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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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793 clicks; posted to Politics » on 05 Oct 2012 at 9:13 AM (1 year ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2012-10-05 11:09:44 AM

RepealThe22nd: 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?


My. God.

I think you're on to something.
 
2012-10-05 11:28:55 AM

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


Wow you're dumb, but you've already been roasted by other posters so I'll lay off you.
 
2012-10-05 01:11:10 PM

Teufelaffe: 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.



I'd be pretty upset, too. That guy sounds like a dick.
 
2012-10-05 01:19:01 PM

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.


Lol, you don't know how a budget works.
 
2012-10-05 01:24:44 PM
The federal government's fiscal year 2012 has come to a close, and CBO estimates that the federal budget deficit for the year was about $1.1 trillion, approximately $200 billion lower than the shortfall recorded in 2011. Link

Getting sh*t done son.
 
2012-10-05 01:25:15 PM

pdee: 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.


I like how this post has not been commented on once. Before it there was a bunch of lib herp derp about how the $4T deficit cut was TRUE and OMG THE CONSERVATARDS DON'T KNOW MATH!! Nothing since. Don't worry, I'm sure it's still real to you. Just don't read the actual article if you want to live in your little fairy tale.
 
2012-10-05 01:29:39 PM

sprawl15: RepealThe22nd: 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?

My. God.

I think you're on to something.


more to the point that the first 4 years of obama has been higher spending than the first 4 years of bush, but both are atrocious amounts of money.
 
2012-10-05 01:39:32 PM

radioshack: pdee: 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.

I like how this post has not been commented on once. Before it there was a bunch of lib herp derp about how the $4T deficit cut was TRUE and OMG THE CONSERVATARDS DON'T KNOW MATH!! Nothing since. Don't worry, I'm sure it's still real to you. Just don't read the actual article if you want to live in your little fairy tale.


So we get partially true vs Romney's fantasy plan of a 20% tax cut that won't increase the deficit because he will remove loopholes that he can't name. In short you've got nothing unless you think the extra revenue will come from the Mormon Underwear Gnomes.
 
2012-10-05 05:42:50 PM

Fart_Machine: So we get partially true vs Romney's fantasy plan of a 20% tax cut that won't increase the deficit because he will remove loopholes that he can't name. In short you've got nothing unless you think the extra revenue will come from the Mormon Underwear Gnomes.


Romney's plan assumes and relies on the idea that lowering the tax rates will spur so much economic growth that we'll eliminate the deficit. That's about as intelligent as believing in Mormon Underwear Gnomes, but not quite the same.
 
2012-10-05 07:23:38 PM

Sergeant Grumbles: Romney's plan assumes and relies on the idea that lowering the tax rates will spur so much economic growth that we'll eliminate the deficit. That's about as intelligent as believing in Mormon Underwear Gnomes, but not quite the same.


Meh. Obama said he'd cut the deficit in half. Instead it doubled. I'm sure you swallowed that one whole. Whatever dismissive reasoning you have for Obama's lie just use it for this one and all will be ok.
 
2012-10-05 07:41:13 PM

radioshack: Sergeant Grumbles: Romney's plan assumes and relies on the idea that lowering the tax rates will spur so much economic growth that we'll eliminate the deficit. That's about as intelligent as believing in Mormon Underwear Gnomes, but not quite the same.

Meh. Obama said he'd cut the deficit in half. Instead it doubled. I'm sure you swallowed that one whole. Whatever dismissive reasoning you have for Obama's lie just use it for this one and all will be ok.


Federal deficit 2009 (the last year operating under the previous administration's budget; first year the Iraq and Afghanistan wars were actually put on the books like they should have been from the start): $1.4 trillion
Federal deficit 2010: $1.3 trillion
Federal deficit 2011: $1.3 trillion
Federal deficit 2012 (projected): $1.32 trillion

Huh, I never knew that 1.4 * 2 = 1.3. Must be Romney math.
 
2012-10-05 10:53:21 PM

radioshack: Obama said he'd cut the deficit in half. Instead it doubled. I'm sure you swallowed that one whole.


Someone's swallowing something, that's for sure.

static.politifact.com.s3.amazonaws.com
Link
 
2012-10-06 03:02:55 AM

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



This should be the only comment whenever the admins greenlight the Investors' Business Daily.
 
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