Wednesday, February 16, 2011

Barak Hussein Obama: Math Challenged or Integrity Challenged?


You make the call, folks.

(*SHRUG*)

Judson Berger - Fox News:

The Obama administration's statement that "the government will not be adding to the debt by the middle of the decade" clashes hard against the facts, Republicans say, leaving officials straining to justify the budget claim they've pushed repeatedly over the past few days.

O.K. Tell me more.

As it turns out, the administration is not counting interest payments.

Why you piece of...

(*SHUTTING MY MOUTH*) (*GRITTING MY TEETH*)

"We're still going further into debt, massively," Sen. John Ensign, R-Nev., told White House Budget Director Jack Lew at a budget hearing Tuesday, accusing the administration of "double-talk."

Double-talk...?!?! Bull! Call it what it is - yet another hard piece of evidence pointing to Barak Hussein Obama's apparent level of confidence serving as the nation's Liar-In-Chief.

Anyone who gives the budget chart a cursory glance can see the debt will continue to skyrocket under the White House proposal. In fact, the long-term outlook shows the public debt - which isn't even the entire debt - soaring from about $11 trillion this year to nearly $19 trillion in 2021.

Driving that increase is the fact that annual deficits will never fall below $600 billion.

Folks... we've got a real problem on our hands. We can't trust a word this man says.

To put the [Obama] scenario in everyday terms, it's like a family claiming that they've balanced the family finances, but neglecting to mention that they're taking out a new loan every month to pay off credit-card interest. As a result, the family keeps going deeper into debt.

I'm sorry, folks; this man is a liar and a fraud. Incompetence is one thing - America survived Jimmy Carter - but this isn't simple stupidity... this is purposeful destruction of the American economy.

If the government does what the Obama administration is recommending, net interest payments will go from about $200 billion this year to $844 billion in a decade.

I've actually heard and read interest payments on the federal could easily reach the $1 trillion mark - or beyond - by the end of the decade depending upon future interest rates.

Folks... if I know this, Obama and his top economic advisors know this. It isn't a secret.


Lew, in an interview Sunday on CNN's "State of the Union," said: "Our budget will get us, over the next several years, to the point where we can look the American people in the eye and say we're not adding to the debt anymore. We're spending money that we have each year, and then we can work on bringing down our national debt."

Obama, discussing his budget in Baltimore Monday, said the proposal "puts us on a path to pay for what we spend by the middle of the decade."

In his press conference the next day, Obama went further: "What my budget does is to put forward some tough choices, some significant spending cuts, so that by the middle of this decade our annual spending will match our annual revenues. We will not be adding more to the national debt," he said.

Folks... this man is a disgrace. He lacks basic integrity.

Under questioning from Senate Republicans Tuesday, Lew acknowledged the government would be adding to the debt by borrowing to pay interest, but still stood by his statements.

Folks... you can't make this shit up!

We've got a real problem here...

(*SIGH*)

No comments: