Posts Tagged ‘trillion dollars’

Obama Promised To Cut Deficit In HALF By Now; Instead He’s Given Us The Three Highest Budget Deficits IN HISTORY OF ENTIRE HUMAN RACE

May 17, 2012

Barack Obama is a documented liar so many times over it’s positively unreal.  But it’s not merely the sheer galling number of his lies, it’s the magnitude of importance of the things he lied about, that most undermines America.

Sometimes a video is worth a thousand words:

WASHINGTON – The Republican National Committee (RNC) released a new web video “Empty Promises: Debt and Deficits” demonstrating President Obama’s repeated broken promises when it comes to spending. Barack Obama promised to cut the deficit in half by the end of his first term but has run trillion dollar deficits every year since. Now, as he’s campaigning for a second term, he’s making the same empty promises he made four years ago.

Web video can be viewed here.

Download the web video here.

“President Obama has broken his promise over and over when it comes to reining in Washington’s out of control spending,” said RNC Chairman Reince Priebus. “During the campaign, he lambasted the growing debt and, once elected, he pledged to cut the deficit in half by the end of his first term.

“Yet, President Obama’s record has been to double-down on Washington’s out of control spending by running trillion dollar deficits every year he’s been in office. His serial disregard of the nation’s finances is mortgaging our children’s future, guaranteeing that the next generation will not be better off.

“Barack Obama is right–the American people are tired of politicians who talk the talk but don’t walk the walk when it comes to fiscal responsibility. After four years of lip-service on spending, it is clear that Barack Obama is just a typical politician, saying one thing to get elected and doing another once in office.”

Speaker of the House John Boehner provided many of the details in print:

In his first speech to a joint session of Congress in 2009, President Obama promised to “cut the deficit in half” by the end of his first term. As the Associated Press said at that time: “In calling for a deficit of about $530 billion in four years, [President] Obama has established a marker by which to measure his first-term performance as president. The dollar figure could be his albatross or his badge of success.” Three years and three trillion-dollar deficits later, it’s clear that President Obama will not be brandishing any badges at this year’s State of the Union Address. Here’s more on President Obama’s broken promise to rein in the deficit:

  • President Obama and Washington Democrats Have Run the Three Largest Deficits in U.S. History:

FY2009 Deficit: $1.413 Trillion, the Highest in U.S. History. (Congressional Budget Office, 11/7/11)

FY2011 Deficit: $1.299 Trillion, the Second Highest in U.S. History. (Congressional Budget Office, 11/7/11)

FY2010 Deficit: $1.294 Trillion, the Third Highest in U.S. History. (Congressional Budget Office, 11/7/11)

  • President Obama Has Added More Than $4.6 Trillion to the Debt Since Taking Office. (U.S. Treasury Department, Accessed 1/22/12)

Far from fulfilling his promise to the American people, President Obama – aided by Democrats in Congress – has engaged in a reckless spending spree that is damaging the economy and making it harder to create private-sector jobs. Instead of putting forth a serious, credible plan to cut spending and address the major drivers of our debt, President Obama punted – offering a budget last year that failed by a vote of 97-0 in the Senate.

Appearing on Fox News Sunday earlier this week, House Speaker John Boehner (R-OH) reaffirmed Republicans’ commitment to “real reform of our entitlement programs and real controls on spending here in Washington.” Republicans, led by Speaker Boehner, tried to work with the president to enact a major deficit reduction law — including new revenues, through tax reform with lower rates for all — but the president insisted on job-killing tax hikes on small businesses, opposed real spending cuts, and declined to support reforms to strengthen entitlement programs. House Republicans have led where President Obama has failed, and it is now up to Senate Democrats to do their job and pass a budget for the first time in 1,000 days. The American people “can’t wait” another three years for an economy that creates jobs, and a government that fulfills its “most basic responsibility of governing,” and they shouldn’t have to.

This issue is coming back again like a boomerang due to Obama’s failed leadership.  Because the same man who demonized George Bush as being “un-American” and a “failed leader” for trying to pass a debt ceiling extension – and then VOTING AGAINST FUNDING THE GOVERNMENT – is demanding a FOURTH debt ceiling extension himself after his last three were the highest in the history of the human race.

Obama’s budgets are so bloated and so bad and frankly so vile that NOT EVEN ONE SINGLE DEMOCRAT WILL DRINK HIS CYANIDE KOOLAID BUDGETS.  And the Democrat-controlled Senate just proved that yet again by voting 99-0 against Obama’s demon-possessed budget.

The only thing Obama knows how to do is campaign.  Which is why he’s already had more fundraisers than the last five presidents – three of whom served for two full terms – COMBINED.