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(Investors Business Daily)   Obama's claim that he has a "balanced" $4 trillion deficit-cutting plan are completely debunked .. ... by Obama's own budget   (news.investors.com) divider line 63
    More: Fail, President Obama, deficits  
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799 clicks; posted to Politics » on 05 Oct 2012 at 9:13 AM (2 years ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2012-10-05 08:27:17 AM  
Obama counts $800 billion saved from winding down the wars in Afghanistan and Iraq, savings that were going to occur anyway.

Yes, Presidential candidate McCain was just itching to get out of Iraq.

In a hundred years or so.
 
2012-10-05 08:35:38 AM  
Aren't these the guys who said Stephen Hawking would never live if born in England? Ok. Got it.
 
2012-10-05 08:36:10 AM  
Wait, so he's not allowed to count things that are already happening as part of his budget plan?

So, what, if I get a new job on my first week, I'm not allowed to budget with that new income in two weeks?
 
2012-10-05 09:14:44 AM  

clancifer: Aren't these the guys who said Stephen Hawking would never live if born in England? Ok. Got it.

 
2012-10-05 09:16:15 AM  

Coolfusis: Wait, so he's not allowed to count things that are already happening as part of his budget plan?


You're allowed to not count anything you want, when you're doing troll math.
 
2012-10-05 09:18:58 AM  

clancifer: Aren't these the guys who said Stephen Hawking would never live if born in England? Ok. Got it.


There are people that? Like, they don't know Stephen Hawking wasn't always like he is now?
 
2012-10-05 09:19:21 AM  
I like how the Republicans are allowed to count eliminating loopholes that don't exist as part of their budget but Obama can't count savings that does exist as part of his.
 
2012-10-05 09:23:53 AM  
Your block doesn't suck.
 
2012-10-05 09:23:56 AM  

CPennypacker: I like how the Republicans are allowed to count eliminating loopholes that don't exist as part of their budget but Obama can't count savings that does exist as part of his.


Citation?

Obama is counting cuts that already exist as policy. The cbo has laughed at his budget multiple times for this.

If I finish paying off my car this year I don't count a budget savings equal to my payments next year.
 
2012-10-05 09:30:06 AM  
OK, I've got to be at work in 26 minutes so...

Someone tell me if it's appropriate to look at the projected deficit in 2013 as the total for a 10-year reduction. I really don't know, and like I said, I only have 26 minutes to look into it.
 
2012-10-05 09:30:29 AM  

MyRandomName: CPennypacker: I like how the Republicans are allowed to count eliminating loopholes that don't exist as part of their budget but Obama can't count savings that does exist as part of his.

Citation?

Obama is counting cuts that already exist as policy. The cbo has laughed at his budget multiple times for this.

If I finish paying off my car this year I don't count a budget savings equal to my payments next year.


Why? Your budget has been reduced by that much. You now have that money free.
 
2012-10-05 09:30:45 AM  

MyRandomName: CPennypacker: I like how the Republicans are allowed to count eliminating loopholes that don't exist as part of their budget but Obama can't count savings that does exist as part of his.

Citation?

Obama is counting cuts that already exist as policy. The cbo has laughed at his budget multiple times for this.

If I finish paying off my car this year I don't count a budget savings equal to my payments next year.


Huh? If your car payment (let's say $3000/yr) adds $3k/yr to your $9k yearly deficit and you pay it off this year, you have just reduced your yearly deficit by $3k for subsequent years. That "counts" as deficit reduction, just as the money that will be saved when we vacate the Middle East wars will have a net reduction on the yearly deficit. By any objective measure, it still counts.
 
2012-10-05 09:32:27 AM  
Republicans don't know math
 
2012-10-05 09:32:56 AM  

MyRandomName: CPennypacker: I like how the Republicans are allowed to count eliminating loopholes that don't exist as part of their budget but Obama can't count savings that does exist as part of his.

Citation?

Obama is counting cuts that already exist as policy. The cbo has laughed at his budget multiple times for this.

If I finish paying off my car this year I don't count a budget savings equal to my payments next year.


However, your bank does.
 
2012-10-05 09:33:25 AM  
Thank you and god bless for your unbiased investment advice.
 
2012-10-05 09:34:03 AM  

Moosecakes: Republicans don't know math


They know Mithematics.
 
2012-10-05 09:36:34 AM  
If the MSM can even back Obama

He is truly a one term president.

Where is that trickle down the leg guy?
 
2012-10-05 09:37:39 AM  

Moosecakes: Republicans don't know math


It's not their fault. They get so worked up and excited, what with the word sharing so many letters with "meth," there's bound to be some disappointment upon learning what the word means.
 
2012-10-05 09:38:19 AM  

nomike1: He is truly a one term president.


Like you'e truly a one-account Farker.
 
2012-10-05 09:39:26 AM  

clancifer: Aren't these the guys who said Stephen Hawking would never live if born in England? Ok. Got it.


"People such as scientist Stephen Hawking wouldn't have a chance in the U.K., where the National Health Service would say the life of this brilliant man, because of his physical handicaps, is essentially worthless." [IBD, Atlanta J-C, Ezra Klein]
 
2012-10-05 09:43:38 AM  

clancifer: Aren't these the guys who said Stephen Hawking would never live if born in England? Ok. Got it.

NO

ABC's John Karl called it "mostly fiction."

An AP fact check pointed to the same flaws while noting that Obama also "uses creative bookkeeping to hide spending on Medicare reimbursements to doctors."

The Washington Post's in-house fact checker called it "Obama's faux deficit plan" and the war spending trick was a "major budget gimmick."

And Politifact.com, the fact-checking site run by the Tampa Bay Times, could only muster a "half true" rating for Obama's claim.

the liberal Center on Budget and Policy Priorities, which found only $2.1 trillion.


Maybe some of you should RTFA.
 
2012-10-05 09:45:10 AM  
So when Obama put the two wars in the budget it's a deficit increase, but when they are removed it's not a decrease?

Yah, that makes sense....
 
2012-10-05 09:47:41 AM  

Summoner101: clancifer: Aren't these the guys who said Stephen Hawking would never live if born in England? Ok. Got it.

There are people that? Like, they don't know Stephen Hawking wasn't always like he is now?


Not sure if serious, so I'll point out that the true stupidity of the "Stephen Hawking woulda died under that soshulized health care in the UK!" is that Stephen Hawking is from, and lives in, England.
 
2012-10-05 09:48:36 AM  
The explanation for this was conveniently trimmed by the good folks at IBD who just want to shout "LIAR!":

Neither of these reach the $4 trillion mark. But last year, between a series of continuing resolutions that froze department budgets and a major deficit reduction compromise between President Obama and Congress, the government racked up $1.7 trillion in savings.

If you add that to either of the think tank numbers, you get close to or over the $4 trillion the president counts in his plan. Whether that's legitimate is a matter of debate.
 
2012-10-05 09:49:49 AM  
He told you four years ago that he was going to cut the deficit in half. He was either lying to you then or he was a moron.

Now he's promising the same thing again while his VP talks about a 1 trillion dollar tax hike, so I'm curious... Is Obama a moron or a liar? And are you, who believe him, a moron, or just too partisan to actually care?
 
2012-10-05 09:50:37 AM  

MyRandomName: CPennypacker: I like how the Republicans are allowed to count eliminating loopholes that don't exist as part of their budget but Obama can't count savings that does exist as part of his.

Citation?


I see people covered your other points, so I will adress you "citation" request.

Here you go.
 
2012-10-05 09:50:39 AM  

nyseattitude: So when Obama put the two wars in the budget it's a deficit increase, but when they are removed it's not a decrease?

Yah, that makes sense....


The guy who was to 1/2 the Deficit in 4 years instead spend more than all the other Presidents combined?

That guy?
 
2012-10-05 09:56:00 AM  
reliably Obama-friendly mainstream media outlets

notthisshiatagain.jpg
 
2012-10-05 10:00:48 AM  

nomike1: nyseattitude: So when Obama put the two wars in the budget it's a deficit increase, but when they are removed it's not a decrease?

Yah, that makes sense....

The guy who was to 1/2 the Deficit in 4 years instead spend more than all the other Presidents combined?

That guy?


Ah yes, the imaginary president Obama that the GOP is so very upset with.
 
2012-10-05 10:01:03 AM  

nomike1: nyseattitude: So when Obama put the two wars in the budget it's a deficit increase, but when they are removed it's not a decrease?

Yah, that makes sense....

The guy who was to 1/2 the Deficit in 4 years instead spend more than all the other Presidents combined?

That guy?


Can you please go back to posting barely coherent sentences and lame cartoons, and then leaving the thread?
We have enough trolls in the "repeatedly pointing out debunked talking points" department, thanks!
 
2012-10-05 10:01:43 AM  

holdmybones: Can you please go back to posting barely coherent sentences and lame cartoons, and then leaving the thread?


That's what nomike1's other accounts are for.
 
2012-10-05 10:05:17 AM  

holdmybones: nomike1: nyseattitude: So when Obama put the two wars in the budget it's a deficit increase, but when they are removed it's not a decrease?

Yah, that makes sense....

The guy who was to 1/2 the Deficit in 4 years instead spend more than all the other Presidents combined?

That guy?

Can you please go back to posting barely coherent sentences and lame cartoons, and then leaving the thread?
We have enough trolls in the "repeatedly pointing out debunked talking points" department, thanks!


Prove me wrong, and I will shut up?
 
2012-10-05 10:07:54 AM  
Every claim that Mitt Romney has made over the last year and a half has been completely debunked by the words of Tim Yenmort, Romney's evil twin cousin.
 
2012-10-05 10:09:08 AM  

randomjsa: He told you four years ago that he was going to cut the deficit in half. He was either lying to you then or he was a moron.

Now he's promising the same thing again while his VP talks about a 1 trillion dollar tax hike, so I'm curious... Is Obama a moron or a liar? And are you, who believe him, a moron, or just too partisan to actually care?


He made an ill-conceived promise/projection, same as when they claimed unemployment wouldn't get above 8%. Now, perhaps their projections at the time really indicated that and as new information came to light, adjustments had to be made, but you just shouldn't publicly make such concrete specific claims which can so easily be thrown back in your face when they fail.

That being said, I fully believe Obama has a better plan and actual intention to control the deficit over the next 10 years vs Romney, whose plan will almost assuredly add massively to the deficit. Obama at least took the first demonstrative step of keeping spending growth under control, better than any president since Eisenhower. Romney wanting things like $2T in added defense spending is beyond absurd and irresponsible.
 
2012-10-05 10:10:26 AM  

nomike1: holdmybones: nomike1: nyseattitude: So when Obama put the two wars in the budget it's a deficit increase, but when they are removed it's not a decrease?

Yah, that makes sense....

The guy who was to 1/2 the Deficit in 4 years instead spend more than all the other Presidents combined?

That guy?

Can you please go back to posting barely coherent sentences and lame cartoons, and then leaving the thread?
We have enough trolls in the "repeatedly pointing out debunked talking points" department, thanks!

Prove me wrong, and I will shut up?


Since you posed that as a question - NO, once I prove you wrong, you won't shut up.
 
2012-10-05 10:11:12 AM  

MyRandomName: If I finish paying off my car this year I don't count a budget savings equal to my payments next year.


Why not? If I was paying $200/month last year, and I'm not this year, that's $200/month extra I have to either spend or save, isn't it?
 
2012-10-05 10:11:12 AM  

nomike1: holdmybones: nomike1: nyseattitude: So when Obama put the two wars in the budget it's a deficit increase, but when they are removed it's not a decrease?

Yah, that makes sense....

The guy who was to 1/2 the Deficit in 4 years instead spend more than all the other Presidents combined?

That guy?

Can you please go back to posting barely coherent sentences and lame cartoons, and then leaving the thread?
We have enough trolls in the "repeatedly pointing out debunked talking points" department, thanks!

Prove me wrong, and I will shut up?


Source for the following:

2013 United States federal budget - $3.8 trillion (submitted 2012 by President Obama)
2012 United States federal budget - $3.7 trillion (submitted 2011 by President Obama)
2011 United States federal budget - $3.8 trillion (submitted 2010 by President Obama)
2010 United States federal budget - $3.6 trillion (submitted 2009 by President Obama)

Total spending: $14.9 trillion

2009 United States federal budget - $3.1 trillion (submitted 2008 by President Bush)
2008 United States federal budget - $2.9 trillion (submitted 2007 by President Bush)
2007 United States federal budget - $2.8 trillion (submitted 2006 by President Bush)
2006 United States federal budget - $2.7 trillion (submitted 2005 by President Bush)
2005 United States federal budget - $2.4 trillion (submitted 2004 by President Bush)
2004 United States federal budget - $2.3 trillion (submitted 2003 by President Bush)
2003 United States federal budget - $2.2 trillion (submitted 2002 by President Bush)
2002 United States federal budget - $2.0 trillion (submitted 2001 by President Bush)

Total spending: $20.9 trillion

Obama hasn't managed to spend more than his immediate predecessor, much less all 43 of them combined.
 
2012-10-05 10:20:03 AM  

Teufelaffe: Obama hasn't managed to spend more than his immediate predecessor, much less all 43 of them combined.


Your problem is that you know the difference between debt, deficit, and a budget.

Libtard.
 
2012-10-05 10:21:28 AM  

Teufelaffe: nomike1: holdmybones: nomike1: nyseattitude: So when Obama put the two wars in the budget it's a deficit increase, but when they are removed it's not a decrease?

Yah, that makes sense....

The guy who was to 1/2 the Deficit in 4 years instead spend more than all the other Presidents combined?

That guy?

Can you please go back to posting barely coherent sentences and lame cartoons, and then leaving the thread?
We have enough trolls in the "repeatedly pointing out debunked talking points" department, thanks!

Prove me wrong, and I will shut up?

Source for the following:

2013 United States federal budget - $3.8 trillion (submitted 2012 by President Obama)
2012 United States federal budget - $3.7 trillion (submitted 2011 by President Obama)
2011 United States federal budget - $3.8 trillion (submitted 2010 by President Obama)
2010 United States federal budget - $3.6 trillion (submitted 2009 by President Obama)

Total spending: $14.9 trillion

2009 United States federal budget - $3.1 trillion (submitted 2008 by President Bush)
2008 United States federal budget - $2.9 trillion (submitted 2007 by President Bush)
2007 United States federal budget - $2.8 trillion (submitted 2006 by President Bush)
2006 United States federal budget - $2.7 trillion (submitted 2005 by President Bush)
2005 United States federal budget - $2.4 trillion (submitted 2004 by President Bush)
2004 United States federal budget - $2.3 trillion (submitted 2003 by President Bush)
2003 United States federal budget - $2.2 trillion (submitted 2002 by President Bush)
2002 United States federal budget - $2.0 trillion (submitted 2001 by President Bush)

Total spending: $20.9 trillion

Obama hasn't managed to spend more than his immediate predecessor, much less all 43 of them combined.


Yea, about him spending 5.5 TRILLION in money we never had.

Were was Bush? At 400 Million in his last year, Obama is at 1.2 Trillion each year, and its not expected to be lower next year.

Yea, lets keep going down this path. Its working.
 
2012-10-05 10:28:21 AM  

randomjsa: He told you four years ago that he was going to cut the deficit in half. He was either lying to you then or he was a moron.


He was a moron for promising the impossible. He made the promise 3 weeks after inauguration. He made the promise based upon two calculations.
1) He believed he could make cuts in the defense budget (something congress has blocked, but he should have known it)
2) He believed the economy would recover faster than it did (something no one really would have guessed).
 
2012-10-05 10:30:08 AM  

nomike1: holdmybones: nomike1: nyseattitude: So when Obama put the two wars in the budget it's a deficit increase, but when they are removed it's not a decrease?

Yah, that makes sense....

The guy who was to 1/2 the Deficit in 4 years instead spend more than all the other Presidents combined?

That guy?

Can you please go back to posting barely coherent sentences and lame cartoons, and then leaving the thread?
We have enough trolls in the "repeatedly pointing out debunked talking points" department, thanks!

Prove me wrong, and I will shut up?


Easy, the deficit and debt are not equal to 2x the debt when he took office. so how did he spend more then anyone else combined?

Also, doesn't congress pass budgets, and not the president? The president cannot unilaterally spend after all.
 
2012-10-05 10:32:32 AM  

nomike1: Yea, about him spending 5.5 TRILLION in money we never had.


zengar.com
 
2012-10-05 10:33:40 AM  
Oh, Investors.com, you so CRAZY!
 
2012-10-05 10:37:54 AM  

sprawl15: Coolfusis: Wait, so he's not allowed to count things that are already happening as part of his budget plan?

You're allowed to not count anything you want, when you're doing troll math.


You see the wars that Obama is at least partially responsible for ending don't count because
 
2012-10-05 10:43:58 AM  

nomike1: nyseattitude: So when Obama put the two wars in the budget it's a deficit increase, but when they are removed it's not a decrease?

Yah, that makes sense....

The guy who was to 1/2 the Deficit in 4 years instead spend more than all the other Presidents combined?

That guy?


Four years? FY 2009 started on October 1st, 2008. You're blaming him for spending that not only was budgeted before he became President, but spent before he became President as well? Year four of his spending only started on Monday.

FY 2013 will have 1/2 the deficit of FY 2009, assuming that Obama is re-elected. That's according to the CBO, who I think the Republicans like this week. Obama was wrong, but only by two years.
 
2012-10-05 10:51:50 AM  

sprawl15: Teufelaffe: Obama hasn't managed to spend more than his immediate predecessor, much less all 43 of them combined.

Your problem is that you know the difference between debt, deficit, and a budget.

Libtard.


You know what, you're right. I failed to include deficit spending. My bad. Here you go:

2002 United States federal budget + deficit - $2.1 trillion
2003 United States federal budget + deficit - $2.6 trillion
2004 United States federal budget + deficit - $2.7 trillion
2005 United States federal budget + deficit - $2.8 trillion
2006 United States federal budget + deficit - $3.0 trillion
2007 United States federal budget + deficit - $3.0 trillion
2008 United States federal budget + deficit - $3.4 trillion
2009 United States federal budget + deficit - $4.5 trillion

Total spending: $24.1 trillion


2010 United States federal budget + deficit - $5.0 trillion
2011 United States federal budget + deficit - $5.1 trillion
2012 United States federal budget + deficit - $5.0 trillion
2013 United States federal budget + deficit - $4.7 trillion

Total spending: $19.8 trillion

Oh, look at that, still less than his immediate predecessor. The "Obama spent more than all other presidents combined!" talking point is bullshiat, and you know it.
 
2012-10-05 10:54:13 AM  
if you doule what obama has spent in 4 years, it i much higher than bush's 8 years



/both of them are hardcore fiscal liberals
 
2012-10-05 10:56:13 AM  
Its almost as if you have to look at what the money was spent on and why instead of just adding it together and comparing one number to the other.
 
2012-10-05 10:57:32 AM  

Teufelaffe: Oh, look at that, still less than his immediate predecessor. The "Obama spent more than all other presidents combined!" talking point is bullshiat, and you know it.


You should probably switch to decaf.
 
2012-10-05 11:07:12 AM  

soakitincider: if you doule what obama has spent in 4 years, it i much higher than bush's 8 years


What if you triple or quadruple it?
 
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