Tuesday, February 14, 2012

Obama’s phony $4 trillion in deficit ‘reduction’

By Bill Wilson


Only in Washington, D.C. can a proposed budget that increases spending and borrowing every single year be considered to somehow reduce the deficit. The latest Obama budget for Fiscal Year (FY) 2013 — and how the Administration is spinning it — was no exception.

According to Barack Obama himself, the proposal would somehow “reduce” the deficit by $4 trillion. By every measure, however, there is simply no way to get there.

An even bigger whopper was tossed out by departing White House Budget Director Jack Lew, who on Meet the Press said, “The president's budget has $1 of revenue for every $2.50 of spending cuts.”

The Office of Management and Budget’s (OMB) baseline for 2013-2022 says outlays will total $47.053 trillion. Obama’s proposed budget takes that to $46.959 trillion. Since spending actually increases every year under Obama’s proposal, the only cut is off of the baseline — and that’s just $94 billion of so-called “cuts”.

Meanwhile, OMB says revenues over the next ten years will total $38.391 trillion. Under Obama’s proposal, that goes up to $40.274 trillion — an increase of $1.883 trillion in taxes, mostly on job creators.
By our count, that’s about $20 of tax increases for every dollar of “cuts,” and those are not even real cuts to the actual budget. Spending would still increase every single year under Obama’s proposal. Meanwhile, the tax hikes are real.
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1 comment:

Anonymous said...

Want to thank all of you, for your Powerfull stand against Oboma & His Corrupted political partners.

But there is so much more we can do. Being aggressive and focusing on the facts and truth is only the first step.

We musT follow Up with more details standing by our convictions and dont back down.

Oboma has NOT brought CHANGE, In fact ~! ~ THE ONLY real THING needing CHANGE !....Was Barack Hussein Obama II.

HIMSELF

Barack Hussein Obama II (

Who hates American Values ) who is A " SELF PROCLAIMED Enemy" ~of responsible, Morally Conscious HARD WORKING Americans.

oBOMAS Irresponsible & DRUG MAFIA and reckless supporters KNOW~ that Barack Hussein Obama II, WILL FORCE YOU to paY THEM, out of your PockeT .{ FOR all of their UNCHECKED Vices and THRILLS/

{ All on YOU

| / At your COST & Sacrifice.\

...This UN~CHANGABLE fraud, has done His VERY BEST to Inspire VIOLENCE.

THESE ARE OBAMAS OWN WORDS.. saying ......To his supporters.Saying “Get ready for hand-to-hand combat with your Fellow Americans” – Obama has ALSO DECLARED to his Supporters. “I want all Americans to get in each others faces!– Obama Demands !

“You bring a knife to a fight pal, we’ll bring a gun” –

THESE ARE OBAMAS OWN WORDS.. ANGER VIOLENCE And more taxes..... THIS IS OBAMAS Change for america /“Hit Back Twice As Hard”. He commands ! *Obama on the private sector: ~~ “We talk To these folks…~ / so I know whose a*$ to KICK.“ OBOMA wants to KICK your a*$ /```

Shouting THAT Republican victory would mean ~ “hand to hand combat” and HE IS EXPECTING people to be on Edge and ON BORDERLINE killing MODE, `` VIOLENT / and STAND and STOMP and MOB for their immoral CAUSES and THIS IS WHAT HE LIVES FOR ./ ./ ./ THESE ARE OBAMAS OWN WORDS.. !* Obama Tells democrats: “ I’m itching for a fight.” !

....PLEASE.... go to reXes NEW WebsiTe ~ ! Oboma *( Just like Adolf Hitler~~\oBOMA~~~ Demands ! -- [ THE FINAL SOLUTION - for Un~Wanted Children

Barak Obama is A MURDERER .~Torturing UNWANTED babys on DEATH ROE.

CLICK HERE http://obomlnation.webstarts.com/index.html

OBAMA TAKES a little NEW BORN innocent child, BORN ALIVE sTabS it iN the head and SUCKs ITS BRAINS OUT.

This is just too wrong and horrible. Please stand for Loving Children and the USA.

Respectfully and Thankfully Thank you ALL for your Time.

To see HORRIBLE HONOR Killings~` HATE CRIMES ]`~ ! eXecuted by the CLINTON,RENO and ATF Media WHO COMMITTED H0NOR KILLINGs [

SLAUGHTERING }] 21 LITTLE Helpless Children at Waco.

Click Here http://obomlnation.webstarts.com/partly_born_totally_murdered.html