Posted on 04/13/2011 9:30:50 AM PDT by sunmars
(Reuters) - President Barack Obama will set a goal of reducing the U.S. deficit by $4 trillion in the next 12 years or less in a speech Wednesday, a congressional source said.
His plan would curb the U.S. deficit to 2.5 percent of GDP in 2015, and by 2 percent toward the end of the decade, the source said.
(Excerpt) Read more at reuters.com ...
did he just have the audacity to say “my finely toned political instincts tell me this is correct”.
Lemme guess. By raising taxes?
LOL! Yes he did!
talk about arrogance.
In other words, if you and your spouse make anywhere near $200K a year, you are about to have your income and assets confiscated. The Obama Plan is a less brutal version of what happened in Russia in the early 1920s and in China in the 1940s and 1950s. Don’t be surprised if the Obama Youth accost rich people, make them wear dunce caps and march them down the street.
And have you noticed that when he refers to those extensions, he claims that he reduced taxes for American citizens. Liar. He did no such thing.
His party couldn't pass a budget.
Four months ago he agreed to extend the "Bush tax cuts" for two years, now he aims to reverse that agreement.
In 2006, he claimed raising the debt ceiling was a failure of leadership and voted against it. Now he's calling his vote a mistake.
His deficits are phenomenal in size, equalling in a single month deficits Bush took an entire year to amass.
Economic growth is down, forecasted at 2.8%.
Even officially, unemployment is over 9%.
Gas prices are over $4/gal.
It's time for the "professorial president" to LECTURE us again!
Worth repeating, except louder:
He has been AWOL on deficit reduction for 30 months. His budget proposals have each asked for more spending, not less.
His party couldn't pass a budget.
Four months ago he agreed to extend the "Bush tax cuts" for two years, now he aims to reverse that agreement.
In 2006, he claimed raising the debt ceiling was a failure of leadership and voted against it. Now he's calling his vote a mistake.
His deficits are phenomenal in size, equalling in a single month deficits Bush took an entire year to amass.
Economic growth is down, forecasted at 2.8%.
Even officially, unemployment is over 9%.
Gas prices are over $4/gal.
It's time for the "professorial president" to LECTURE us again!
4 trillion reduction in 10 years from a present day 14 trillion dollar debt. This man is an arse!
Campaign speech. Saying nothing. Bashing republicans.
GGGGGGGGGGRRRRRRRRRRRRRRRRRR
Typical Dem ploy. Spend the government into oblivion the first few years after achieving a majority. Then confiscate the public’s assets thru taxation to pay for it. Create the crisis first then confiscate assets to pay for it to create a Euro socialist state.
Someone needs to tell liar Obama that actions speak louder than words. He puts up record spending the last two years and now claims he wants to cut the deficit. Complete BS on his part. Obama is going to have a lot tougher time selling his hope and change BS this time around. Now he has a record to be thrown back in his face.
Oh how I hate that lying bastard.
I’m guessing a formula of combined tax increases and spending cuts. He will go one for two with this plan and claim that his .500 average entitles him to induction in the POTUS Hall of Fame.
This is like asking the Nazis to come up with a multicultural program.
You rich guys can’t itemize anymore...
why the time change???
Obama preaching his ‘BULLSH!T AND LIES” AGAIN. give me a break
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