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 ...
Obama: Obama: I Promise To Cut The Deficit In Half By 2013 I promise to raise the top marginal rate to 79% by 2013, outdoing even the former worst president of the United States.
He can promise anything for the years when he won’t be around to answer for what happens.
O plans to cut our deficit by raising taxes to 100%.
YUP!
He’s broken too many promises already to be taken seriously.
‘Obama’ and ‘promise’ in the same sentence = deception.
LIAR!!!!
We plan to cut Obama’s two-term presidency in half and take care of the deficit ourselves.
A couple of trillion in 2012 to only one trillion in 2013.
Likely to seize everybodies 401K and raise inheritance tax to 100%.
Pray for America
The other way to say this is that this dildo is a lying sack of solidified excrement.
Obama is just telling us what he thinks we want to hear. It would be astounding to me if there was anyone left who still took him seriously as he has lost all credibility.
He lies so easily and so often it is troubling.
But, I understand and agree with your point.
Lie, lie and lie.
I saw it and the first thought I had was he was on drugs-really that was my first thought. I cant bear to listen to him and now I am getting to where I can not even look at his demented face. Gag me with a spoon :)
he promises to cut the deficit in half... by increasing our taxes by $2 trillion
sarc
that’s how liberals think they fix economic problems- govt just needs to harvest more cash
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