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Obama: 'The Truth Is, Our Deficits Are Already Shrinking'
Weekly Standard ^ | 4/6/13 | DANIEL HALPER

Posted on 04/07/2013 10:27:30 AM PDT by Nachum

In his weekly radio address, President Obama explained the budget he'll rollout next week, and said, "the truth is, our deficits are already shrinking." Barack Obama delivers inaugural address 1-20-09 090120-A-8725H-285

"My budget will reduce our deficits not with aimless, reckless spending cuts that hurt students and seniors and middle-class families – but through the balanced approach that the American people prefer, and the investments that a growing economy demands," said Obama.

"Now, the truth is, our deficits are already shrinking. That’s a fact. I’ve already signed more than $2.5 trillion in deficit reduction into law, and my budget will reduce our deficits by nearly $2 trillion more, without harming the recovery. That surpasses the goal of $4 trillion in deficit reduction that many economists believe will stabilize our finances."

Obama is here referring to our yearly deficits, not the sum total of our debt, which is growing at an astonishing pace.

The truth is, our debt continues to grow.

(Excerpt) Read more at weeklystandard.com ...


TOPICS: News/Current Events
KEYWORDS: deficits; obama; obamabudget; obamalies; shrinking; truth
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To: Nachum
I’ve already signed more than $2.5 trillion in deficit reduction into law,

Assume that the DoD's budget will stay at the surge levels in Iraq and Afghanistan for the next ten years as your baseline budget. Then claim that ending the wars are a budget cut. Presto, trillions of dollars in savings. Of course no one ever assumed that the surges would last very long, much less ten years but making that assumption gives them a big number to wave around.

It's like having a diet where I don't eat Thanksgiving Day dinner every day for the rest of my live. Presto, 2000 calories a day cut which should mean a 4 pound a week weight loss. That's 208 pounds a year.

George Will compared it to saving trillions of dollars by canceling NASA's plan to cover the moon in yogurt. Never was such a plan? Doesn't matter, it will be a huge savings.

21 posted on 04/07/2013 10:59:52 AM PDT by KarlInOhio (Choose one: the yellow and black flag of the Tea Party or the white flag of the Republican Party.)
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To: Nachum
Obama: 'The Truth Is, Our Deficits Are Already Shrinking'

Increasingly, zero displays why he wants a research project underway to map the brain (something that was accomplished decades ago, BTW). He's hoping that, given sufficient funding, they may be able to find HIS brain!!

22 posted on 04/07/2013 11:07:34 AM PDT by DustyMoment (Congress - another name for anti-American criminals!!)
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To: DustyMoment

He wants to try to find out what produced the brains of the zombies who voted for him so he can try to make more of them.


23 posted on 04/07/2013 11:13:24 AM PDT by Terry Mross (This country will fail to exist in my lifetime. And I'm gettin' up there in age.)
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To: Nachum

Obama and the truth are total strangers.


24 posted on 04/07/2013 11:13:26 AM PDT by beethovenfan (If Islam is the solution, the "problem" must be freedom.)
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To: rktman

Lol, your post just gave me a good laugh :D

Laughter is contagious <3


25 posted on 04/07/2013 11:21:05 AM PDT by chris37 (Heartless.)
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To: Nachum

He’s lying. Right up there with “If you like your Doctor, you get to keep your Doctor. If you like your insurance, you get to keep your insurance.”

You told two lies there, Obastard. My favorite lie was the one he told to Congressman Bart Stupid about writing an EO to stop the government from forcing companies with religious objections to pay for abortions. We all saw how well that worked out.


26 posted on 04/07/2013 11:23:53 AM PDT by Cyber Liberty (I am a dissident. Will you join me? My name is John....)
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To: chris37

I’m betting that he even lies in his sleep.


27 posted on 04/07/2013 11:26:41 AM PDT by XenaLee (The only good commie is a dead commie.)
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To: XenaLee

Lol!

His dreams are lies.

I’m glad I’m not him.

A man who has everything, but enjoys none of it, has nothing.


28 posted on 04/07/2013 11:36:08 AM PDT by chris37 (Heartless.)
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To: Nachum

The man is insane.


29 posted on 04/07/2013 11:47:45 AM PDT by Iron Munro (Welcome to Obama-Land - EVERYTHING NOT FORBIDDEN IS COMPULSORY)
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To: Nachum

The guy can’t open his mouth without lying. Does he even know what the truth is?


30 posted on 04/07/2013 11:59:56 AM PDT by bgill
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To: Iron Munro

Or absolutely dumb.

And he is in control of this countries finances. Yikes!


31 posted on 04/07/2013 12:32:32 PM PDT by dhs12345
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To: Nachum
For an honest appraisal of the grim situation to politicians have brought us to, watch the David Stockman interview on OpinonJournal. He was interviewed by the WSJ's Jerry Seib. It may require a subscription to watch, unfortunately.

Doomsday Machine of the U.S. Economy

32 posted on 04/07/2013 12:59:41 PM PDT by ProtectOurFreedom
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To: Nachum

I can’t look at his face. I can’t stand his voice. I can’t believe we have to suffer through another three years of this heartless, lying, commie, jackass.


33 posted on 04/07/2013 1:23:31 PM PDT by St_Thomas_Aquinas
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To: Nachum

Fantasyland. That’s where he lives. His own little world inside his head. No one else is invited.


34 posted on 04/07/2013 1:25:26 PM PDT by Rocky (Obama is pure evil.)
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To: Nachum

anytime he prefaces any statement, that statement is a lie.

with this guy about everything out of his mouth is a lie.


35 posted on 04/07/2013 1:55:35 PM PDT by Secret Agent Man (I can neither confirm or deny that; even if I could, I couldn't - it's classified.)
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To: Nachum

The truth is that NO ONE in his right mind would trust Hussein as far as the corner store when it comes to the truth.


36 posted on 04/07/2013 1:55:59 PM PDT by Jack Hammer (American)
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To: Nachum

The last year that the GOP controlled both Congress and the White House, our total deficit was $167 billion. How much lower have the Democrats brought it since Obama took over?


37 posted on 04/07/2013 4:41:39 PM PDT by Hoodat (I stand with Rand.)
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To: Nachum

Amen.


38 posted on 04/07/2013 8:41:59 PM PDT by Blue Collar Christian (One "bitter clinger" praying for revival. <BCC><)
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To: Nachum; TigersEye

Obama: ‘The Truth Is, Our Deficits Are Already Shrinking’
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>

His Lowbama is shrinking!

May it continue to shrivel until it disappears!


39 posted on 04/08/2013 3:43:38 AM PDT by Candor7 (Obama fascism article:(http://www.americanthinker.com/2009/05/barack_obama_the_quintessentia_1.html))
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