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ABC: Obama Falsely Claims He Has a Plan to Cut $4 Trillion from the Deficit
Weekly Standard ^ | October 4, 2012 | JOHN MCCORMACK

Posted on 10/03/2012 10:47:01 PM PDT by Cincinatus' Wife

"I've put forward a specific $4 trillion deficit-reduction plan," President Obama said during his debate with Mitt Romney on Wednesday night. "It's on a website. You can look at all the numbers, what cuts we make and what revenue we raise."

ABC's Jon Karl correctly calls Obama's claim "mostly fiction."

>>>Does President Obama have a plan to cut the deficit by $4 trillion?

No. The “$4 trillion plan” he is referring to includes about $1 trillion Congress has already agreed to and $1 trillion in savings from ending the wars in Iraq and Afghanistan, which are already ending.

This would be Mostly Fiction.<<<

The Washington Post’s Glenn Kessler has also noted Obama's claim is "simply not accurate," and pointed out that “virtually no serious budget analyst agreed” with the administration’s accounting. Andrew Stiles of the Washington Free Beacon has more on Obama's false budget claim:

>>>Keith Hennessey, a former director of the National Economic Council, estimated the true value of Obama’s deficit reduction—minus these gimmicks—to be about $2.8 trillion, and called even that reduced figure a "generous" assessment.

The president’s budget, for instance, takes credit for about $1 trillion in spending cuts that were already signed into law in 2011, and should already be incorporated given that they fall outside the 10-year budget window.

The budget also includes another $800 billion in phantom savings related to the military drawdowns in Iraq and Afghanistan—money that would never have been spent to begin with—and another $800 billion in projected savings due to reduced interest payments on the debt, something not traditionally cited in federal budget documents as a form of government “spending” that can be “cut."<<<

As Bill Clinton's chief of staff Erskine Bowles has said, the president's budget is simply not a serious budget like Paul Ryan's budget:

>>> “Have any of you all met Paul Ryan? We should get him to come to the university. I’m telling you this guy is amazing. ... He is honest, he is straightforward, he is sincere. And the budget that he came forward with is just like Paul Ryan. It is a sensible, straightforward, serious budget and it cut the budget deficit just like we did, by $4 trillion. … The president as you remember, came out with a budget and I don’t think anybody took that budget very seriously. The Senate voted against it 97 to nothing."<<<


TOPICS: Business/Economy; Editorial; Government; Politics/Elections
KEYWORDS: 2012debates; budget; deficit; economy; obamalies; presidentialdebate

1 posted on 10/03/2012 10:47:12 PM PDT by Cincinatus' Wife
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To: Cincinatus' Wife

What also has been failed to be mentioned is that the wars were financed with borrowed money.

So, if the amount “saved” by ending the wars was $1T and Obama wants to spend $500B of the “savings” domestically - he has to borrow $500B MORE, or print “Mo’ Money” [driving down the value of the dollar further] ...


2 posted on 10/03/2012 10:53:13 PM PDT by Lmo56 (If ya wanna run with the big dawgs - ya gotta learn to piss in the tall grass ...)
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To: Cincinatus' Wife

Clinton must be REALLY pissed!
He was at UNH today espousing O’Bambies record.

Who gave Barack the “fun pills “again?


3 posted on 10/03/2012 10:56:10 PM PDT by acapesket
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To: Cincinatus' Wife

Did hell just freeze over or did ABC just call out Obama for one of his lies


4 posted on 10/03/2012 11:02:13 PM PDT by Sarah Barracuda
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To: Cincinatus' Wife

Blood in the water.


5 posted on 10/03/2012 11:08:43 PM PDT by dead (It ain't over until the phone lady sings.)
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To: Cincinatus' Wife

Poor DU...their last hope was that some “fact checkers” would tell America about all the lies Romney told.


6 posted on 10/03/2012 11:08:55 PM PDT by Tex-Con-Man (T. Coddington Van Voorhees VII 2012 - "Together, I Shall Ride You To Victory")
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To: Tex-Con-Man

Just wait when DU finds out what reality really is..


7 posted on 10/03/2012 11:12:45 PM PDT by American Constitutionalist
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To: Cincinatus' Wife
How can he have a plan to fix the economy if he can't even send a bidet to the Congress?
8 posted on 10/03/2012 11:13:28 PM PDT by fella ("As it was before Noah, so shall it be again,)
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To: fella

bidet = budget; curse you spell check!


9 posted on 10/03/2012 11:16:31 PM PDT by fella ("As it was before Noah, so shall it be again,)
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To: Cincinatus' Wife
The perfect song about this time in Obama's presidency:

Yo Time Is Up

10 posted on 10/03/2012 11:16:54 PM PDT by Slyfox
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To: Sarah Barracuda

I don’t buy it. VOIDH


11 posted on 10/03/2012 11:17:52 PM PDT by UltraV ("Romney was channeling Reagan. Obama was channeling Biden." - Glenn Reynolds)
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To: Lmo56; All

Chicago Tribune: “................Both of these men boast Ivy League degrees. And each has shown himself capable of tremendous personal achievement.

But on Wednesday night, one man behaved as if he wanted to use what he has learned in life to lift America from its torpor. The other man behaved as if he was still strolling across Harvard Yard.”

http://www.freerepublic.com/focus/f-news/2939882/posts


12 posted on 10/03/2012 11:20:31 PM PDT by Cincinatus' Wife
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To: Cincinatus' Wife
"ABC: Obama Falsely Claims He Has a Plan to Cut $4 Trillion from the Deficit

He must have charged a lot of ink erasers at Staples.
13 posted on 10/03/2012 11:21:24 PM PDT by clearcarbon
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To: Cincinatus' Wife

14 posted on 10/03/2012 11:24:49 PM PDT by JediJones (ROMNEY/RYAN: TURNAROUND ARTISTS ***** OBAMA/BIDEN: BULL $HIT ARTISTS)
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To: fella

Isn’t that one of them bathroom thingys?


15 posted on 10/03/2012 11:40:14 PM PDT by Guardian Sebastian
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To: Cincinatus' Wife

Obozo also claimed to have a plan to get us out of Iraq by May of 2008...


16 posted on 10/03/2012 11:42:35 PM PDT by Bon mots (Abu Ghraib: 47 Times on the front page of the NY Times | Benghazi: 2 Times)
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To: Guardian Sebastian
Isn’t that one of them bathroom thingys?

It's what he uses to send his Executive Orders and budgets out with.

17 posted on 10/03/2012 11:56:15 PM PDT by fella ("As it was before Noah, so shall it be again,)
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To: Cincinatus' Wife

I created an “Obama Lies” file on my computer. It is getting so filled I’m going to need another computer.

Kinda like all the stuff under Obama’s bus - piling up high and deep.


18 posted on 10/04/2012 12:14:46 AM PDT by MadMax, the Grinning Reaper
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To: fella

Bidet? He sends a Biden all the time. That functions better than both a budget and a bidet.


19 posted on 10/04/2012 12:15:43 AM PDT by Hardraade (http://junipersec.wordpress.com (I will fear no muslim))
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To: fella
he can't even send a bidet to the Congress?

Maybe he is keeping all the crotch-washers, er, bidets for himself?

I know you fixed it in the next post but I got this mental picture of a truck unloading a bunch of porcelain fixtures at the Senate Office Building... or maybe it was Bwarney Fwrank's place, whatever..

20 posted on 10/04/2012 1:25:22 AM PDT by NoCmpromiz (John 14:6 is a non-pluralistic comment.)
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To: fella

bidet = budget; curse you spell check!”””

NAH—you were closer to correct with the first word!!!


21 posted on 10/04/2012 6:48:13 AM PDT by ridesthemiles
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To: Cincinatus' Wife

Does anyone here on FR have a clear answer about the 1% ‘transaction tax’ which is supposed to be started on Jan 1st, 2013???

I am getting conflicting answers about whether it is happening or not.


22 posted on 10/04/2012 6:50:24 AM PDT by ridesthemiles
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To: Cincinatus' Wife
the president's budget is simply not a serious budget like Paul Ryan's budget:

The president's budget? Any budget he has submitted has been voted down, even by his own party! He has been operating with NO budget his entire term, courtesy of Harry Reid!

23 posted on 10/04/2012 7:04:48 AM PDT by NRA1995 (I'll cling to my religion, cigars and guns till they're pried from my cold dead fingers!)
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To: Cincinatus' Wife
I am not a mathematician, economist, or genius, but I could cut our deficit by 8 trillion in a heartbeat. Obama has positioned himself better than any president ever to do this.

Step #1) Run up a $2T annual deficit
Step #2) Stop running up a $2T annual deficit

Over 4 years, you will have cut $8T from the deficit. Simple really.

24 posted on 10/04/2012 7:47:24 AM PDT by BlueMondaySkipper (Involuntarily subsidizing the parasite class since 1981)
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To: Cincinatus' Wife
“Have any of you all met Paul Ryan? We should get him to come to the university. I’m telling you this guy is amazing. ... He is honest, he is straightforward, he is sincere. And the budget that he came forward with is just like Paul Ryan. It is a sensible, straightforward, serious budget and it cut the budget deficit just like we did, by $4 trillion. … The president as you remember, came out with a budget and I don’t think anybody took that budget very seriously. The Senate voted against it 97 to nothing."<<<

He's the only reason I feel better about voting for Romney. I've heard him before when he was fighting with Congress about the out-of-control spending. I hope he gets help from the other Tea party reps when he gets into office.

25 posted on 10/04/2012 8:50:55 AM PDT by beachn4fun ("2008 to 2011, lesson learned; 2012, mistake corrected." Artur Davis)
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To: fella

sorry but ROFLMAO


26 posted on 10/04/2012 2:02:04 PM PDT by UltraV ("Romney was channeling Reagan. Obama was channeling Biden." - Glenn Reynolds)
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To: UltraV

Sometimes a mistake turns out to be the right thing. Is there a word for that?


27 posted on 10/05/2012 6:34:10 AM PDT by fella ("As it was before Noah, so shall it be again,)
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To: fella; UltraV; Cincinatus' Wife
Sometimes a mistake turns out to be the right thing. Is there a word for that?

blunderboon

28 posted on 10/06/2012 7:17:00 AM PDT by bigheadfred (wowza)
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To: bigheadfred
BlunderBoon

I like it and I'm going to use it.

29 posted on 10/06/2012 10:13:20 AM PDT by fella ("As it was before Noah, so shall it be again,)
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To: Sarah Barracuda
Did hell just freeze over or did ABC just call out Obama for one of his lies

Nah, just taking turns.

Just watched an Obama ad with Andrea Mitchel stating statistics basically calling Romney a liar.

30 posted on 10/06/2012 10:18:43 AM PDT by Ramcat (Thank You American Veterans)
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