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President Obama's Math Leaves Us Broke
Boston Herald ^ | July 13, 2010 | Michael Graham

Posted on 07/13/2010 5:26:10 AM PDT by suspects

“I will not sign a plan that adds one dime to our deficits, either now or in the future,” Barack Obama swore to us during the health care debate. Some 2.5 trillion dimes later, it’s clear the president had no idea what he was talking about.

The latest numbers from the Congressional Budget Office project that Obamacare will drive up deficits by $250 billion in the first 10 years. Then again, the CBO also predicted that the original Medicare program would only cost $12 billion by 1990. Its actual price tag was $110 billion.

Missed it by that much.

Republican or Democrat, liberal or conservative, it doesn’t seem to matter. People in politics are almost always lousy at math.

You know about Obama’s $787 billion stimulus plan? The one the White House promised would keep unemployment below 8 percent? Today’s rate is 9.5 percent - and that number is artificially low because people who’ve simply given up hope and stopped looking for work aren’t counted.

The New York Times [NYT] reported last week that “real” unemployment for 18 to 29-year-olds is 37 percent - “a rate reminiscent of the 1930s.”

What you probably don’t know is that Obama and the Democrats actually passed another multi-billion dollar stimulus last year and are trying to push through a third one now. In fact, according to Stephen Spruiell in National Review magazine, if you go back to late 2008, we’ve spent $1.085 trillion on “stimulus” already - more than we’ve spent on the wars in Iraq and Afghanistan combined.

Every new “borrow-and-spend” stimulus dollar dump came with a politician’s promise that it would create jobs. And yet the jobless rate has hardly budged.

You’d think that...

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


TOPICS: Business/Economy; Government; News/Current Events
KEYWORDS: canttrustcbo; cbolies; dnclies; liberals; lie; lielie; lielielielikeobama; obamacare; obamalies; spending; taxes

1 posted on 07/13/2010 5:26:12 AM PDT by suspects
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To: suspects
The problem with American's is we basically allow one to lie without consequences because of our selfish, lazy nature. If BO is/was held accountable for his B.S. he would NOT be Prez today.

We are a sick nation right now, things have to change.

2 posted on 07/13/2010 5:33:20 AM PDT by sirchtruth (Freedom is not free)
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To: sirchtruth

In order to “fundamentally change the USA” the great middle class must be brought to their knees. They were the ones who fought and died to create this great country that the progressives despise so much.


3 posted on 07/13/2010 5:40:17 AM PDT by radioone ("The bigger the government, the smaller the citizen.")
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To: suspects

The Obamaloon couldn’t do third grade math.

Plus, he lies like a rug.

And he’s a sleezebag.

Other than that, he’s completely believable.


4 posted on 07/13/2010 6:04:30 AM PDT by Da Coyote
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To: suspects

Some 25 trillion dimes later,


5 posted on 07/13/2010 6:12:04 AM PDT by DontTreadOnMe2009 (So stop treading on me already!)
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To: suspects; stephenjohnbanker; TommyDale
Ohaha's like a carton of sour milk---everything he says comes with an expiration date.

“I will not sign a plan that adds one dime to our deficits, either now or in the future.”

Obama promised America during the contentious healthcare debate. Some 2.5 trillion dimes later, it’s clear he had no idea what he was talking about.

6 posted on 07/13/2010 6:13:16 AM PDT by Liz
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To: sirchtruth

“If BO is/was held accountable for his B.S. he would NOT be Prez today.”

If the Mediacrats were held accountable for his B.S. he would NOT be Prez today.

There, fixed it.


7 posted on 07/13/2010 6:14:12 AM PDT by EQAndyBuzz (Helter Skelter. The Revolution is Upon Us.)
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To: suspects

Is the Boston Herald like the Chic Trib - often good stories/opinion like this?


8 posted on 07/13/2010 6:14:20 AM PDT by chuck_the_tv_out ( <<< click my name: now featuring Freeper classifieds)
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To: Liz

” “I will not sign a plan that adds one dime to our deficits, either now or in the future.” “

No dimes....just trillions of dollars.


9 posted on 07/13/2010 6:15:45 AM PDT by stephenjohnbanker (Support our Troops, and vote out the RINOS!)
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To: sirchtruth
The “O” administration is a house of cards... how could it have been anything else?

Neither “O” nor any of that troupe of circus freaks he dragged into the WH with is is vetted or vettable(sp???)

How they can look at one another without a shudder (or without laughing) is beyond me!

10 posted on 07/13/2010 6:19:44 AM PDT by SMARTY ("What luck for rulers that men do not think." Adolph Hitler)
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To: suspects

Ghetto economics.


11 posted on 07/13/2010 6:33:47 AM PDT by La.daddyrabbit (President Obama, those 2.5 million new jobs you created/ saved, are they hand or blow?)
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To: suspects

Wow, if the comments below the orig. article are an indicator of how Obama is now viewed by the public, (and in a Boston paper no less) he may fall below Jimmy Carter as Worst President Ever!


12 posted on 07/13/2010 6:37:21 AM PDT by Bassfire (Remember the Alamo!)
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To: Liz

Read his quote carefully...he kept his word. “I will not sign a plan that adds one dime to our deficits, either now or in the future.” He did not add ONE dime, he added tens of trillions of dimes to the deficit.


13 posted on 07/13/2010 1:37:28 PM PDT by TommyDale (Independent - I already left the GOP because they were too liberal)
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To: TommyDale

He’s another “word parser” like Clinton.


14 posted on 07/13/2010 2:07:48 PM PDT by Liz
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To: suspects


15 posted on 07/13/2010 3:37:36 PM PDT by WOBBLY BOB (drain the swamp! ( then napalm it and pave it over ))
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