Official: Obama plans to slash deficit in half (SHOULD THIS BE UNDER POLITICAL HUMOR?)

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[jessduntno]

Official: Obama plans to slash deficit in half

President Barack Obama has committed hundreds of billions of dollars to help revive the economy and is working on a plan to cut the federal deficit in half by the end of his first term.

Obama will touch on his efforts to restore fiscal discipline at a White House fiscal policy summit on Monday and in an address to Congress on Tuesday. On Thursday he plans to send at least a summary of his first budget request to Capitol Hill. The bottom line, said an administration official Saturday, is to halve the federal deficit to $533 billion by the time his first term ends in 2013.

"We can't generate sustained growth without getting our deficits under control," Obama said in his weekly radio and Internet address that seemed to preview his intentions. He said his budget will be "sober in its assessments, honest in its accounting, and lays out in detail my strategy for investing in what we need, cutting what we don't, and restoring fiscal discipline." Republicans were not convinced. They said Obama's plan would hurt small businesses, including many filing taxes as individuals and possibly facing higher taxes under his plan. "I don't think raising taxes is a great idea," Senate Republican leader Mitch McConnell of Kentucky told CNN's "State of the Union" on Sunday. "And when our good friends on the other side of the aisle say raising the taxes on the wealthy, what they're really talking about is small business."

[The_Reader_David]

Sure, first he’ll quintuple it, then ‘slash’ it in half, leaving it 2.5 times as big as under Bush.

[444Flyer]

Watch closely cause here's where his lies come in. He'll write this on a piece of paper and say “Look...I TOLD you I would cut the deficit in half...Suckers!”

DE

FICIT

[hadaclueonce]

no wonder Jimmy Carter is smiling, he will not be the worst anymore...

[B.O. Plenty]

Hey Hey

Ho Ho

One man, one vote

Has got to go

We can survive wars, hurricanes, tornados, pestilence, famine,....

....but....the US cannot survive welfare deadbeats who have the vote.

[WilliamofCarmichael]

Where did most of the Clintons' reductions come from? Defense.

To wit, Clinton's for Smaller Defense, not Smaller Government

"The only part of government really reduced under Clinton has been the civilian work force. Yet even here, to be more accurate, it's not government in general that has gotten smaller, but rather Defense that has been cut, thereby masking Clinton's overall bigger-government appetite.

"* From 1993 through 1999 (estimates), Defense discretionary spending has fallen from $292.4 billion to $265.1 billion -- a 9.3 percent decrease.

"* The Defense accounts absorbed 67 percent (222,800) of the 331,000 FTE reductions in federal civilian employment over the same time period."

So where's Obama going to get the money to reduce the deficit? Taxes on "the rich" and big reductions in defense.

"The President shall be Commander in Chief of the Army and Navy of the United States, and of the Militia of the several States, when called into the actual Service of the United States"

The Constitution is not a suicide pact. Americans are not recruited to be martyrs. (Maybe recruits from those mysterious extra seven or eight states in Obama's America crave martyrdom?)

If in addition to higher taxes on "the rich" President Obama slashes the defense budget to get the savings then screw the President.

Our military have and are developing weapons and have manpower needs that they deem necessary to destroy our enemies now and to be prepared for any future enemy. That is their job.

During the campaign Obama made clear his intention to deny our military. That is treason in this era of war as far as the eye can see.

[poindexter]

Sure he’ll cut the deficit in half. He’ll need to install cooling towers at the mint to keep the printing presses from melting, but it’s just a matter of engineering.

[sickoflibs]

The Peter Schiff/Redistribution Watch Ping. (Washington Bankrupting our Nation by Spending your past, present and future money!)

This means....TAXES! I would guess lots of hidden taxes so he can claim net CUTs in middles class taxes. The other point to note: His massive spending of trillions in bailouts and stimulus are OFF BUDGET! So he doesnt include that in total of the 50%

[wac3rd]

The Shill Left Wing Media continues its lies.

The next story is about an “undocumented immigrant” not an illegal.

Goebbels would be proud of the current MSM.

[Let's Roll]

Or he cooks the books.

[bmwcyle]

Congress controls the budget so how is Obama going to do this?

[rdl6989]

Are you sure this didn’t come from Onion.com?

[yazoo]

“We can't generate sustained growth without getting our deficits under control,”

You just can't make this stuff up. Like an alcoholic preaching tee totaling.

[FBD]

whaaaaaaaaaaaaat???

ZERO just added 3 trillion to the debt!
What a clown!!!

[SuziQ]

Easily done; just raise taxes on those filthy rich folks. You know, the ones who make $150K or more, a year. That ought to do it./s

[television is just wrong]

OMG, what a bunch of forked tongues they have.

[ding_dong_daddy_from_dumas]

Breaking News:

New Obama nominee for Commerce Secretary will explain how he will cut the budget in half:

[javachip]

"Obama plans to slash deficit in half"

Once again, someone has forgotten the liberal speak magic decoder ring. The headline begs the question - Half of what?