In 2008 Barack Obama said he’d cut the budget deficit in half. Instead he’s more than doubled it every year since. And he’s just getting started.
You have probably heard by now the disastrous performance by new White House Chief of Staff Jack Lew on the Sunday morning talk shows last weekend. When it was noted on CNN’s State of the Union that the Democrat-controlled Senate has not passed a budget for 1,019 days now, almost three years, in violation of federal law, Lew said, “You can’t pass a budget in the Senate of the United States without 60 votes, and you can’t get 60 votes without bipartisan support. So unless Republicans are willing to work with Democrats in the Senate, [Majority Leader] Harry Reid is not going to be able to get a budget passed.”
Later that day, on NBC’s Meet the Press, Lew repeated in response to the same question, “One of the things about the United States Senate that I think the American people have realized is that it takes 60, not 50, votes to pass something.”
The problem is not only that it takes no more than 51 votes to pass a budget resolution under Senate rules. Indeed, it only takes a simple majority of the Senators present. The problem is that Jack Lew has served twice before as Director of OMB, so there is no doubt that he knows this.
I have discussed many times before in this column President Obama’s Marxist Saul Alinsky tactic of Calculated Deception. That is President Obama’s practice of taking advantage of what he is sure the average person doesn’t know, and won’t be told by the Democrat Party-controlled media, to mislead the people about the truth.
Jack Lew’s dishonesty on last Sunday’s talk shows is a perfect example of this. In fact, it is dishonest and misleading to the point of being dishonorable. That is why Jack Lew must now resign for lying to the American people, the same way the Democrats insisted that President Nixon must resign for lying to the American people.
I bring this up here because it is a perfect illustration of the dishonorable dishonesty throughout President Obama’s 2013 budget released on Monday, and what the President says and has said to the American people about his budget policies.
President Obama’s Grecian Formula
President Obama promised when he was running for office in 2008 that he would cut the budget deficit in half by the end of his first term. But the budget deficit projected for 2012 in the budget he just released is $1.327 trillion. The deficit in 2008 was $458.6 billion, less than half one trillion, the former all time record. As the Wall Street Journal explained yesterday, Obama’s new budget includes: “Another deficit of $1.327 trillion in 2012, also an increase from 2011, and making four years in a row above $1.29 trillion. The last time that happened? Never.”
Those four consecutive years of trillion dollar deficits under President Obama, the only trillion dollar deficits in world history, added a total of $5.33 trillion to the national debt held by the public in President Obama’s one term in office alone. Obama’s own budget projects the national debt held by the public to total $11.6 trillion for 2012, double the national debt of $5.8 trillion in 2008! Consequently, by Election Day 2012, Obama will have doubled the national debt, in just one term of office. In that one term, he added as much to the national debt as all prior Presidents, from George Washington to George Bush, combined!
But that is just the warm up if the voters are stupid enough to extend the lease on the White House for the Marxist infiltrator on Election Day. By 2022, Obama’s own budget projects that national debt held by the public to total nearly $20 trillion! That would be the highest national debt in world history. The gross federal debt, which includes the money the taxpayers owe in the Social Security trust fund and similar federal debts, is projected in Obama’s own budget to total nearly $26 trillion by 2022! That is projected to be just over 100 percent of GDP that year.
When President Obama was asking for our votes in 2008, he told us his budget policy would involve a “net spending cut.” In fact, he said precisely that during a nationally televised presidential debate with John McCain. In 2008, federal spending totaled $2.983 trillion. But federal spending for 2012 in the budget the President just released on Monday is projected to total $3.795 trillion, an increase of over 27 percent during his first term alone, up another $193 billion from the last year. In the budget the President released on Monday, spending was projected to soar by 2022 to $5.820 trillion, the highest spending in world history. Over the next 10 years, federal spending, with all of President Obama’s blather about spending cuts, will total $47 trillion… under the President’s own budget!
Does President Obama understand the meaning of the words “net spending cut?” Or was he deceiving the American people in 2008 when he used those words?
Jack Sparrow for Treasury Secretary
Even this Pacific Ocean of red ink is based on the assumption of exploding tax increases over the next 10 years. The budget assumes that federal income tax revenues will double by 2020, federal corporate tax revenues will double by 2017, and federal payroll taxes will double by 2022.
That is because already enacted under current law for 2013 are increases in the top tax rates for virtually every major federal tax. In that year, the tax increases of Obamacare go into effect, and the Bush tax cuts expire, which Obama refuses to renew for the nation’s small businesses, job creators, and investors. That is the English translation of individuals making over $200,000 a year, and couples making over $250,000 per year.
A man of faith in a godless age is hitting Americans where it hurts.
Mr. and Mrs. American Spectator Reader, let P.J. O’Rourke talk sense to your kids.
In Britain, defending your property can get you life.
It won’t take long for conservatives to scratch this presidential wannabe off their 2008 scorecard.
Was the President done in by the economy, or by the politics of the economy?