Obama: I Promise To Cut The Deficit In Half By 2013 (flash back to 2010)

Business Insiders ^ | 6/27/2010 | Henry Blodget

[blueyon]

According to the AP, President Obama just promised to cut the US deficit in half as a percentage of GDP by 2013.

This is consistent with Obama's prior budget projections, and it would certainly be a start. Of course, it won't make a dent in the long-term problem.)

So can we get Congress to commit to that?

If so, we'd be a lot more supportive of additional near-term stimulus spending (which, otherwise, we think will just become long-term structural overspending).

Obama also said a lot of other stuff:

[blueyon]

I'm still waiting............if he did what he said he was going to do, we would not be in this pickle right now!

[newzjunkey]

Bush’s fault

[ridesthemiles]

Look at this statement again:

GDP is steadily falling, with more & more unemployment & fewer people buying goods & services.

Clever to use the GDP as the base standard.

[He Rides A White Horse]

Obama: I Promise To Cut The Deficit In Half By 2013

He assumes a lot, doesn't he?

He called objections to Kagan raised by Republicans "pretty thin gruel."

If you are re-elected, many of us will be calling gruel 'dinner.'

[Brilliant]

First, I’ll quadruple it, then I’ll cut it in half.

[musicman]

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[Spok]

Thanks to the MSM’s refusing to ever call him on it, lying comes very easy to Dear Leader.

[kabar]

When you run annual deficits of $1.6 trillion, cutting back to $800 billion seems doable—by 2021. Obama’s FY-2012 budget was estimated (you can’t score a speech as the CBO head said), to incur an annual defict of $1.1 trillion. I guess that is a start, but Obama has been running $1 trillion plus deficits his entire time in office, the only President to exceed $1 trillion.

[jivin gene]

“Thanks to the MSM’s refusing to ever call him on it, lying comes very easy to Dear Leader.”

ergo - blah, blah, blah, blah, blah, blah, blah, blah, blah, blah,blah, blah, blah, blah, blah, blah, blah, blah.........