Posted on 06/27/2010 5:23:26 PM PDT by blam
Obama: I Promise To Cut The Deficit In Half By 2013
Henry Blodget
Jun. 27, 2010, 8:10 PM
According to the AP, President Obama just promised to cut the US deficit in half as a percentage of GDP by 2013.
That would certainly be a start. 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:
By DARLENE SUPERVILLE and TOM RAUM, Associated Press Writers
TORONTO (AP) President Barack Obama on Sunday welcomed an international commitment for rich countries to slash their deficits in half by 2013, despite his earlier warnings against halting stimulus spending too abruptly.
"We can't all rush to the exits at the same time," Obama told a news conference at the conclusion of a summit of the 20 major industrial and developing economies.
Obama also issued a warning to North Korea, saying its alleged sinking of a South Korean warship was "belligerent behavior that is unacceptable" to the international community.
"It is absolutely critical for the international community to rally behind" South Korean President Lee Myung-bak, Obama said.
Obama spoke after G-20 leaders issued a statement calling for "advanced" nations to cut their budget deficits as a proportion of gross domestic product growth in half by 2013, and to put their annual deficits on either a lower or more stable basis by 2016.
(Excerpt) Read more at businessinsider.com ...
I call his bluff and raise him another Joe Wilson.....
...but first, I have to buy off the electorate with a few trillion more.
O plans to cut our deficit by raising taxes to 100%.
hey Odumbo, the AMERICAN CITIZEN promises to help cut the deficit STARTING THIS NOVEMBER!
No more promises from this liar. Cut it first, then we’ll talk.
beat me to it...
He also said he plans to control the tides too
HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA...breath...HA HA HA HA HA HA HA HA HA, oh what’s the point...
He also said he plans to command the tides too
Exactly, that won’t happen via Spending Cuts, we all, rich and middle and poor, will be taxed heavily and regulated into poverty.
So Mr. President, I'm curious to hear how you're going to get the budget deficit - you know, your $1.6 TRILLION deficit - down to $76 billion. VERY curious, Mr. President!
He’ll get the deficit cut alright—after the Republicans take over Congress in January 2011.
anyone else think that pic of him up on Drudge right now is down right terrifying
He will tax you to DEATH.
Future management book: "Profiles in Leadership Failures: Barack Obama"
He can promise anything for the years when he won’t be around to answer for what happens.
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