Thursday, February 5, 2015

Obama's 'I cut the deficit by two-thirds' lie

President Obama unveiled his proposed budget for the fiscal year that starts October 1. The first thing that strikes you is its enormity. Its a $4 trillion budget. Are we bringing in $4 trillion? No, were bringing in about $3.5 trillion, which was the amount of his first budget. But I thought he was cutting the deficits, you ask. He is when compared to the huge deficits of his first five years. I often call it the rogue fireman syndrome. The rogue fireman sets your house on fire then comes back in the fire truck to put it out and calls himself a hero.

Lets look at the facts. The deficit George W. Bushs last year in office was around $458 billion. That was largely because of the bank and auto bailouts. Obama not only continued those bailouts but added the now-infamous stimulusspending. What it did was accelerate the debt. Now, keep in mind that Bushs last deficit was $458 billion. Obamas first deficit was $1.4 trillion. Thats a trillion more than what he inherited or three times the last Bush deficit. 

And the stimulus was supposed to be a one-time thing, right? Obama made it an ongoing part of the budget, which meant that we not only ran a deficit his first year of $1.4 trillion but the next it was $1.3 trillion and the next $1.3 trillion and the next $1.1 trillion. When it hit $680 billion the fifth year he then claimed he had cut the deficit in more than half, which he had, but he didn't mention that he had tripled the deficit his first year in office.

Another way to put it in perspective is to look at this years projected deficit. Its roughly $582 billion. Thats well over $100 billion more than George Bushs last year in office when he was bailing out businesses left and right. Were supposed to be in a recovery and were still spending like were trying to head off a recession.

Obamas proposed budget for the fiscal year starting October 1 gives us a $474 billion deficit. These are the White Houses own figures. They estimate that by 2020 the annual deficit will be $554 billion. What this means is the amount we pay each year just on interest on the debt will triple. Some economists estimate that by 2030 well be paying 40 percent of the money coming into the treasury just to service the debt. In other words, 40 percent of the money that could be spent on defense or social programs or whatever you like will, instead, go to pay the interest on the debt. And thats just the interest. It doesnt pay the debt down one dime. In fact, were looking at half-trillion-dollar deficits as far as the eye can see. That means that by 2020, in just 5 years, our debt will be over $20 trillion.

Lets face it, theres no way we pay back the money we owe now. At $18 trillion it would take us six years to pay it off if we used every cent thats coming into the treasury in taxes. And, of course, not only are we not using any of the money coming in to pay off the debt, were hemorrhaging by about $500 billion a year.

And what does Obama propose? Tax the rich and the corporations and continue to spend money like theres no tomorrow. At this rate there may be no tomorrow. If there is, its going to look considerably worse than today. And he, quite frankly, just doesnt care. 

Phil Valentine is the host of the award-winning, nationally syndicated talk radio show, The Phil Valentine Show.


  1. I think Obama is attempting to outdo himself with each passing day. One outreagous lie after another. I thought his crowning achievement in the BS Dept. was Obama care. To have the populace of this country not question adding millions of people to the health care roles, and believe they would save, on average 2,500 dollars, is asthonishing. Math should be mandatory, particularly for politicians. He will have nearly doubled the national debt, when his failed Presidency comes to a thankful end. A combined total of more than every past President


  2. Happy Diwali Hd wallpapers diwali wallpapers, happy diwali wallpapers, Diwali Messages 2015, diwali wallpaper hd, diwali wallpaper download

    Happy Diwali 2015 | Diwali wishes 2015 | Diwali Wallpapers | Diwali Quotes | Diwali Quotes 2015

    New Year-Resolutions 2016 text messages for free. Download free Happy new year 2016 sms wishes, quotes and messages

    Send and share the best Christmas 2015 greetings Happy Christmas quotes to your loved ones and spread lots of Christmas cheer!

    New Year SMS Collection, Send Free Happy new year 2016 sms New Year SMS to Friends. SMS Collection For Everyone.
    Happy new year 2016 wallpapers | Happy new year Quotes 2016 | Happy new year 2016 wallpapers

    Valentine day 2016

    Christmas Images 2015

    Education News updates
    Bollywood Movies collection

    Bigg Boss Season 9 Winner |
    Bigg Boss 9 Live Feed 24X7 |
    Bigg Boss 9 winner

    Bigg Boss 9 Contestants List, Bigg boss season 9 Host, watch Bigg boss 9 watch live 24/7, Bigg boss 9 Winner , Bigg Boss 9 Winner
    , Episodes, Votes, Starting Date

    Happy New Year 2016 Images, Happy New Year Wishes 2016, New Years Eve 2016, New Year Quotes 2016, New Year Greetings 2016.

  3. Mother’s Day is celebrated for our family most special person our mother. mothers day quotes from son Mother is a god gift for all people in the world. Every son/daughter is celebrated Mother’s Day for their mother; they express their feelings, love, and joy with their mom. Mother’s Day is celebrated in all over the world on different days; it means Mothers Day Date is not same in all over the world. In most countries, Mother’s Day is celebrated second Sunday of month May. Mother’s Day was first celebrated in 1908 when Anna Jarvis held a memorial for her mother at St Andrew’s Methodist Church in Grafton, West Virginia. St Andrew’s Methodist Church now holds the International Mother’s Day Shrine.

  4. informative post , hope you write many such articles, do check
    religious memorial day images and memorial day images 2017

  5. The best collection of Happy Mothers Day 2017 Images, Photos, Pictures, Wallpapers, Mothers Day Quotes, Wishes, Messages, Greetings,
    Happy Mothers Day Poems & Sayings, Mothers Day Messages, SMS, Text Messages,
    fathers day images 2017
    fathers day wallpapers 2017
    fathers day pictures 2017
    fathers day cards 2017
    Happy fathers day images 2017
    fathers day quotes 2017
    fathers day wishes 2017
    fathers day messages 2017
    fathers day status 2017
    fathers day poems 2017
    Memorial Day wishes 2017
    Mothers Day WhatsApp Status & Facebook Status, DP Images,
    Mothers Day FB Profile Pics, FB Timeline Cover Photos etc.

  6. I just couldn't leave your website before telling you that I truly enjoyed the top quality info you present to your visitors? Will be back again frequently to check up on new posts.

    blouse back neck designs catalogue
    i love you messages
    i miss you so much my love

    This site have clear software articles which shows up, doubtlessly, to be a key and key for you single, fit software installation.This is the spot you can get helps for any software installation, usage and cracked.

    This site have clear software articles which appears, plainly, to be a key and key for you single, fit software installation.This is the spot you can get helps for any software installation, usage and cracked.

    This site have clear software articles which shows up, clearly, to be a key and key for you single, fit software installation.This is the spot you can get helps for any software installation, usage and cracked.

    This site have clear software articles which appears, obviously, to be a key and key for you single, fit software installation.This is the spot you can get helps for any software installation, usage and cracked.

    PowerISO Key is a powerful CD, DVD, BD image file processing tool that allows you to open, create, encrypt, split, edit, extract, burn, compress, and convert ISO files and mount ISO files with an internal virtual drive. PowerISO with Crack also supports Direct-Access-Archive (DAA) file. DAA is an advanced format for image file, which supports some advanced features, such as compression, protection, password and splitting to multiple volumes. You can burn, create, extract, and mount image files. You can create Data CD, Audio CD, Video DVD, Data DVD, or VCD. It supports almost all CD, DVD, BD-ROM image file formats such as ISO, NRG, DAA, CDI, BIN, and many more. You can easily make bootable ISO file and create bootable USB drive, bootable DVD and CD.

    Windows 8.1 Activation Key gives an appealing look to your desktop. Another improved feature includes all apps screen. It provides a preview of all of the applications in the PC. You can sort this list according to your choice. Bing-powered unified search system allows you to search for any app. Apart from this, you can also make web searches easily. This well-built feature allows everything under your fingertips.

    Autodesk AutoCAD Activation Key allows you to import your data from PDF files so that you can collaborate with your teammates as you review your drawings and models. Also, it will enable you costume customize your the user interference To streamline your task and access its features and functionalities much easily. It helps you in preventing product failures and warranty issues to update the products and improves their performance.

    IPVanish VPN Crack an online censorship facility. It also serves the commercial sector, such as universities, employers, and governments all over the world. Its allows the users to log in to the area restricted websites. It manages Oh, let’s network internally, so there are no chances for hackers to track you. It owns over 1,300+ anonymous servers. These servers insured that you are surfing the Internet at a fast speed, and you have unrestricted Internet access. It has a multi-step approach that protects photos, videos, and other sensitive documents.

    EaseUS Partition Master Serial Key is founded in 2004 and up till now it is being used in more than 160 countries around the world. This powerful tool is trusted and used by millions of users due to its extensive and high-quality features. Using this, you can copy the entire hard disk or partitions, from small partition to large or large to small. In this way, you can replace or upgrade your disk without any data loss. It enables its users to extend a system drive to resolve low disk space issues. You can transfer Windows system data, including the configurations to new hard disk. It helps to migrate OS without reinstallation. You can keep your data and OS safe.

    Zoiper Crack uses a clear interface. A user is easily able to get a short while of configuration. It also contains an unambiguous interface. This software offers a high quality of voice and video calls. A user is easily able to make calls to its beloved ones. It also provides a reasonable soft phone client for Windows. Includes a virtual Dial pad display feature. It also consists of a natural interface. A user is easily able to handle the problem of finding contacts.

    Airserver Torrent also supports screen projection on the same WiFi network. It also includes the best user-experience. This software offers a very advanced level of mirroring technology. A user is easily able to display resolution to any resolution successfully. This software also allows its users to watch any videos and animations. A user is easily able to watch any movie on its computer system. It also supports all the features of iOS devices on larger screen very easily. Its interface is very user-friendly. Its installation process is very straightforward.

    Microsoft Office 2017 Serial Number + Keys an algorithm to recommend you the essential functions for each day. It gives you the functionality to the task management tool as well as offers their feedback to Microsoft. Its provides you with group collaboration that makes it easy to select people and collaborate with them. This group collaboration helps you in working with different people on different projects without getting complex permissions from each person.It now allows you to restore the deleted groups after a period of 30 days, add rules based on labels and manage security with policies. It will enable you many business-friendly video features like the ability to create sub-channels within groups, more natural control over user engine permissions.It is a powerful tool for business owners and clients.

  19. Brilliant job!

  20. Outstanding work!

  21. Thanks for this post, I really found this very helpful. And blog about best time to post on cuber law is very useful. Visit My Site atozcracksoft


  22. Thanks for sharing such great information, I highly appreciate your hard-working skills which are quite beneficial for me. Visit My Site farooqpc


  23. This article is so innovative and well constructed I got lot of information from this post. Keep writing related to the topics on your site. Visit My Site ProCrack4pc


  25. Thank you, I’ve recently been searching for information about this subject for a long time and yours is the best I have found out so far. Visit My Site freeprokeys

  26. Such a nice and helpful piece of information. I’m so happy that you shared this helpful information with us. Please keep us up to date like this. Thanks for sharing. Visit My Site free4pc

  27. I really enjoy reading your post about this Posting. This sort of clever work and coverage! Keep up the wonderful works guys, thanks for sharing. Visit My Site up4pc

  28. Thanks for the post. Very interesting post. This is my first-time visit here. I found so many interesting stuff in your blog. Keep posting.Visit My Site Wiki4pc

  29. You have shared such a nice information here.. Thank and also view. Visit My site khokharpc

  30. Hello sir, your web site is lovingly serviced and saved as much as date. So it should be, thanks for sharing this with us.
    i also found some helpful sites like yours. Visit My Site idmcracksetup

  31. Hi! I love your writing! in the connection, we keep another contact
    about your article on AOL? I need an expert in this field to solve my problems.
    Maybe you are! I look forward to seeing you.
    wondershare vdownloader crack
    wondershare dr fone crack
    hard disk sentinel pro crack
    avast cleanup activation code crack

  32. I generally like the blog and I really respect your content.
    Phrases are my favorite.
    I will bookmark your site and continue to explore new data.
    microsoft security essentials crack
    z3x samsung tool pro crack

  33. Until Dawn Game Download Free Full Version For Pc Until Dawn Pc Download: is a 2015 release horror and adventure video game. Supermassive Games.
    counter strike source highly compressed

  34. this blog is an innovative and
    unbeatable blocking engine audio and video mixing software. It is one of the
    most popular programs in the entire market and it became the first program.
    norton internet security
    microsoft toolkit 2 6 8 and office 2020 latest
    autocad autodesk crack

  35. Very soon this website will be famous amid all blog viewers,
    due to it’s good articles
    pc mechanic crack
    microsoft office professional
    reimage pc repair crack

  36. It's a place where everyone can find something that interests and excites them. With the OK app, you can: – Stay in touch with your nearest and dearest
    neuronation premium apk

  37. That is very interesting, You’re an overly skilled blogger. I’ve joined your rss feed and look ahead to in the hunt for more of your magnificent post. Additionally, I’ve shared your website in my social networks. premiumcrack

  38. Your source for fun, free mobile and PC download games. Thousands of free ... Download or play free online! ... Here is the Exact Arcade Version of Dig Dug!
    nfs hot pursuit remastered torrent

  39. sketchup-pro-crack
    can be really an exact productive and robust tool for several design levels out of ancient stages to conclude evolution. Besides programming diagrams, designing info, documentation, Plus more may achieve utilizing this specific particular crack

  40. Your source for fun, free mobile and PC download games. Thousands of free ... Download or play free online! ... Here is the Exact Arcade Version of Dig Dug!
    prince of persia the two thrones highly compressed 10mb

  41. I really enjoy reading your post about this Posting. This sort of clever work and coverage! Keep up the wonderful works guys, thanks for sharing. scriptcase crack

  42. I really enjoy reading your post about this Posting. This sort of clever work and coverage! Keep up the wonderful works guys, thanks for sharing this website

  43. Such a great and nice information about softwares. This site gonna help me alot for finding and using many softwares. Kindly make this like of content and update us. Thanks for sharing us IDM Crack Kindly click on here and visit our website and read more.
    IDM Crack
    Remo Repair RAR Crack
    Corel PaintShop CleanMyMac X Crack
    IObit Uninstaller Pro Crack
    WonderShare MobileTrans Crack

  44. Here's the softwares that you can use free. You guys just visit our site and get all the latest and older softwares Smadav Pro Crack Kindly click on here and visit our website and read more.
    Smadav Pro Crack
    Zoiper Crack Apk Free Download
    CloudMounter Crack
    Apple Keynote Crack
    Firefox Crack Free

  45. Your source for fun, free mobile and PC download games. Thousands of free . Download or play free online! . Here is the Exact Arcade Version of Dig Dug!
    sims 4 highly compressed 100mb for pc

  46. Your source for fun, free mobile and PC download games. Thousands of free . Download or play free online! . Here is the Exact Arcade Version of Dig Dug!
    max payne 2 highly compressed for pc full version