Our 'Dear Beloved Leader,' or he who has been described by some as being their "Lord and Savior," Barack Obama, recently made what I thought was a rather funny claim, and he was even able to so with a straight face. And by funny, I don’t really mean haha. Anyway, he made the claim that since he has been president both parties have worked together to cut the federal deficit by $2.5 Trillion. Now, I’m not sure how he comes up with that number because I know the national debt has increased nearly $6 Trillion during that period same time, which is actually more than it increased under all presidents from George Washington through Bill Clinton, combined. "Over the last few years both parties have worked together to reduce our deficits by more than $2.5 trillion," Barry said in a speech at the White House in which he called on Congress to avoid modest automatic cuts in anticipated spending that are set to begin on March 1.
Describing spending cuts that I can only assume must have taken place somewhere in the deep recesses of his narcissistic mind, Barry said, "More than two thirds of that was through some pretty tough spending cuts." Now I don't really recall any spending cuts having been made at anytime during Barry’s tenure thus far, neither of the "pretty tough" variety or any other kind. Barry continued with his rather bizarre fictional account of fiscal prowess, saying, "The rest of it was through raising taxes, tax rates, on the wealthiest one percent of Americans. And together, when you take the spending cuts and the increased tax rates on the top one percent, it puts us more than half way to the goal of $4 trillion in deficit reduction that economists say we need to stabilize our finances." I really don’t have the slightest idea what he might be talking about, and I doubt he does either. After all, I’m sure it get quite difficult to keep track of all his lies.
It was back in August 2011, when Barry and House Speaker John Boehner cut a deal to give Barry an additional $2.4 Trillion in borrowing authority, and Barry was able to blow through that entire sum by Dec. 31. 2012. That’s freakin amazing! The legislation that Barry and Boehner agreed to back in 2011 also said that starting two years later, for you liberals that would be fiscal 2013, Congress and the president would begin cutting about $1.2 Trillion from the anticipated spending that the government would do in the following ten years. Automatic across-the-board cuts, the much talked about sequestration, in anticipated federal spending—split between defense and domestic spending--were supposed to begin on Jan. 1, if, by that date, Congress and Barry had not agreed to an alternative package of equivalent cuts. So here were are again, essentially at the same spot we were back in August of 2011.
But instead, Barry and Congress made the so-called "fiscal cliff" deal, which increased federal taxes, but as is usually the case, postponed the automatic cuts in anticipated spending until March 1, and reduced them from about $109 billion for this year to $85 billion. However, the actual amount of those automatic cuts is actually, in the big scheme of things, a rather miniscule $44 Billion. Barry’s claim to have made spending cuts actually appears pretty ludicrous when you put it up against the actual facts. And the fact is that when he was inaugurated on Jan. 20, 2009, the federal government’s debt was $10,626,877,048,913.08. As of the close of business on Feb. 14, 2013, the federal government’s debt was up to $16,540,800,290,147.46. Thus, since Barry has been president, the federal debt has increased $5,913,923,241,234.38. So I’m just not seeing where it might be that he cut $2.5 Trillion.
The federal debt was last below $5.913 trillion back on Feb. 1, 2002, during the time when that evil George W. Bush was still president. Federal spending and federal deficits have both increased sharply under Barry "Almighty." In fiscal year 2008, the last full fiscal year before Barry took office, the federal government spent $2.9716 Trillion. An astronomical amount by anyone’s standards, but far from we find it in fiscal year 2012, when the federal government spent a staggering $3.538 Trillion. In fiscal 2008, the federal deficit was $454.8 Billion. In fiscal 2012, it was $1.2967 Trillion. By this measure, Barry did not reduce federal deficits by $2.5 Trillion as he so proudly claims, what he did do was to actually increase the annual deficit by $841.9 Billion. Barry feels free to lie about such things because he knows that no one other than Fox News and those in Talk Radio are going to mention it.
So the propaganda campaign continues, perpetrated by both Barry and the congressional Democrats with both loudly and proudly proclaiming to be the excellent stewards of the people's money. But it’s all a farce, as they have essentially been doing nothing more than robbing from the rich and giving to those whom they deem as being 'poor' and disadvantaged. While Barry works to blame everything on the opposition, at the same time he insists that in no way do we have a spending problem and that if only those greedy rich folks can be forced into paying, what he calls, their fair share everything would be just fine. He sees no need to cut our obviously out of control spending, and his claim is nothing short of hilarious. But that hasn't kept from making all manner of claims that he just wants to make sure that everyone pays their fair share. Everyone, I guess, but those who make up the 50 percent of us who pay absolutely anything.
No comments:
Post a Comment