President Obama Denounces Republican 'Wild Debts': I'm Not an Over-Spender

Yahoo ^ | 5/23/12 | Devin Dwyer | ABC OTUS News

[NormsRevenge]

COLORADO SPRINGS, Colo. - At a fundraiser for his re-election campaign in Denver tonight, President Obama set out to upend conventional Republican wisdom that his administration has been defined by excessive government spending.

"I'm running to pay down our debt in a way that's balanced and responsible. After inheriting a $1 trillion deficit, I signed $2 trillion of spending cuts into law," he told a crowd of donors at the Hyatt Regency. "My opponent won't admit it, but it's starting to appear in places, like real liberal outlets, like the Wall Street Journal: Since I've been president, federal spending has risen at the lowest pace in nearly 60 years. Think about that."

Obama was referring to an analysis released this week by Rex Nutting, a reporter for CBS MarketWatch who is also affiliated with the Wall Street Journal. Nutting concluded that Obama has presided over the slowest growth in federal spending in decades.

"Government spending under Obama, including his signature stimulus bill, is rising at a 1.4 percent annualized pace - slower than at any time in nearly 60 years," Nutting wrote, citing data from the Congressional Budget Office, Office of Management and Budget and an independent financial firm.

"The big surge in federal spending happened in fiscal 2009, before Obama took office. Since then, spending growth has been relatively flat," he wrote. "Over Obama's four budget years, federal spending is on track to rise from $3.52 trillion to $3.58 trillion, an annualized increase of just 0.4 percent. There has been no huge increase in spending under the current president, despite what you hear."

[CottShop]

this pres is them ost bald-faced liar EVER! I trhink he honestly thinks he can get away with anyhting he wants to- He thinks he is beyond reproach, beyond being questioned, beyond having to answer to hisw lies

Never in my life have I come across such a bald-faced lair- I’ve known liars in my time, but he really takes the cake- it’s almost as if he throws this crap in our faces and dares us to call him on it

[Kickass Conservative]

What are the “actual’” Deficit Numbers for 2009 through 2011?

The graph needs to be updated.

[SatinDoll]

Look at that photo! BHO2’s suit is just hanging on him - he’s almost emaciated.

[Wisconsinlady]

What part of the Twilight Zone does O live in>

[rawhide]

“Tell a lie often enough, people will start to believe it.”

[Secret Agent Man]

The guy who wanted a 2 trillion stimulus but only got over 1 trillion says he isn’t an overspender.

A guy who’s been in charge of the national debt going from 10 to 15 trillion, isn’t an overspender.

A guy who’s in charge of a government spending over 3 billion more than it takes in, each day, isn’t an overspender.

A guy who says we’re not taxed enough because he needs more of our money to cover his excessive spending, isn’t an overspender.

That guy can’t own a single pair of pants that hasn’t been burnt by now.

[musicman]

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[Bellflower]

Never in my life have I come across such a bald-faced lair- I’ve known liars in my time, but he really takes the cake- it’s almost as if he throws this crap in our faces and dares us to call him on it

_______________________________________________

John 8:44 Ye are of [your] father the devil, and the lusts of your father ye will do. He was a murderer from the beginning, and abode not in the truth, because there is no truth in him. When he speaketh a lie, he speaketh of his own: for he is a liar, and the father of it.

1Timothy 4:2 Speaking lies in hypocrisy; having their conscience seared with a hot iron;

[21twelve]

I think Abbott and Costello do Obama’s accounting for him!

http://www.youtube.com/watch?v=xWIZ8h6X_QU

[OldArmy52]

How is Obama different from a psychotic?
Is he?

[pieceofthepuzzle]

If a baseball pitcher gives up four earned runs in his first game, eight in his second, and then ten in his third, is he showing improvement because his rate of increase in runs/game has decreased?

[Bellflower]

If a baseball pitcher gives up four earned runs in his first game, eight in his second, and then ten in his third, is he showing improvement because his rate of increase in runs/game has decreased?

Great analogy. Hope someone with visibility sees it and uses it! Maybe you should send it around to the talk show hosts and maybe Hannity, too.

[pieceofthepuzzle]

When you’re a fan of the MLB teams I am, it’s an easy analogy.

[WildWeasel]

Obama’s campaign is desperate and he’s going to lose the election. Reading this article and how Obama is trying to disown his own stimulus program passed in 2009 just shows what a failure he’s been.

Had it not been for the MSM that worships his every move, he’d be so far in the tank that even Jimmy Carter would look good compared to President Obama.

[StAnDeliver]

"After inheriting a $1 trillion deficit, I signed $2 trillion of spending cuts into law," he told a crowd of donors at the Hyatt Regency. "My opponent won't admit it, but it's starting to appear in places, like real liberal outlets, like the Wall Street Journal"

"In a 2004 study, Tim Groseclose and Jeff Milyo calculated the ideological bias of 20 media outlets by counting the frequency they cited particular think tanks and comparing that to the frequency that legislators cited the same think tanks. They found that the news reporting of The Journal was the most liberal, more liberal than NPR or The New York Times. The study did not factor in editorials."

[MustKnowHistory]

This is a good analogy. It is very difficult to find an example of this that the average person will understand. Here is my example:

It is as if a family, that has maxed out all its credit cards and has two mortgages, decides to buy an new care for $40,000. After careful consideration of their financial situation,they actually purchase a new car for $35,000, and then go around telling all their friends that they saved $5,000.

[trebb]

"Government spending under Obama, including his signature stimulus bill, is rising at a 1.4 percent annualized pace - slower than at any time in nearly 60 years," Nutting wrote, citing data from the Congressional Budget Office, Office of Management and Budget and an independent financial firm.

Let's see - you have been spending $800 billion a year, then you bumpt it to $2.5 Trillion, and from there you only increase it at 1.4%, so you're actually being fiscally conservative....

[St_Thomas_Aquinas]

-—This pres is them ost bald-faced liar EVER!-—

He is taking full advantage of the complicit media —the same media that got him elected.

Destroying the establishment media is job #1.

[Carriage Hill]

Remember this from the 50s?

http://www.flickr.com/photos/bootsieking/3450317683/

[luvbach1]

Yes, that’s where the butter came from. Little Black Sambo was a harmless tale, but banned because of early PC. I remember a restaurant in San Diego in the 50s called Sambo’s. Not only did it have that name, its walls bore illustrations from the Little Black Sambo story.