AP Fact Check Blasts Obama’s Budget: It Counts on ‘Phantom Savings’
- Posted on February 14, 2012 at 1:41pm by
Jonathon M. Seidl
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Copies of President Barack Obama's fiscal 2013 federal budget arrive at the House Budget Committee on Capitol Hill in Washington, Monday, Feb. 13, 2012. (AP Photo/J. Scott Applewhite)
Editor’s note: the following is a fact check done by the Associated Press.
WASHINGTON (AP) — When a president introduces a budget, there are always phantoms flitting around the room. President Barack Obama’s spending plan sets loose a number of them.
It counts on phantom savings from the wars in Iraq and Afghanistan. It‘s underpinned by tax increases Republicans won’t let happen and program cuts fellow Democrats in Congress are all but certain to block.
And it assumes rates of growth that the economy will have to become strikingly undead to achieve.
A look at three budget ghosts, sometimes known as gimmicks:
—
BUDGET: Claims about $850 billion in savings from ending the wars and steers some $230 billion of that to highways.
REALITY: There is no direct peace dividend from ending the wars because the government borrowed to pay for them. The government would have to keep borrowing that amount of money to have it to spend on something else.
Counting the end of wars as a dividend is like a student coming out of college loaded with debt and aching to buy things, says Maya MacGuineas, president of the Committee for a Responsible Federal Budget. “When you finish college, you don’t suddenly have thousands of dollars a year to spend elsewhere – in fact, you have to find a way to pay back your loans.”
MacGuineas says, “Drawing down spending on wars that were already set to wind down and that were deficit-financed in the first place should not be considered savings.”
President George W. Bush kept the cost of the wars out of his budgets, a contentious accounting maneuver that may have papered over the impact on spending projections but deepened the national debt as surely as if the price tag had been shown transparently. Taken together, the Bush and Obama budget tricks seem to suggest war costs nothing but ending it frees a ton of money.
—
BUDGET: Forecasts healthy growth in years ahead, with GDP growth predicted to reach 4 percent in 2014 and 4.2 percent in 2015.
REALITY: It’s obviously too soon to know, but reputable private forecasts are not nearly as rosy as the administration’s assumptions, and their track record tends to be better. They are generally forecasting a percentage point lower or close to that, a huge difference, and don’t see reaching 4 percent growth in the foreseeable future.
Last year, the administration built its proposed budget on a projection of 2.7 percent growth in 2011; it turned out to be 1.7. The forecast for 2012 was 3.6 percent, which the White House lowered in the new budget to 3 percent. IHS Global Insight, a leading forecaster in Lexington, Mass., projects 2.1 percent.
Such projections are key because the government’s spending and debt plans rest on how much revenue can be expected to come in.
—
BUDGET: Assumes taxes will go up on the rich, tax breaks will end for the oil and gas industry, and spending will be cut for programs the president is willing to sacrifice.
REALITY: Tax increases are a non-starter before the election, with Republicans standing in the way, so sweeping parts of Obama’s budget plan are little more than a campaign platform laying out what he would try to get done if re-elected.
Some of his proposals are not so tied to the election. They have little or no chance of passing Congress regardless of what happens in November.
For example, he proposes using money from a Justice Department fund for crime victims for other purposes. But Democratic Sen. Patrick Leahy of Vermont, chairman of the Judiciary Committee, quickly signaled he would work to protect the fund, just as he has successfully done in the past.
Obama is the latest in a line of presidents to zero out – provide no money for – programs in order to show budget savings even while knowing Congress will restore the money. Amtrak and the post office are among institutions that have seen such phantoms before.
—
Associated Press writers Martin Crutsinger and Pete Yost contributed to this report.
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Comments (102)
bernbart
Posted on February 14, 2012 at 2:52pmTheObamanation;
Report Post »You’re WRONG the stimulus did work, and would have worked even better if if a had been bigger like Obama wanted.
Freedomluver
Posted on February 14, 2012 at 2:58pmBy working you have to mean by placing us even deeper in debt and ruin. You leftists sure are comical.
Here’s someone who actually got it.
“We must not let our rulers load us with perpetual debt. We must make our selection between economy and liberty or profusion and servitude. If we run into such debts as that we must be taxed in our meat in our drink, in our necessities and comforts, in our labors and in our amusements, for our callings and our creeds…our people..we must live.. We have not time to think, no means of calling the mis-managers to account, but be glad to obtain subsistence by hiring ourselves to rivet their chains on the necks of our fellow suffers. Our landholders, too…retaining indeed the title and stewardship of estates called theirs, but held really in trust for the treasury, must…be contented with penury, obscurity and exile.. private fortunes are destroyed by public as well as by private extravagance.
This is the tendency of all human governments. A departure from principle becomes a precedent for a second; that second for a third; and so on, till the bulk of society is reduced to mere automatons of misery, to have no sensibilities left but for sinning and suffering… And the fore horse of this frightful team is public debt. Taxation follows that, and in its train wretchedness and oppression.”
Thomas Jefferson
Report Post »dmerwin
Posted on February 14, 2012 at 3:01pmWhat amount of debt are you willing to personally accept?
Report Post »Freedomluver
Posted on February 14, 2012 at 3:05pm@dmerwin
Zero, as interest is nothing but money wasted.
We are currently spending 4 billion a WEEK in interest to finance the debt!
What a scam…that only benefits the bankers.
Report Post »progressiveslayer
Posted on February 14, 2012 at 3:09pmBern :You’re insane or stupid if you think the stimulus worked,the Marxist heathen spent trillions,wealth that hasn’t been created and will ensure generational poverty for all of us.He‘s destroying our economy by design and even after he loses in November we probably won’t be able to avoid depression part two.
8.5% unemployment 4.00 gas and the biggest expansion of the federal government ever,and you think the stimulus worked. You’re a fool.
Report Post »LIBSALWAYSLIE
Posted on February 14, 2012 at 3:36pmBERNBART, you’re either stupid, ignorant, or insane. Maybe all three. The stimulus was a total sham and did NOTHING but add to the debt. The government CAN NOT create jobs in the private sector!! Obama is the WORST president is history, and soon he will be history.
Report Post »83plus
Posted on February 14, 2012 at 4:12pmYeah, that worked well for Solyndra didn’t it. Three years later, a five trillion dollar deficit addition and the unemployed rate only dropped a few tenths over a couple months and is still above 8%? All with hundreds of thousands of people not being counted in that statistic because they gave up searching for work. Not very encouraging or promising.
Report Post »Ralpher
Posted on February 14, 2012 at 4:26pmBernbart . . .the stimulus only worked if you are a union thug and or a federal employee. I should be shocked by your absolute ignorance but you are a shining example of government schooling. Put the drool bib back on.
Report Post »ZeroOff4impact
Posted on February 14, 2012 at 4:26pm<<<<<<<TRUTH TEAMER….. you must be in training.
Report Post »AvengerK
Posted on February 14, 2012 at 4:26pmThat’s right BERNBART…had Obama spent..sorry..“invested” at least a trillion more dollars we’d be seeing MILLIONS more jobs “saved and created” right now…why…there’d be more jobs than people to fill them if Obama spent..sorry “invested” TRILLIONS more, right? If only everybody had the depth of near prophetic ability Barack Obama had with this stimulus, curse our stubbornness for not giving Barry everything in the kitty. But I seem to recall that….Obama‘s lost over 2 million jobs during his tenure and the under employment rate grew to near record rates whereby the workforce has shrunk and there’s less people working today. And there’s that pesky Solyndra and the bad business model it had but Barry gave it subordinated loans anyway…Gosh BERNBART…if only we gave Obama all the money we could possibly gather for him…reach deep into your pockets BERNBART..do your “fair share” sport. We can spend our way out of this d@mn it…Barry says we can. Come on BERNBART….the oceans need to stop rising and the earth needs to heal…Barry’s got our backs on the jobs front we just need to spend more tax money.. come on tax and spend…tax and spend little buckeroo.
Report Post »dmerwin
Posted on February 14, 2012 at 5:33pm@ Freedomluver.
Report Post »Zero is exactly my point. Liberals are great at trying to convince people that “they” should pay more taxes, support more causes, create a better utopian world, but want it to be MANDATORY not of voluntary conviction. You see people like Buffet complain about his secretaries taxes, then, rather pay himself a taxable salary shields it by buying stock and living off of his Cap Gains at 15 per cent. Liberals, including those who should know like Obama and the media purposefully distort by lumping Cap Gains in with regular income tax. Meanwhile Buffet’s company owes, what a billion in taxes he doesn’t want to pay. Fundamental tax reform is the answer.
1 Fair Tax, eliminates all other taxes and the IRS
2. Flat tax, eliminates all loopholes and deductions and this silly quibbling and disinformation.
3. 3 level income tax where everyone pays that works and elimination of other taxes. This would refocus the “beneficiary” class to reality.
WeDontNeedNoSteenkinBadges10
Posted on February 14, 2012 at 8:48pm“AP Fact Check Blasts Obama’s Budget”
Sorry AP — too little, too late — doesn’t get YOU off the hook. You’re gonna swing with the rest of those TRAITORS.
Report Post »drphil69
Posted on February 14, 2012 at 9:26pmEAT THE RICH… That is exactly what Obama wants to do.
Liberalism seeks to spread the misery, and does so very effectively. When Obama is done, we will be worse than Greece. The cities will be war zones, starvation will be rampant.
To all my conservative friends, BE PREPARED. To all the libs – I’m just a crazy right winger who loves his God, guns and country, so please ignore me, don’t prepare, don’t buy a gun.
Report Post »doomytram
Posted on February 15, 2012 at 7:56amWill the 2013 budget fail 97-0 in the senate again this year like the 2012 budget did? And will Jack Lew have to come out with a new miraculous, new and improved budget 9 days later (because of how ridiculous the people think this president is)? Like he did last year….
Obama said, I will cut the deficit in half and the end of my first term. If this budget is followed (which it won’t be, as it will be much worse) and if the ridiculous Disaster of Disasters get’s re-elected, then he would not only not cut the deficit, but he would have raised the deficit by an amazaing 11 trillion dollars. There is a big difference between cutting the deficit by 1 penny and raising by 11 trillion.
We are like the Russia of Greece!
Report Post »carbonyes
Posted on February 15, 2012 at 2:25pmBERNBART, and how far did you have your head up Obama’s azz? Oh, it’s stuck there. No wonder you can’t see past the nose on the front of your face and your brains are toxic and can not process information.
Please come back when you grow up.
Report Post »mudguy
Posted on February 15, 2012 at 3:09pmGet real no country has ever spent their way out of a recession. Don’t know you were looking at guess you believe the lies that Obama has told the American People. You still believe the world is flat. When you run out of other peoples money whose money will you use? Government has yet to create any jobs but government jobs.
Report Post »LogicalMetaphysician
Posted on February 15, 2012 at 6:26pmBwahahahahahahahhaahahahhaha!
Who’s operating the PC for you, dingbat?
The “Stimulus” only could have worked in the goofy little mind of Keyenian. Or and Obamatard.
Report Post »Anamah
Posted on February 16, 2012 at 12:59amWe the people must removed this guy and all Democrat circus far away of centers of power. Next elections will make the miracle to save this exceptional country and start to heal all wounds. It will be a long and hard journey. and We must pay attention to disinfect and have enough vaccines to keep the progressive disease under controlled measures. Never again!!!
Report Post »IDConservative55
Posted on February 17, 2012 at 4:00pmAnother sheep (or SEIU member) that believes all the talking points from this MOST CORRUPT and INEPT ADMINISTRATION in this country’s history. I bet you loved his green energy projects that all end in bankruptcy.
Report Post »UnrepetantCurmudgeon
Posted on February 19, 2012 at 11:09pmRight. The stimulus worked. Which is why there are more Americans absent from the workforce today than at any time since WWII, and why the revenue stream is so low that Obama has to employ the “tax the rich” rhetoric instead of being able to rely on real revenue from a real economy. Back to the laboratory with you, and this time tell Dr Frankenstein to remember the brain.
Report Post »Mikev5
Posted on February 14, 2012 at 2:47pmWow they are sure trying to show America all of Obamas shiny new toys aren’t they, see look what we did for the people that’s right I’m a winner reelect me see all my toys.
Were in the money were in the money were in the money again I can’t wait let’s get the credit card and GO SPEND SOME. YA HO :-) :>O
Report Post »Freedomluver
Posted on February 14, 2012 at 3:01pm“The American Republic will endure until the day Congress discovers that it can bribe the Public with the Public’s money.”
Alexis de Tocqueville
Democracy in America
Obama knows exactly what he is doing, and unfortunately Romney, Santorum and Gingrich get this as well.
Ron Paul 2012…or bust.
Report Post »DrFrost
Posted on February 14, 2012 at 4:44pmOk, I can see how you can accuse Romney of being liberal. Big government isn’t any better at the state level than the federal level and he still defends Romneycare.
I can even understand Newt. With such a long career and being the “big idea” guy for the whole party, there are mountains of opportunity to take things out of context, misconstrue, misrepresent, etc. If you check out his voting record, he consistently voted with the ultra conservatives of his day. But, as I said, it’s easy to fall victim to propaganda.
But Santorum?!?!?! You’re really going to try to group Santorum with Romney? Santorum has his weaknesses… lack of name recognition, lack of funding, not as charismatic as Romney, lacks the experience of Gingrich and Ron Paul, etc., etc… But he’s not liberal. He’s not even moderate. In fact you could list his VERY conservative social ideals as ONE OF HIS WEAKNESSES in a general election because they’re going to bother many independent voters.
My political beliefs are closer to libertarian than anything else. A lot of what Dr. Paul says on domestic issues resonates deeply with me. And I think it’s great to push those ideals and agenda… but making statements like this does not help the cause, it only hurts your credibility.
Report Post »bernbart
Posted on February 14, 2012 at 2:44pmThe far right are such stupid fools, as every president, both republican and Democrat, are required to submit a budget, and yes they always printed.
Report Post »NHwinter
Posted on February 14, 2012 at 2:54pmGod said he would make fools of the wise, and you sir, are a fool.
Report Post »BetterInformed
Posted on February 14, 2012 at 2:54pmWOW! Who would have ever dreamed that the president was required to submit a budget. Not only submit a budget but it must be published. I feel so enlightened. Thanks so much for that nugget of brilliance.
BTW Would you happen to have a good recipe for navy beans?
Report Post »Freedomluver
Posted on February 14, 2012 at 3:08pm@bernbart
When are your comrades in the Senate going to submit their budget plans?
Would you please tell us…just what is the hold up?
Report Post »LIBSALWAYSLIE
Posted on February 14, 2012 at 3:39pmBERNBART, you are stupid enough for a room full of idiots. You liberals cant even tell when you’re making a complete fool of yourself.
Report Post »AvengerK
Posted on February 14, 2012 at 4:34pmBERNBART…Obama‘s been late for three years in putting a budget on the table and the democrat senate has poo poo’d it each time. He’s never passed it. Speaking of democrat senates….over 1000 days and no budget from Harry’s Heroes. Ok..I want to get a little more serious now. I want to know BERNBART..what kind of effort does it take for someone like you to deny reality, to deny how many Americans are hurting right now, to deny the chance at prosperity and to only protect your failed socialist ideology and the failure of Obama at any cost. I want to know how much of your soul you have to sell to do what you do BERNBART. I want to know how much of your mind you have to close off to say the things you say in order to protect Obama and your failed ideology. Come on BERNBART..give me an insight into the Obamabot mind. Tell me how much of the real world you have to deny to vote for Barack Obama.
Report Post »South Philly Boy
Posted on February 14, 2012 at 2:36pmGhosts… DemonCrats needs their VOTES
Report Post »NHwinter
Posted on February 14, 2012 at 2:35pmWe’ve all been reading, day after day, all that Obama is trying to do. Why isn’t there anyone in Congress that stands up and yells about this great transformation and make a declaration to stop it now. Are all our representatives worthless and enabling this to actually happen while we Americans dutifully wait for the election that probably will not even happen!!!! I’m angry and disgusted. Romney sounds like a clone of Obama. We are past being in trouble, we are in the fire now.
Report Post »Freedomluver
Posted on February 14, 2012 at 3:28pmRon Paul has been warning us about this mess for years…and they all called him a kook. In fact, many so called conservatives right here on the Blaze still do.
So sad…
Report Post »DrFrost
Posted on February 14, 2012 at 4:55pmThe TEA party have tried. As a party they’ve avoided all social issues and concentrated on a simple straightfoward agenda:
Smaller government, lower taxes and a balanced budget amendment
And they’ve been demonized, compared to terrorists and labeled as racists. In all honesty it‘s reminiscent of my four year old’s behavior when I tell him it’s bed time. The children don‘t want to hear they have to pay their bills and live within their means and they’re going to raise bloody !$^@%#@$% against anyone who tries to stop them.
Report Post »bernbart
Posted on February 14, 2012 at 2:33pmEvery leading economists has said we should be concentrating on a Stimulus package and not the deficit. Obama’s budget is very balanced as getting rid of the Bush tax cuts (for the rich) which will raise revenues and help reduce the deficit, the budget cuts like war ans military will help with budget increases in education, job training and veterans benefits, and building an rearing new infrastructure…
Report Post »spending money more wisely on thing that will hep rebuild our economy and future.
TheObamanation
Posted on February 14, 2012 at 2:39pmStimulus hasn’t worked … threatening to raise taxes hasn’t work … what if we just tried cutting spending … and got off the a$$es of the job creators ?
Report Post »TheBurningTruth
Posted on February 14, 2012 at 2:53pmGet rid of the Bush tax cuts for EVERYONE. I’m not part of the high income earners that will be taxed, yet I‘m also not jealous of other people’s success. I also recognize that having 48% of income earns not paying ANY income tax is a bigger problem than having the wealthy not pay more.
If you really felt that “the rich” should pay more, then you would be sending tens of thousands of dollars to the dirt poor around the world. Over 2 billion people in Asia and Africa live on less than a dollar a day yet you earn tens of thousands. Sending any over there, or are you just using a convenient definition of “the rich” to enrich yourself at someone else’s expense?
It‘s all part of the Progressive Liberal’s desire to equalize us all (except for their elite selves of course).
Report Post »Freedomluver
Posted on February 14, 2012 at 2:53pmYou must be talking about the same left wing economists who got us into this mess…eh? LOL
Borrowing more money on credit to pay for credit already used is moronic and it only compounds the problem.
I’d love to see your finances if you follow such a dumb plan.
Report Post »I.Gaspar
Posted on February 14, 2012 at 3:02pmbernbart,
Report Post »Your simplistic parroting of the progressive mantras makes most of us here see that you are truly an idiot.
Go back to huffpost or study hall. You are senseless.
LIBSALWAYSLIE
Posted on February 14, 2012 at 3:45pmBERNBART, “Every leading economists has said we should be concentrating on a Stimulus package” this crap may work with you liberals, but we conservatives know better. This is a lie, you are a pathological liar. Liberals always lie. A lie is your best friend, the truth is your worst enemy.
Report Post »LIBSALWAYSLIE
Posted on February 14, 2012 at 3:48pmBERNBART, explain how having the government spend money it doesnt have, can boost the economy. (Hint, increasing the debt does not help the economy at all, it does the oposite)
Report Post »Ralpher
Posted on February 14, 2012 at 4:33pmBernbart…once again you,lie. The Bush tax cuts were across the board for every American citizen that pays Federal Tax. Since you are one of the 50% that doesn’t earn enough to pay taxes and that I support, you would not know this FACT. Check your facts again Mr. Liar, revenues to the Treasury increased after the full affect of the cuts were realized. Increased revenues just like we experienced with cuts from JFK, the great “Renaldus Magnus” and W.
Report Post »AvengerK
Posted on February 14, 2012 at 4:38pmOther than the idiot Krugman at the NYT BERNBART…name “every leading economist” please. I’m not holding my breath.
Report Post »AvengerK
Posted on February 14, 2012 at 5:00pmBERNBART …you won‘t understand this but I’ll offer it for the board just to illustrate your idiocy. Getting rid of tax cuts will raise revenues you say? You wish it was that simple sport. Bush lowered the cap gains rate to 15%. You know what happened BERNBART? I’ll give you a moment…..time’s up. You know what happened BERNBART? Government revenues from the lower cap gains rate WENT UP!!!! Why is that BERNBART? How is this possible you say? After all…your liberal keepers have always told you to raise taxes whereever and whenever you can…surely this is false you say? A conservative ruse to mislead you…it has to be right? No…BERNBART..Government revenue went UP from cap gains taxes when the rate was lowered. In fact it went up over 100%. Why? Because more people invested more energetically and more frequently BERNBART. The higher investment activity generated higher government revenues. Obama was pointed this out during the 2008 campaign because even then he was champing at the bit to raise them…and he..much like you BERNBART was pig ignorant as to why, and how, and if lower cap gains tax rates can raise government revenue. You know all he could say BERNBART? “It’s not fair”. Fast forward to 2012 and Obama’s the same broken record. “it’s not fair”. You socialists are unteachable…that‘s what’s not fair.
Report Post »UBETHECHANGE
Posted on February 14, 2012 at 2:32pmWe already knew it was a mathematical scam, but thanks AP for trying to look unbiased and not like the left tools you are. Snark. I wonder how the “Truth Teams” are going to spin this? No worries, the Commie O administration will arm the mindless sheep with “facts”! More snark.
Report Post »GMAN455
Posted on February 14, 2012 at 2:28pmDoom and Gloom in are economy song http://dailyrushbo.com/obama-sings-gloom-despair-and-our-economy-hee-haw-parody/
Report Post »CNK
Posted on February 14, 2012 at 2:26pmLet’s face it, the man is using smoke & mirrors to accomblish his end game which is Socialism.
Report Post »Freedomluver
Posted on February 14, 2012 at 2:23pmThe really sad thing is we have so called Republicans who can’t figure out that decreases in the rate of an increase in spending is NOT a cut.
Lord help us.
Report Post »progressiveslayer
Posted on February 14, 2012 at 2:34pmThey’re oblivious to that fact or are ignorant,either way we need people in congress with common sense and aren’t crooks looking to enrich themselves,I won’t hold my breath though.
Report Post »bernbart
Posted on February 14, 2012 at 2:35pmA lot of stupid republicans, without the experience necessary to legislate or lead were elected in 2010.
Report Post »riseandshine
Posted on February 14, 2012 at 2:49pmHonesty and integrity is required above all else.
Report Post »Freedomluver
Posted on February 14, 2012 at 3:21pm@progressiveslayer
What’s so frustrating is watching the candiates for POTUS going along with this doublespeak!
Romney clearly does not get it.
http://klsouth.wordpress.com/2011/11/11/romney-fiscal-plan-hypocrisy-or-idiocy/
Then again from the looks of things…neither does Newt.
Not sure about Santorum, but his voting record in the past does not leave room for much optimism.
The only one with the record to prove he gets it is the “kook” and his fellow dumb “Paulbots”. LOL
Aaaahhhh, ignorance is bliss!
Report Post »riseandshine
Posted on February 14, 2012 at 3:36pm“kook” 2012
Report Post »progressiveslayer
Posted on February 14, 2012 at 3:41pmFREEDOMLUVER I must admit I’m a Paul supporter and no offense taken,I know he’s right on the economy and yes even foreign policy just for the fact that I know no outside enemy can take us down and Paul would let our military defend us,not a commercial just my opinion.If you haven’t checked him out give him a look.
Report Post »Freedomluver
Posted on February 14, 2012 at 3:50pm@progressiveslayer
I was being facetious…and kinda poking the Paul haters who call us every name in the book. :)
The way I see it, Paul is the only hope we have to stem the tide.
Report Post »TheObamanation
Posted on February 14, 2012 at 2:23pmIn 2008 … Obama used the Internet to his advantage … In 2012 It’s his achilles heal … The sleeping giant woke up … and … he‘s surfin’ the web !
Report Post »progressiveslayer
Posted on February 14, 2012 at 2:38pmIndeed we can use their words against the Marxist vermin,nowhere for the cockroaches to hide and we can compare their words with their deeds.
Report Post »cuinsong
Posted on February 14, 2012 at 2:20pmMore smoke & mirrors!!!!!! The truth is he lies every time he opens his mouth! What else do you need?
Report Post »A song to help explain!
“Don’t Get Him Started” http://www.reverbnation.com/play_now/song_11916731
GERATMO
Posted on February 14, 2012 at 2:18pmThis is simple, If you have to borrow ANY money at all, then you are spending to much. There is no savings anywhere if the money is borrowed. How do liberals fall for this garbage?
Report Post »bernbart
Posted on February 14, 2012 at 2:26pmOf course it was Bush who created the BIG deficit by starting 2 unnecessary, UNFUNDED, and not counting the cost of the wars in his budget and at the same time cutting taxes on the rich… both rain up a huge deficit that Obama inherited
Report Post »progressiveslayer
Posted on February 14, 2012 at 2:54pmThe Marxist heathen has spent more than all previous presidents combined so it‘s not like he’s some innocent bystander,no he‘s intent on destroying our economy and he’s almost there.He’s expanded the size of the federal government ie obamacare that alone is enough to bankrupt us,hopefully SCOTUS will strike down the law the disaster in chief inflicted on us.
Report Post »LIBSALWAYSLIE
Posted on February 14, 2012 at 3:52pmBERNBART, you boy obumbler drove the debt through the roof. obama holds the record for increasing the debt faster than any president in history. You are really making an ass of yourself with your ignorant comments.
Report Post »AvengerK
Posted on February 14, 2012 at 5:35pmLOL…“the BIG deficit”. Ok..I’ll call your bluff..Obama created a “BIGGER” deficit giving him the “BIGGEST” deficit.
Report Post »Ghandi was a Republican
Posted on February 14, 2012 at 2:13pmobama is an alinsky radical ans a shill of Soros’ left. Why isn‘t this truth repeated at least as much as obama’s lies? The people must be forced to confront this truth. Repeat this truth over and over until people decide whether the truth matters.
Report Post »TomFerrari
Posted on February 14, 2012 at 2:07pmIt also counts on phantom “revenues” – calculating a SUSTAINED ANNUAL GROWTH of 4% !!!!!
REALLY??? FOUR PERCENT EVERY YEAR ??
The ONLY way we can get 4% growth is by getting rid of obama. Companies and investors will get off the sidelines and again put their capital at risk. Nobody wants to bet on this horse – nobody who has skin in the game, that is!!
Report Post »texanpatriot
Posted on February 14, 2012 at 2:06pmI find this report hard to believe!
If true, this would mean that the former President, the current President, and Congress are dishonest and misled the voters… nnnnnnooooooooo
Report Post »USPATRIOT101
Posted on February 14, 2012 at 2:05pmHow much paper was wasted to print so many copies of something created just to be tossed in the trash for being bogus. Another political move bt the affirmitive action president.
Report Post »CatB
Posted on February 14, 2012 at 2:03pmOBAMA LIES!!!??? .. I am SHOCKED …NOT!
“Obama making Carter look good since 2009”
OMG 2012!!!
Report Post »Snowleopard {gallery of cat folks}
Posted on February 14, 2012 at 2:09pmWe knew this is nothing more than a political gimmick; honestly I think he is setting up a scorched earth plan so that when he loses this Nov, and if his grab for power fails, he will take down everything in one shot that he can.
That is his manner, control all or destroy all.
Report Post »ModerationIsBest
Posted on February 14, 2012 at 2:01pmMost budgets are phantoms. This administration especially has no interest in creating a budget that could pass the house and the senate.
The democrats in the Senate are fine having these “debt ceiling” battles every few months to attempt to make the GOP look bad.
Report Post »jand777
Posted on February 14, 2012 at 1:59pmLately, when it comes to some of Obama’s policies, AP has been fairly truthful. I found this a little strange too, considering they have their head up this administrations a$$ most of the time.
Report Post »wboehmer
Posted on February 14, 2012 at 1:58pmSeriously, does it really take “analysis” to reach the conclusion that ending wars paid for by borrowing 40 cents of every dollar spent will not produce “savings” which can be spent somewhere else?
Worst-President-Ever Obama‘s nonsense smells no sweeter than anybody else’s nonsense!
Report Post »BOMUSTGO
Posted on February 14, 2012 at 1:57pm“By the skillful and sustained use of propaganda, one can make a people see even heaven as hell or an extremely wretched life as paradise.”
Report Post »― Adolf Hitler
JChampoux
Posted on February 14, 2012 at 1:56pmThe real problem is that the budget is supposed to be initiated by the House of Representatives, then sent to the Senate to be trampled on a bit, then go to the President to be either signed or vetoed. He is overstepping his bounds by initiating this action. Sadly, this is just another stop on the campaign trail, a stop that probably costs taxpayers tens of thousands (and actually probably more) of dollars. What a waste, but then we could say that for about 30% of the money blown by the federal government.
Report Post »bernbart
Posted on February 14, 2012 at 2:20pmNo Obama is NOT over stepping his authority. You are right but also WRONG as the president always presents a budget first, then it the House is supposed to allocate money and then Senate votes and then House and Senate negotiate and compromise on the budget, when the vote is final the final budget is then sent to the president to sign. The biggest problem since the 2010 the republicans, who now lead the House, have done very little, and are a divisive bunch who keeps anything constructive from happening, fight about stuff that was just routine in the pas.t
Report Post »BetterInformed
Posted on February 14, 2012 at 3:13pm@brainlessbart
The 2012 budget was voted down 97-0 in the senate. Hardly a partisan defeat. Go back to the kids table and leave intelligent discourse to the adults.
Report Post »LIBSALWAYSLIE
Posted on February 14, 2012 at 3:57pmBERNBART, thank God for the republicans who have blocked obama. I agree with NOTHING obama does on the economy. Without the republicans blocking obama we would be in far worse shape. You liberals have no ability to think at all.
Report Post »SoupSandwich
Posted on February 14, 2012 at 1:52pmDuh. They don’t even bother with obfuscation any more. Just lie, look you in the eye, and keep on smiling. Something for the new Dem party to be proud of- taking the lie to a new level.
Report Post »BOMUSTGO
Posted on February 14, 2012 at 1:56pm“The great masses of the people will more easily fall victims to a big lie than to a small one.”
Report Post »― Adolf Hitler
CatB
Posted on February 14, 2012 at 2:04pmAMEN!
c
Report Post »lukerw
Posted on February 14, 2012 at 1:45pmAP accidentially providing some Truth?
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