President Obama Denounces Republican 'Wild Debts': I'm Not an Over-Spender

Yahoo ^ | 5/23/12 | Devin Dwyer | ABC OTUS News

[NormsRevenge]

COLORADO SPRINGS, Colo. - At a fundraiser for his re-election campaign in Denver tonight, President Obama set out to upend conventional Republican wisdom that his administration has been defined by excessive government spending.

"I'm running to pay down our debt in a way that's balanced and responsible. After inheriting a $1 trillion deficit, I signed $2 trillion of spending cuts into law," he told a crowd of donors at the Hyatt Regency. "My opponent won't admit it, but it's starting to appear in places, like real liberal outlets, like the Wall Street Journal: Since I've been president, federal spending has risen at the lowest pace in nearly 60 years. Think about that."

Obama was referring to an analysis released this week by Rex Nutting, a reporter for CBS MarketWatch who is also affiliated with the Wall Street Journal. Nutting concluded that Obama has presided over the slowest growth in federal spending in decades.

"Government spending under Obama, including his signature stimulus bill, is rising at a 1.4 percent annualized pace - slower than at any time in nearly 60 years," Nutting wrote, citing data from the Congressional Budget Office, Office of Management and Budget and an independent financial firm.

"The big surge in federal spending happened in fiscal 2009, before Obama took office. Since then, spending growth has been relatively flat," he wrote. "Over Obama's four budget years, federal spending is on track to rise from $3.52 trillion to $3.58 trillion, an annualized increase of just 0.4 percent. There has been no huge increase in spending under the current president, despite what you hear."

[NormsRevenge]

I'm Not an Over-Spender

No. You're an embarassment.

Colorado today Silicon Valley overnighter-fundraisers 40K a plate a splash at the FoX Theater

Fundraising is not for the weary, yaknow

[NormsRevenge]

U.S. President Barack Obama (front R) shakes hands with well-wishers upon his arrival in San Jose, California May 23, 2012. Obama will hold two fund raising events before heading to Iowa on Thursday. REUTERS/Kevin Lamarque

[comebacknewt]

Only the most rabid in his base will believe this latest lie.

It is way too easy to expose the accounting trick they used to try to make this stupid argument.

[FlyVet]

Baseline budgeting. I projected a 50 trillion dollar debt, but I only spent 25 trillion, so I saved 25 trillion. Re-elect me.

[NormsRevenge]

U.S. President Barack Obama speaks at a campaign fund raising event in Denver, Colorado May 23, 2012. REUTERS/Kevin Lamarque

[Fred Hayek]

Liar, Liar, Pants on Fire.

[yldstrk]

unbelievable

[NormsRevenge]

Que Pasa, Muchachos and Senioritas.

[molson209]

said with a straight face ? The man is insane

[NormsRevenge]

He is what he is..

Ask Bill Clinton if you have any questions what 'is' is.

U.S. President Barack Obama applauds next to Missouri Governor Jay Nixon (2nd L) at the 2012 Joplin High School commencement ceremony inside the Leggett and Plant Athletic Center at Missouri Southern State University in Joplin, Missouri, May 21, 2012. REUTERS/Larry Downing

[princeofdarkness]

That Rex Nutting(or Nothing as some call him)tried to convince readers that Obama was a fiscal conservative compared to Bush. Fortunately, the great majority of commenters on the article were wise to these stupid accounting tricks by Nutting, and called him on it. The lib commenters tried to counter that Politifact claimed this was “mostly true” but that argument was also shot down.

[SoFloFreeper]

Debt under OBAMA has increased six trillion. He and his party are to blame. Period.

[bgill]

I’m not an over-spender but I can’t remember the last time I flew off on AF-1 on a date night to Paris and dined on lobster.

[hummingbird]

I usually don't despise people, but I'll make an exception with BHO.

[tsomer]

"spending growth has been relatively flat," he wrote. "Over Obama's four budget years, federal spending is on track to rise from $3.52 trillion to $3.58 trillion, an annualized increase of just 0.4 percent."

He's talking about the rate of increase.
If you spend a 500 billion over the 500 billion you spent last year, that's 100% increase. If you spend 500 billion more the next year, you have a 50% increase over the previous. See? Progress!

Let's see: before 'bam got in, we had eight years of Dem congress and house. Call them the Pelosi years.

We also had a little problem to straighten out with some Muslims. Seems they wanted to kill all of us.
Bush got the muslim thing more or less stabilized.

This was after Silicon Valley's bubble popped, by the way.

Then the bank crises hit. Maybe Bush should have let them crash and burn. I dunno.

Then came 'bam and he commenced to stimulate things.

He got real frugal with the Military budget and NASA, but less so with his social engineering plans. Not much to show for the stimulus.

The Dems kept both houses and they ramrodded Obamacare through.

But that hasn't started yet.

Nope, these programs are post-dated and will only hit next year. And they'll hit like a freight-train.

[DBrow]

Spending cuts. Constitutionally, the budget goes year-by-year except for the Navy, which is a 2 year cycle.

So when a president or Congress promises future spending cuts, it’s fantasy.
Imagine Jimmy Carter specified 30 Billion in spending cuts, to be effective 33 years later, would Obama and Congress be held to that? Heck no. Even spending cuts promised three years out have no meaning.

When, ever, has a promised future spending cut materialized?

Yes they think we are that stupid, it’s worked for over 40 years. We ARE that stupid. We elect them!

[nhwingut]

Obama took the one time outlay of TARP and made it the new norm. Simple as that.

Very easy for Repubs to mock.

[Twinkie]

Just yours and Michelle’s outlandishly lavish vacations alone have been OUTRAGEOUS in the face of what this country has been going through. - May these lies return in your face like boomerangs and hit like a hundred pound blivit!
(Twinkie to Obama)

[luvbach1]

Spinning like a whirling dervish. It’s a wonder he doesn’t end up as a puddle of butter.FUBO.

[Qbert]

(Source: media.photobucket.com)

[CottShop]

this pres is them ost bald-faced liar EVER! I trhink he honestly thinks he can get away with anyhting he wants to- He thinks he is beyond reproach, beyond being questioned, beyond having to answer to hisw lies

Never in my life have I come across such a bald-faced lair- I’ve known liars in my time, but he really takes the cake- it’s almost as if he throws this crap in our faces and dares us to call him on it

[Kickass Conservative]

What are the “actual’” Deficit Numbers for 2009 through 2011?

The graph needs to be updated.

[SatinDoll]

Look at that photo! BHO2’s suit is just hanging on him - he’s almost emaciated.

[Wisconsinlady]

What part of the Twilight Zone does O live in>

[rawhide]

“Tell a lie often enough, people will start to believe it.”

[Secret Agent Man]

The guy who wanted a 2 trillion stimulus but only got over 1 trillion says he isn’t an overspender.

A guy who’s been in charge of the national debt going from 10 to 15 trillion, isn’t an overspender.

A guy who’s in charge of a government spending over 3 billion more than it takes in, each day, isn’t an overspender.

A guy who says we’re not taxed enough because he needs more of our money to cover his excessive spending, isn’t an overspender.

That guy can’t own a single pair of pants that hasn’t been burnt by now.

[musicman]

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[Bellflower]

Never in my life have I come across such a bald-faced lair- I’ve known liars in my time, but he really takes the cake- it’s almost as if he throws this crap in our faces and dares us to call him on it

_______________________________________________

John 8:44 Ye are of [your] father the devil, and the lusts of your father ye will do. He was a murderer from the beginning, and abode not in the truth, because there is no truth in him. When he speaketh a lie, he speaketh of his own: for he is a liar, and the father of it.

1Timothy 4:2 Speaking lies in hypocrisy; having their conscience seared with a hot iron;

[21twelve]

I think Abbott and Costello do Obama’s accounting for him!

http://www.youtube.com/watch?v=xWIZ8h6X_QU

[OldArmy52]

How is Obama different from a psychotic?
Is he?

[pieceofthepuzzle]

If a baseball pitcher gives up four earned runs in his first game, eight in his second, and then ten in his third, is he showing improvement because his rate of increase in runs/game has decreased?

[Bellflower]

If a baseball pitcher gives up four earned runs in his first game, eight in his second, and then ten in his third, is he showing improvement because his rate of increase in runs/game has decreased?

Great analogy. Hope someone with visibility sees it and uses it! Maybe you should send it around to the talk show hosts and maybe Hannity, too.

[pieceofthepuzzle]

When you’re a fan of the MLB teams I am, it’s an easy analogy.

[WildWeasel]

Obama’s campaign is desperate and he’s going to lose the election. Reading this article and how Obama is trying to disown his own stimulus program passed in 2009 just shows what a failure he’s been.

Had it not been for the MSM that worships his every move, he’d be so far in the tank that even Jimmy Carter would look good compared to President Obama.

[StAnDeliver]

"After inheriting a $1 trillion deficit, I signed $2 trillion of spending cuts into law," he told a crowd of donors at the Hyatt Regency. "My opponent won't admit it, but it's starting to appear in places, like real liberal outlets, like the Wall Street Journal"

"In a 2004 study, Tim Groseclose and Jeff Milyo calculated the ideological bias of 20 media outlets by counting the frequency they cited particular think tanks and comparing that to the frequency that legislators cited the same think tanks. They found that the news reporting of The Journal was the most liberal, more liberal than NPR or The New York Times. The study did not factor in editorials."

[MustKnowHistory]

This is a good analogy. It is very difficult to find an example of this that the average person will understand. Here is my example:

It is as if a family, that has maxed out all its credit cards and has two mortgages, decides to buy an new care for $40,000. After careful consideration of their financial situation,they actually purchase a new car for $35,000, and then go around telling all their friends that they saved $5,000.

[trebb]

"Government spending under Obama, including his signature stimulus bill, is rising at a 1.4 percent annualized pace - slower than at any time in nearly 60 years," Nutting wrote, citing data from the Congressional Budget Office, Office of Management and Budget and an independent financial firm.

Let's see - you have been spending $800 billion a year, then you bumpt it to $2.5 Trillion, and from there you only increase it at 1.4%, so you're actually being fiscally conservative....

[St_Thomas_Aquinas]

-—This pres is them ost bald-faced liar EVER!-—

He is taking full advantage of the complicit media —the same media that got him elected.

Destroying the establishment media is job #1.

[carriage_hill]

Remember this from the 50s?

http://www.flickr.com/photos/bootsieking/3450317683/

[luvbach1]

Yes, that’s where the butter came from. Little Black Sambo was a harmless tale, but banned because of early PC. I remember a restaurant in San Diego in the 50s called Sambo’s. Not only did it have that name, its walls bore illustrations from the Little Black Sambo story.

[SunkenCiv]

Thanks NormsRevenge. And think how many partisan media shills are going to glom on to this ridiculous lie of Zero's, on NPR, PBS, and the Sunday talking (out of their asses) shows -- his campaign to establish a single party state has taken another dangerous turn.

The Ministry of Truth by ~Jan3090 on deviantART

[carriage_hill]

There’s still one restaurant left, with the Sambo’s name:

http://www.sambosrestaurant.com/

I’d go eat there, if I’m ever on the Left Coast again on business, which I probably won’t be.

[chessplayer]

Saddest thing is he truly believes he’s not over spending.

[exit82]

My Abbott and Costello favorite: 13 x 7 = 28:

http://www.youtube.com/watch?v=Lo4NCXOX0p8&feature=related

[OafOfOffice]

Gee Obama, who was in charge of congress spending since 2007? Reid, Pelosi, Obama ring any bells?

I read a story where Pelosi refused the military any money unless Bush allowed her to spend.

[luvbach1]

Apparently the Sambo’s I remember in San Diego was part of the chain, of which the only one left is in Santa Barbara. I didn't know there were once over 1,000 nation-wide.

[carriage_hill]

Surprised me too.

[21twelve]

My favorite too! (With Shemp!) But I thought I would search for one with money. I was listening to Rush Limbaugh this morning, and the way he was explaining how they calculated it, it really could have been a good Abbott and Costello routine:

So the budget for 2009 is made in 2008?

Correct!

But when 1 trillion is added by the new president in 2009, it is for 2009.

Correct.

So that is Obama’s budget!!

Wrong! The budget for 2009 was set in 2008, when Bush was president - so it is, once again, Bush’s fault!

[SoDak]

Lying bald-faced...because he can, and the state run media will assist. Up is down, black is white, wrong is right. I don’t know that this country will ever come out of this tight spot between a corrupt government and press. How can you battle this?

[NormsRevenge]

I don’t know that this country will ever come out of this tight spot between a corrupt government and press. How can you battle this?

—

More cowbell?

No.

More cowpies!!!

It’s always darkest before the dawn, yaknow.

This is just a phase we’re going thru. Yeah, That’s it. It’s just a phase.

Folks in the media will snap out of it, Right? They must see the danger in an all powerful gubamint.