Here is a key excerpt from president Obama's weekly radio address in which he discusses his success in controling federal spending.
"Now, the truth is, our deficits are already shrinking. That’s a fact. I’ve already signed more than $2.5 trillion in deficit reduction into law, and my budget will reduce our deficits by nearly $2 trillion more, without harming the recovery. That surpasses the goal of $4 trillion in deficit reduction that many economists believe will stabilize our finances."
It is hard to realize just how many major lies and misrepresentations are packed into those three sentences.
First, Obama says our deficits are "already shrinking." The estimated shortfall for the federal government this year is currently $940 billion dollars. That indeed is less than was the cast last year. Nevertheless, the truth is that this deficit is the fourth highest on record. The three years with higher deficits also came with Obama as president. Obama's claim of shrinking deficits is roughly the same as a doctor who tells the patient with terminal cancer that he has good news: the cancer we thought would kill you in two weeks has slowed; you now have two weeks and two days to live. It is like the morbidly obese man who is thrill to have lost weight from 620 pounds to 616 pounds. IT IS NOTHING TO CELEBRATE!!
Second, Obama claims that he has signed $2.5 trillion in deficit reduction into law. But nearly all of that was signed only because he was forced to do so. Further, Obama ignores the deficit increases that he signed into law. Just the deal to avoid the fiscal cliff raised the deficit by about $4 trillion over the next decade. Going back to my obese man, Obama's statement is the equivalent of celebrating the loss of 20 pounds while ignoring the gain of 25 the next week.
Third, Obama talks about a goal of $4 trillion in deficit reduction that "many" economists believe will stabilize US finances. Earth to Obama: that $4 trillion is a NET reduction. No economist believes that a $4 trillion cut combined with at $4 trillion increase will stabilize our finances. So why are you saying something this blatantly false?
If Obama wants to come out against cuts in spending that is fine. If he wants to advocate for raising taxes, that is also fine. What is offensive and not fine, however, is for Obama to issue false claims that he has cut spending and the deficit. Americans deserve a president who does not believe that lying to the country is an art form.
"Now, the truth is, our deficits are already shrinking. That’s a fact. I’ve already signed more than $2.5 trillion in deficit reduction into law, and my budget will reduce our deficits by nearly $2 trillion more, without harming the recovery. That surpasses the goal of $4 trillion in deficit reduction that many economists believe will stabilize our finances."
It is hard to realize just how many major lies and misrepresentations are packed into those three sentences.
First, Obama says our deficits are "already shrinking." The estimated shortfall for the federal government this year is currently $940 billion dollars. That indeed is less than was the cast last year. Nevertheless, the truth is that this deficit is the fourth highest on record. The three years with higher deficits also came with Obama as president. Obama's claim of shrinking deficits is roughly the same as a doctor who tells the patient with terminal cancer that he has good news: the cancer we thought would kill you in two weeks has slowed; you now have two weeks and two days to live. It is like the morbidly obese man who is thrill to have lost weight from 620 pounds to 616 pounds. IT IS NOTHING TO CELEBRATE!!
Second, Obama claims that he has signed $2.5 trillion in deficit reduction into law. But nearly all of that was signed only because he was forced to do so. Further, Obama ignores the deficit increases that he signed into law. Just the deal to avoid the fiscal cliff raised the deficit by about $4 trillion over the next decade. Going back to my obese man, Obama's statement is the equivalent of celebrating the loss of 20 pounds while ignoring the gain of 25 the next week.
Third, Obama talks about a goal of $4 trillion in deficit reduction that "many" economists believe will stabilize US finances. Earth to Obama: that $4 trillion is a NET reduction. No economist believes that a $4 trillion cut combined with at $4 trillion increase will stabilize our finances. So why are you saying something this blatantly false?
If Obama wants to come out against cuts in spending that is fine. If he wants to advocate for raising taxes, that is also fine. What is offensive and not fine, however, is for Obama to issue false claims that he has cut spending and the deficit. Americans deserve a president who does not believe that lying to the country is an art form.
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