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Wednesday, August 29, 2012

Obama's Trillion Dollar Lies |

Obama's Trillion Dollar Lies |

President Barack Obama has such ill-advised contempt for the intelligence of American taxpayers that he has become an habitual liar when talking about his plans to deal with a national debt that will imminently top $16 trillion.

For example, on Aug. 14, he told a crowd in Waterloo, Iowa: "I'll make sure government still does its part to reduce our debt and our deficits. We've cut out already a trillion dollars' worth of spending we don't need."

On June 22, in Tampa, Fla., he said: "We're going to reduce our deficit by $4 trillion. I have a detailed plan. We'll cut spending we can't afford."

On June 12, in Philadelphia, he said: "And I've already signed $2 trillion of cuts into law already and have proposed $2 trillion in additional deficit reduction."

So, which is it?

Did Obama already cut spending by a trillion, or does he plan to cut the deficit by $4 trillion, or did he already sign legislation to cut it by $2 trillion and plans to cut it by $2 trillion more?

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