We’ve heard a lot of dishonest statements from politicians over time.
But this one takes the cake.

Barack Obama told a gullible and dumb Democrat audience tonight,
“I’m running to pay down our debt in a way that’s balanced and responsible.”

Here’s Obama’s version of “balanced and responsible” – Trillion dollar deficits from here to eternity…

(J. Hoft Chart)

Barack Obama added $5 trillion to national debt in a little over 3 years.
A record.

(Heritage)
Soon to be $6 trillion.

Barack Obama and Democrats added over One Trillion Dollars to the annual Federal Budget in the last 4 years.

That’s at least a 30% increase in federal spending in just 3 years.
It’s what Obama calls “balanced and responsible.”

And, of course, the media is going to carry his water for him and continued this blatant lie in their report.
ABC reported:

At a fundraiser for his re-election campaign in Denver tonight, President Obama set out to upend conventional Republican wisdom that his administration has been defined by excessive government spending.

“I’m running to pay down our debt in a way that’s balanced and responsible. After inheriting a $1 trillion deficit, I signed $2 trillion of spending cuts into law,” he told a crowd of donors at the Hyatt Regency. “My opponent won’t admit it, but it’s starting to appear in places, like real liberal outlets, like the Wall Street Journal: Since I’ve been president, federal spending has risen at the lowest pace in nearly 60 years. Think about that.”

Obama was referring to an analysis released this week by Rex Nutting, a reporter for CBS MarketWatch who is also affiliated with the Wall Street Journal. Nutting concluded that Obama has presided over the slowest growth in federal spending in decades.

“Government spending under Obama, including his signature stimulus bill, is rising at a 1.4 percent annualized pace – slower than at any time in nearly 60 years,” Nutting wrote, citing data from the Congressional Budget Office, Office of Management and Budget and an independent financial firm.

“The big surge in federal spending happened in fiscal 2009, before Obama took office. Since then, spending growth has been relatively flat,” he wrote. “Over Obama’s four budget years, federal spending is on track to rise from $3.52 trillion to $3.58 trillion, an annualized increase of just 0.4 percent. There has been no huge increase in spending under the current president, despite what you hear.”

The Enterprise Blog has the correct figures.

If Americans are stupid enough to believe this hogwash then we deserve no better than liar Barack Obama. Tonight’s speech was so dishonest it was insulting.

 

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  1. Please tell me that people were . . .

    a. rolling their eyes
    b. snickering
    c. laughing
    d. all of the above

  2. Pure Evil

  3. Do you just label anything you don’t like as a lie, do you honestly look things up yourself? Do you understand what annualized figures are, do you know how the CBO works? I honestly don’t understand the deep personalized hatred and ugliness that I see on this site. Why would anyone want to go back to the Bush economic policies? Do you have any idea how much revenue the bush tax cuts are adding to the deficit?

  4. Honestly, I’m confused. Can someone please explain how a responsible person can say

    ‘“Government spending under Obama, including his signature stimulus bill, is rising at a 1.4 percent annualized pace – slower than at any time in nearly 60 years,” Nutting wrote, citing data from the Congressional Budget Office, Office of Management and Budget and an independent financial firm.’

    in the face of the chart at the top of this post?

    Baffled, Peter Warner.

  5. Hahahaha! Oh god, Barry’s a trip.

    Next we’ll have Joe Biden telling us “I’m not drinking. No… I’m just swimming in Jack Daniels in order to make sure it’s safe for American consumers.”

    Who would have thought these guys were funny? I almost cried listening to Barry’s latest tale.

  6. Do you have any idea how much revenue the bush tax cuts are adding to the deficit?

    *scratching my head over this one*

  7. oh and Peter Warner, you’re missing the obvious. About 51% of the population doesn’t actually think nor does it evaluate media sources that may challenge the produced image they are programmed with. These “folks” as Barack says have their opinions, perspectives and general worldviews produced by the progressive media machine.

    I know it’s beyond incoherent for those outside the Matrix, but you just can’t apply the rationale of reality to such produced persons. Trust me, it’s not intended for you. You’re clearly not a product of the machine, awaiting MSNBC, New York Times or any of the progressive media push-programming sites to deliver your viewpoint for you. Walter Lippman, the founder of the production theory that underpins the model (and a multi-Pulitzer Prize winner for the New York Times himself) realized that critical thinkers like you just wouldn’t get it. This system is for the lazy, ignorant masses that are comfortable with their programming.

    People like you probably fail to understand JournaList and become skeptical at talking points issued to all of the manufactured media. You probably even get annoyed when CNN, NYTimes, MSNBC, ABC, Huffington Post and others start parroting the exact same lines. Your problem is that you’re outside the production, which is sort of like being back stage in a Potemkin Village. You see that the buildings are all farce and the construction makes absolutely no sense. But please understand, to the progressive voters, they like this mirage. It allows them to believe that Barack and the Progressive Machine are going to take care of them, so that they can go boating, drinking, under-investing in retirement, joining their union and putting a nickle into a pension fund believing they can retire at 45 and make $100K a year.

    You can’t compete with their desire, Peter. That alone keeps the 2×4 walls of the Progressive Potemkin Village propped up.

  8. First, I would like to comment on this part — And, of course, the media is going to carry his water for him and continued this blatant lie in their report. ——- Why don’t you call it what it really is? Which is FRAUD and I mean the actual criminal definition of the word.
    Definition of FRAUD
    1 a : deceit, trickery; specifically : intentional perversion of truth in order to induce another to part with something of value or to surrender a legal right b : an act of deceiving or misrepresenting
    http://www.merriam-webster.com/dictionary/fraud

    Second, post #6 Peter Warner, They attributed all of the 2009 spending to Bush, including the stimulus bill [close to 1 trillion] also the omnibus bill Obama signed [which was 400 Billion] and many many others. That is how they came up with this absolute crap of a study. Check out Ann Coulter’s column for today [Wednesday] she explains it well. http://www.anncoulter.com/columns/2012-05-23.html#read_more

  9. KK-

    Do YOU know how the CBO works? Get a freaking clue!

  10. The graph is scaled in units that are not explained. I suspect the average non quantitative reader would not know what they are looking at or whose culpable policies it is incriminating. There is a Pelosi produced graph that leaves a totally different impression, and the fallacy of it will need to be dealt with since it will certainly get more play than this one.

  11. OT (slightly)

    How low will Obama go..the evidence of OBL movie seeping in..unbelievable

    http://www.judicialwatch.org/press-room/press-releases/13421/

  12. My may be a liar – but I am a rich liar!

    Let me be clear, I am running up your debt so that my cronies can get paid and I will stay in power. It’s that simple!

    If I hire another 300 Czars at $248,000 per year and give each one a chauffeur driven limousine plus a free gas card, it will cost about 300 million dollars more per year.

    Better yet, the paper work and red tape these Czars generate will be 10 times that amount – it will be trillions of dollars! It takes a lot of money to spend other people’s money!

    Here is what I am doing, I am spending $2 trillion dollars after seeing the one trillion dollars spent so quickly – very few votes were bought.

    Spending other people’s money with speed are the keys to success. Heck, the stupid Tax payer did not have time blink before another $2 trillion went on their collective credit card. Just image in four more years I will have heaped on $9.2 Trillion to $10.6 Trillion of debt!

    If I can continue to spend $10 trillion and raise gas prices to $10 per gallon I can finally bankrupt America.

    Inflation will go through the roof! Each person will have to carry two grocery bags full of one-hundred dollar bills just to by one bag of groceries! Buying gas tank will be grossly expensive. That’s Hope and Change at work. But, I will need four more years to do the job.

    Four more years!

    Four more years!

  13. “real liberal outlets, like the Wall Street Journal:” WHAAAAAAAAAA? BHO thinks WSJ liberal? He truly has lost his marbles.

  14. #4 May 24, 2012 at 12:42 am
    Kk commented:

    You Are soooo ignorant as to be unworthy of

    anyone’s effort to educate your sorry a$$.

    Me keeping MY money (tax cut) does not cause

    Deficits. Spending or in this case, hyper spending

    Because Obama either wishes to destroy America

    Or he is inept. Which is it?! I say the former.

    Barry is not stupid, he’s a dangerous socialist.

    Look @ Greece, Spain etc. All of them going down

    In flames. We did not start down this path till

    LBJ war On poverty and medicare. Get a clue.

    Sometimes you idiot lobs amaze me with new

    Levels of stupidity. Your only alive due to

    a compassionate conservative. Me,I’d kick your butt.

    Powder is dry

  15. “Do you have any idea how much revenue the bush tax cuts are adding to the deficit?”

    Idiot. (Or is it “Liar”?) Federal income tax receipts went UP, and the federal deficit began going DOWN, after the Bush tax cuts took effect.

  16. (CBS News) The National Debt has now increased more during President Obama’s three years and two months in office than it did during 8 years of the George W. Bush presidency.
    ——-
    Are you going to believe your lying ears or Obama.It’s not about the economy,stupid.Even if it was,it would still be Bush’s fault. From Chicago to California,there must have been a Republican that “got us into this mess.” No,Obama isn’t the one to blame nor a Democrat. This would be unfathomable. All this time,Since 2006 when Dems had regained full control,it’s been the Republicans who have been spending recklessly.

    Remember this gem from when Democrats took control in 2006:
    “The days of the do-nothing Congress are over,” declared Democratic Sen. Harry Reid of Nevada, in line to become majority leader, adding that Americans spoke “clearly and decisively in favor of Democrats leading this country in a new direction.”



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