a nice day, and try not to do too much transformation on us.
Your "subjects"... NOT!!!
Hey Barak or is it Barry (your adopted name),
Where is he transcripts from college, so let the American People Guess your classes and grades
Economics 101 F
Ethics 201 F
Remedial Math 005 F
College Math 104 I
Sociology 200 C
History of Marxism 305 A
Communist Thought and Politics 309 B
World History 100 I
Basketball 101 F
Golf 104 F
Russian Constitutional History 109 C
Muslim 101 D
Chinese History 401 C
Black Liberation Theology I
Colleges Attended - Occidental University, Columbia University, Semesters abroad - University of Moscow, University of Beijing, Venezuela University - Caracas, University of Riyadh, Saudi Arabia.
Note this is pure speculation, but who knows it may be actually true.
he = the lately the ts do not type. will have to get a new keyboard or a new finger.
leftists have a different definition than we do
Baraqqi/Bernanke/Geithner minibucks funded the entitlements that purchased the 2012 election.
So lets see what they can do for 2014.
white house closed, but he has money to fly these parents, hand picked parents for a photo op, have his daughters and pals go on vacations and not a frigging peep from the stupid party
oh and what happened to being unpatriotic when putting the country into debt?
Imagine if a republican has said this and done what he had, the AD’s and media would be running that quote all day every day
Has he and Moochelle ever had a problem paying their credit card bills? Or did the Chicago race mafia always step in and assist.
Somewhere, George Orwell is saying to himself, “Holy crap! It was FICTION, jackass!!
And where exactly is the GOP, hell the RNC?!
NOTHING about the budget, nothing about amnesty and NOTHING about the 2nd Amendment.
Yet, some still argue that liberal Mitt would have made a difference....
The US government doesn’t need “revenues” - they can print all the money they want. Income taxes don’t fund government operations, they serve the purpose of destroying money and reducing the money supply.
Once the debt hits $19.4 Trillion he will seize retirement accounts (equals the same number). mission accomplished
Wow! Things are looking up!