Posted on 04/13/2011 3:08:54 PM PDT by Hotlanta Mike
Okay, I have had it with this President's blatant dishonesty. His speech today was appallingly deceitful and misleading. This President, has spent more money and added more debt than any other President in history. This is not political rhetoric, this is simply fact! Barack Obama's budget deficit in March of 2011 was larger than the deficit for all of 2007!
According to Obama's 2012 Budget Proposal, under Historical Tables, the budget deficit under George Bush first peaked in 2004 at $412 billion dollars. Between 2005 and 2007 the budget deficit declined by $252 billion to reach its low, under Bush, at $160 billion. If the tax cuts and wars, both occurring in 2001 and 2003, caused our current financial situation, how did the deficit fall between 2004 to 2007? Because Tax Cuts increase revenue to the government by allowing people and business to invest more of their own money. As people invest they conduct taxable transactions which bring in revenue to the government.
So where did Obama come up with the claim that he inherited a trillion dollar deficit? In 2008, the deficit under Bush climbed to a new high of $458 billion. The reason for the climb was the fiscal stimulus and emergency spending as a result of the financial crises. However, this number is somewhat misleading. The fiscal year for 2008 ended in October of that year, pushing much of the onetime emergency spending on the 2009 budget. When you add that spending onto the budget baseline, you come up with a deficit for 2009 of $1.4 trillion. While Obama is correct that he is not solely responsible for the 2009 budget, he is lying by not informing the American people most of the deficit was "one time emergency spending." He, Barack H. Obama, chose to put that spending in the baseline budget for the next decade. Thus, we have $1 trillion dollar deficits for as far as the eye can see.
The President claimed that we didn't "pay for" the tax cuts. Excuse me Mr. President, when someone takes a pay cut, do they have to "pay for it?" A tax cut means the government simply takes less of YOUR money, what is there to pay for? This, seemingly innocuous, difference comes from the President's view that government has a right to your money. To Obama, it is not your income, but governments', and government not taking all of your money is an act of compassion. Obama believes that by leaving more of your money in your pocket, it is the equivalent of government sending you a check! If government sends you a check, that means government must "pay for" the tax cut. Unbelievable!
(Here is a link to his budget proposal: select table 1.1 http://www.whitehouse.gov/omb/budget/Historicals)
If Obama raises taxes on the super rich, they will move out of the country, taking their jobs with them!
He uses his speeches to make the people think he will do something about it, but actually his purpose is to delay and put people off while the damage to our economy continues. I cannot stand his lies, deceits, sophistry, mendacity—all are various ways of lying, some more subtle than others—I feel physically ill every time I hear him and know that people actually believe him. HE HAS NO INTENT TO LOWER THE DEFICIT OR BALANCE THE BUDGET. He is a tool of Soros and they are out to destroy America. And they are succeeding.
I want to see it.
LIES, LIES and more statistics.
You see it every day in all those vacations and coke and tee times he pays for - oops, make that the US taxpayer pays for. His, like other elite are keeping theirs in a Swiss bank account.
Obama spent the first ten minutes blaming Bush. It was the worst Bush blaming from the O that I can remember.
I am fed up with this government. Sick and tired of the propaganda. Mr. President, King, Messiah whatever you call yourself just STFU. I am done.
What? Took you 2 i/2 years to figure out the guy’s a lying POS communist?????? Hell, we knew that in 2007! Wake up jackass!
That’s great. I want that on stickers that I can stick everywhere I go.
That is the bomb. I would love to see that plastered on billboards across the country. This man makes me want to throw up everytime he opens his mouth.
I think it would resonate with a LOT of people.
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