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Obama: Unbalanced Budget 'Doesn't Spend Beyond Our Means'
CNSNews ^

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.

“It’s a budget that doesn’t spend beyond our means, and it’s a budget that doesn’t make harsh and unnecessary cuts that only serve to slow our economy,” Obama said Saturday during his weekly address. “We’ll keep our promise to an aging generation by shoring up Medicare, and we’ll 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 ...


TOPICS: Front Page News; News/Current Events; Politics/Elections
KEYWORDS: obamabudget; obamalies
Pretzel logic.......
1 posted on 04/08/2013 2:10:06 PM PDT by Sub-Driver
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To: Sub-Driver

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?


2 posted on 04/08/2013 2:11:28 PM PDT by Skeez
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To: Sub-Driver

“Means” to print money, that is.


3 posted on 04/08/2013 2:18:01 PM PDT by stephenjohnbanker
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To: Skeez
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?

Don't be so silly. Everyone knows that borrowed money is revenue, particularly when you have no intention of paying it back.

4 posted on 04/08/2013 2:18:04 PM PDT by Senator_Blutarski
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To: Sub-Driver
A balance scale has two sides that could be worked, but 0bama can only see one solution.
He has absolutely no intention to balance it, he wants it to break.

5 posted on 04/08/2013 2:18:24 PM PDT by BitWielder1 (Corporate Profits are better than Government Waste)
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To: Sub-Driver

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 GWB’s 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!


6 posted on 04/08/2013 2:25:25 PM PDT by Graewoulf (Traitor John Roberts' Commune-Style Obama'care' violates U.S. Constitution AND Anti-Trust Law.)
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To: Sub-Driver
President Barack Obama said his budget--to be released Wednesday--would not spend beyond our means. . .

. . . to print up new money.


7 posted on 04/08/2013 2:37:30 PM PDT by Hoodat (I stand with Rand.)
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To: Skeez

You’re never out of money if you still have blank checks.


8 posted on 04/08/2013 2:55:31 PM PDT by Sapper26 (Political Refugee From the Obamanation)
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To: Sub-Driver
If the entire Federal Government took a one year holiday and everyone in business could invest the 50% of taxes on wages saved into their businesses, I don't think it would "slow down the economy". The biggest chunk of Net Profit wasted is the Governments take. My bet is if we shrugged off the Feds for a year, our economy would bob to the top of the world like a rocket.

OBAMA's Communist government is what is slowing down the economy.


9 posted on 04/08/2013 2:55:58 PM PDT by American in Israel (A wise man's heart directs him to the right, but the foolish mans heart directs him toward the left.)
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To: Skeez
The lier-in Chief doesn't want to fix the economy, he wants to create chaos to destroy the economy.
10 posted on 04/08/2013 3:03:50 PM PDT by upcountryhorseman (An old fashioned conservative)
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To: upcountryhorseman

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.


11 posted on 04/08/2013 3:43:23 PM PDT by hal ogen (First Amendment or Reeducation Camp?)
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To: Sub-Driver
Dear Barry,

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!!!

12 posted on 04/08/2013 3:55:21 PM PDT by MarkL (Do I really look like a guy with a plan?)
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To: Sub-Driver

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.


13 posted on 04/08/2013 4:30:02 PM PDT by hondact200 (Candor dat viribos alas (sincerity gives wings to strength) and Nil desperandum (never despair))
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To: hondact200

he = the lately the ts do not type. will have to get a new keyboard or a new finger.


14 posted on 04/08/2013 4:31:41 PM PDT by hondact200 (Candor dat viribos alas (sincerity gives wings to strength) and Nil desperandum (never despair))
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To: Skeez

leftists have a different definition than we do


15 posted on 04/08/2013 4:32:23 PM PDT by GeronL (http://asspos.blogspot.com)
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To: Sub-Driver

Baraqqi/Bernanke/Geithner minibucks funded the entitlements that purchased the 2012 election.

So lets see what they can do for 2014.


16 posted on 04/08/2013 4:33:33 PM PDT by nascarnation (Baraq's economic policy: trickle up poverty)
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To: Sub-Driver

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


17 posted on 04/08/2013 5:09:48 PM PDT by manc (Marriage =1 man + 1 woman,when they say marriage equality then they should support polygamy)
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To: Sub-Driver

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


18 posted on 04/08/2013 5:10:53 PM PDT by manc (Marriage =1 man + 1 woman,when they say marriage equality then they should support polygamy)
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To: Sub-Driver

Has he and Moochelle ever had a problem paying their credit card bills? Or did the Chicago race mafia always step in and assist.


19 posted on 04/08/2013 5:57:08 PM PDT by Cheerio (Barry Hussein Soetoro-0bama=The Complete Destruction of American Capitalism)
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To: Sub-Driver

Somewhere, George Orwell is saying to himself, “Holy crap! It was FICTION, jackass!!


20 posted on 04/08/2013 5:58:41 PM PDT by LaybackLenny
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To: Sub-Driver

And where exactly is the GOP, hell the RNC?!

NOTHING about the budget, nothing about amnesty and NOTHING about the 2nd Amendment.

crickets

Yet, some still argue that liberal Mitt would have made a difference....


21 posted on 04/09/2013 5:23:43 AM PDT by i_robot73 (We hold that all individuals have the Right to exercise sole dominion over their own lives - LP.org)
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To: Sub-Driver

NewSpeak.


22 posted on 04/09/2013 6:01:46 AM PDT by LucianOfSamasota (Tanstaafl - its not just for breakfast anymore...)
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To: Skeez

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.

http://www.huffingtonpost.com/robin-koerner/monetary-policy_b_1270711.html


23 posted on 04/09/2013 7:16:56 PM PDT by mvpel (Michael Pelletier)
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To: Hoodat

Once the debt hits $19.4 Trillion he will seize retirement accounts (equals the same number). mission accomplished


24 posted on 04/09/2013 7:41:26 PM PDT by 4Liberty (Some on our "Roads & Bridges" head to the beach. Others head to their offices, farms, libraries....)
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To: GeronL

25 posted on 04/09/2013 7:42:14 PM PDT by 4Liberty (Some on our "Roads & Bridges" head to the beach. Others head to their offices, farms, libraries....)
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To: 4Liberty

Wow! Things are looking up!


26 posted on 04/09/2013 7:44:52 PM PDT by headsonpikes (Mass murder and cannibalism are the twin sacraments of socialism - "Who-whom?"-Lenin)
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To: 4Liberty

bump


27 posted on 04/09/2013 9:03:52 PM PDT by GeronL (http://asspos.blogspot.com)
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