Obama Triples The Deficit, Says He Cut It In Half



(2) Barack Obama (BarackObama) on Twitter

About stevengoddard

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18 Responses to Obama Triples The Deficit, Says He Cut It In Half

  1. Jason Calley says:

    Sadly, we don’t know WHAT the true deficit is — or true national debt either! Remember, these are the same people that tell us unemployment is 7%, inflation is 2% and that 2013 is one of the hottest years on record. When they say anything, assume it is a lie, even the punctuation, conjunctions and participles.

  2. David says:

    Great we are going broke at a slightly slower pace. However for the truth we hit our limit a while back and borrowed the 300+ billion on this years credit card instead of last. Look for a major uptick this year as that 300+ billion and the Obamacare shit storm gains strength.

  3. gator69 says:

    Party like it’s 1929!

  4. I”m guessing he meant that he is running the government at a loss somewhat less than previous recent rates of loss. Highly deceptive of course.

  5. Mike D says:

    Convenient they ignore they spiked they first year through the nearly $1 trillion “stimulus” specifically so that they could claim the cutting in half. They really should have spent $2 trillion so that they could claim cut by 3/4.

    Another thing helping is that TARP went out in 2009 and was repaid in later years (except for the old GM financing arm, now Ally Financial, and some others which still owe).

    This year, spending will spike due to Obamacare, but so will the taxes. Since so many people are going onto Medicaid rather than insurance plans, the spending will likely exceed forecasts. Not sure if they can ever use the “cut in half” line after this year.

  6. jeremyp99 says:

    Are you confusing “deficit” with “debt”, Steve? You can reduce the deficit yet still increase the debt. As is also happening in the UK. They are not mutually exclusive. Deficit is annual, debt is cumulative. And until you stop deficit spending, debt will rise, as will interest payments.

  7. tom0mason says:

    So we should just print more money to cover the deficit. What could possibly go wrong with that?

  8. Olaf Koenders says:

    When my son was 3 he had no difficulty with numbers.

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