Posted on 03/25/2009 4:06:56 AM PDT by Cindy
"Obama Used 'Invest' or 'Investment' 18 Times in Press Conference to Describe Government Deficit Spending"
SNIPPET: "“CBO has also analyzed the policy proposals outlined in the President’s preliminary budget request,” said CBO’s report. “Under those policies, the deficit would total $1.8 trillion (13.1 percent of GDP) in 2009 and $1.4 trillion (9.6 percent of GDP) in 2010. The cumulative deficit over the 2010–2019 projection period would equal $9.3 trillion and would average 5.3 percent of GDP. Debt held by the public would rise from 57 percent of GDP in 2009 to 82 percent of GDP in 2019.”
The CBO analysis of Obama’s budget does not foresee any year in the next decade in which the government would run an actual surplus and thus be able to pay off a penny of the new debt Obama plans to incur. Each year, the national debt will grow as will the presumably permanent annual interest charges to the taxpayers.
Yet, at one point in his press conference—the fourth instance in which he used a form of the term "invest" to describe his borrow-and-spend budget plan—Obama said: “It’s the budget that leads to broad economic growth by moving from an era of borrow and spend to one where we can save and invest.”
At another point, he argued that if the government did not borrow and spend money on the “investments” he planned to make, then the U.S. economy would not grow and we would still have massive deficits.
“And so what we've said is, let's make the investments that ensure that we meet our growth targets that put us on a pathway to growth as opposed to a situation in which we're not making those investments and we still have trillion-dollar deficits,” he said.
Obama also suggested that if the government did as he planned, it would somehow simultaneously borrow and spend trillions and actually reduce the deficit by “a couple of trillion dollars.”
“And so what we're trying to emphasize is, let's make sure that we're making the investments that we need to grow to meet those growth targets, at the same time we're still reducing the deficit by a couple of trillion dollars,” he said.
This year, according to CBO, Obama will run a $1.845-trillion annual deficit. A decade from now in fiscal 2019, under the Obama plan, according to CBO, the federal government will run a $1.189-trillion annual deficit. At no time in the intervening years, according to CBO, will the annual federal budget deficit ever drop below $658 billion, which is the projected deficit for fiscal 2013."
Note: Click on the link to read the rest of the article.
He used invest or investment “a host” of times.
“Invest” is Orwellian newspeak for “tax and spend.”
Wow, I have over $90K invested in my credit cards! And here I was worried I was spending too much. I did not know it was an investment!!! I am friggin so rich!
According to Thaddeus McCotter’s Democrat to English Dictionary, when a Democrat says, “invest” it translates to “waste”.
You could also add invest means tax.
Many of us are not interested in investing in healthcare for ACORN obots, ALgores’s big lie, or throwing more investment in leftist indoctrination of our kids.
Thing is, none of this will save our economy.
Obozo needs to submit to a lie detector
exam.
The collective debt is simply staggering, $1.7 trillion in borrowing this year alone. $3.5 trillion is our annual budget, and by 2012 what we all owe will be well over $15-17 trillion. (No fears: the President promises to triple the Bush deficit, but by the end of his “first” term “halve” the deficit, as if tripling and then halving it is not increasing it.)
The “new math” of the Obamnation.
Sad... that USED to be common knowledge... but not in the era of American Idol.
LLS
“We got to invest?” The Harvard boy has some grammar problems. Has anyone noticed how he continually uses “got” in place of “have?”
Well, the taxing comes first (either that or massive borrowing, which means the taxing comes later), but according to McCotter, when a Democrat means “raise taxes”, he says “increase revenues”.
When a Democrat says “the rich” he means “you”.
So when 0bama says he will Raise revenue, from the rich, and invest it, he means he will increase taxes on you and waste it.
So this is why we didn’t see the bouncing ball...and he was looking head-on. I knew something was up - he can’t talk without one!
President Barack Obama's TelePrompTer is seen before a news conference in the East Room of the White House in Washington, Tuesday, March 24, 2009.
Instead of pointing the camera at Zero during a press conference they should point the camera at the prompter so that the hearing impaired can follow along.
Invest with money that isn’t worth the paper it is printed on.
Are you sure that's not from the Ballerina on the teleprompter.
Well,there both from Chicago. Never mind.
“Obama Used ‘Invest’ or ‘Investment’ 18 Times in Press Conference to Describe...”
This is wording that was first used by Bill KKKlinton to trick people into backing his spending plans. It must be working as I heard a radio newsdroid use the same wording when taking about Obammy’s bankrupt the US plan.
He was turning the screw. (he was referring to our lost investments)
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