Tuesday, September 25, 2012

The Annotated Obama: 90% of the Deficit is Somebody Else's Fault



So say the "pinkos" at the Wall Street Journal.

Pinkos is the name the Journal Star Editorial Board (JSEB) called the most truthful and best paper I've enjoyed reading for 45 years.

On Obama's interview with left leaning "60 Minutes" Sunday, the WSJ editors listed 10 footnotes to a statement Obama made to his interviewer, Steve Croft.

Obama said: "When I came into office, I inherited the biggest deficit in history.. And over the last four years, the deficit has gone up, but 90% of that is as a consequence of two wars that weren't paid for, a prescription drug plan that was not paid for, and then the worst economic crisis since the Great Depression.

Now we took some emergency actions, but that accounts for about 10% of this increase in the deficit, and we have actually seen the federal government grow at a slower pace than at any time since Eisenhower, in fact, substantially lower than the federal government grew under either Ronald Reagan of George Bush."

Whew.

I won't list all the ten footnotes but every one of them shows how Obama lies or exaggerates the truth.

No, he didn't inherit the largest deficit. The largest annual deficit was in 1943, 1944 and 1945. He demagogues Romney and Ryan proposals to modernize the entitlement state, and he personally blew up the "grand bargain" House Speaker Boehner was willing to strike last summer.

Read the whole WSJ editorial.

One part of the interview that 60 Minutes chose not to broadcast was where Obama conceded that " Do we see sometimes us going overboard in our campaign, mistakes that are made, areas where there's no doubt that somebody could dispute how we are presenting things, that happens in politics."

Obama is running a dishonest campaign and his ardent followers are like lemmings. He is dishonest as so many Illinois politicians are; some are in jail and others should be. This charismatic lair should not be given a second term..He was off campaigning while our Libyan Ambassador was being dragged through the streets.

What a guy.




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