“We don’t have an urgent deficit crisis,” Obama said Friday at a town hall meeting on the campus of Binghamton University in Binghamton, N.Y. “The only crisis we have is the one that is manufactured in Washington and it’s ideological and the basic notion is that we shouldn’t be helping people get health care and we shouldn’t be helping kids who can’t help themselves and whose parents are under resourced, we shouldn’t be helping them get a leg up.”
Now either this president is lying or he has yet to read his own government's reports.
• The non-partisan Congressional Budget Office warns that we have less than a decade to rectify the federal spending addiciton: "[a] growing imbalance between revenues and noninterest spending, combined with the spiraling cost of net interest, would swiftly push debt upward in an unsustainable way... The explosive path of federal debt ... underscores the need for major changes in current policies to put the nation on a sustainable fiscal course..."
• The public trustees of Medicare and Social Security continue to sound the alarm that the massive entitlement programs are headed for collapse: "Under current law, both of these vitally important programs are on unsustainable paths."
• Furthermore, government economists in the several states warn that the federal debt "circumstances are dire enough after four consecutive years of trillion-dollar deficits that politicians on each side of the aisle are beginning to realize serious budget repairs are necessary."
• Kleiner Perkins partner Mary Meeker, one of the most respected investment analysts in America, reports that the United States federal government "is on a parallel course to GM before its bankruptcy... [and if entitlement programs are not reformed, the U.S. balance sheet will go from bad to worse... The turning point: within 15 years, entitlements plus net interest expenses will absorb all -- yes, all -- of [federal] annual revenue."
This is just a random sampling. There are many, many more. There are hundreds of similar analyses from the government itself as well as the private sector.
Are the federal government's own actuaries all wrong and Obama right?
Are the federal government's own accountants all wrong and Obama right?
Are generally accepted accounting principles all wrong and Obama right?
Are centuries of mathematics all wrong and Obama right?
Are facts, logic, history and reason all wrong and Obama right?
Whether his actions are, as some have proposed, intentional or whether they are the product of a radical and blinkered ideology, the endgame will be the same.
We are headed rapidly for an economic whirlpool, a hydraulic that will -- like chaotic events that have occurred before throughout history -- catch most off-guard and send the country rapidly into desperately dangerous, uncharted waters.
And which segments of the population will be hardest hit by such an economic catastrophe? Will it be the super-rich, the Beltway elites, or former Presidents of the U.S.? Or will it be the poor, seniors living on fixed incomes, and young people trying to get their careers started?
Of all his countless fabrications, the lies the President tells the American people about spending and deficits are the most dangerous.
Hat tips: Mark Levin and BadBlue News Service.
It's not "urgent" because Obama will leave office before the fit hits the shan.
ReplyDeleteI have yet to decide if President Obama really believes the lies he is trying to pass off to the American people. It appears he is trying to establish the current level of government spending as the new norm of acceptable government spending.
ReplyDeleteAt any rate, the path he has us on is a path that is leading straight to a fiscal cliff of dangerous proportions.
Exactly the operative word is URGENT. What seems clearly urgent to US is not urgent to him because he will be out of office and enjoying his retirement pension and golf every day with reggie love's 1 wood and stroking his putter.
ReplyDeleteThis guy just leaves me fu**ing speechless. He never lets me down.
ReplyDeleteHow stupid are the moron, low-information voter college kids?! I hope they get what they voted for. No future for them. I will not lift a finger to hire any of them.
ReplyDeleteCartesian rationalism is on the brink of evaporating completely.
ReplyDeleteInstead, we are watching the rise of new Science™. How can we be wrong if we all believe it?
.
It's why they legislated the Death Panels.
ReplyDeleteObama is not lying.
ReplyDeleteHe is pathologically delusional.
Whether we survive or not is irrelevant to him (preferably "not" though it seems).
Ah, but you see, this is the squirrely little rhetorical loophole Obama happily paints for himself.
ReplyDeleteHere's what he says:
“The only crisis we have is the one that is manufactured in Washington and it’s ideological and the basic notion is that we shouldn’t be helping people get health care and we shouldn’t be helping kids who can’t help themselves and whose parents are under resourced, we shouldn’t be helping them get a leg up.”
It's "ideological." That means the Republicans' ideology of cutting spending instead of raising taxes is at odds with Obama's plans to raise taxes to fund all of these programs.
GAO: "Absent policy changes." In Obama's world, that means, "Increase revenues," or (in human speak), raise taxes.
CBO: A "growing imbalance between revenues and non-interest spending." "Major changes in current policies." In Obama's world, those things both mean "increasing revenues." Or, as we say in the land of normal human speech, raising taxes.
Public Trustees of Medicare and SS: "Under current law, both of these vitally important programs are on unsustainable paths."
"Under current law." Do I need to repeat myself?
Gubmint economists: "Serious budget repairs." You really think Obama would ever interpret that as "cutting spending?" Of course not. In Obama's world, this means "increasing revenues," or, as people who don't use Orwellian Newspeak would say, raising taxes.
Mary Meeker: "Entitlement reform." We all know what THAT means in leftwing circles. It means raising taxes. EVERYTHING means raising taxes to the left. And Ms. Meeker here even lays it out for them. "(In the next 15 years), (Entitlements) plus net interest expenses will absorb all of ... [federal] annual revenue."
Well, we know how the left would plan to fix the revenue gap.
Obama isn't lying here. He's simply expressing his profound stupidity. In his very stupid opinion, all of these dire forecasts of impending economic DOOOOOM could be laid to rest if those daggum Republicans in Washington would quit caterwauling every time he tries to "make the rich pay their fair share." When they stonewall like that it means the government is robbed of "vital revenue" that would, in Obama's puny pea brain, be sufficient to fund every entitlement expense, every public aid program, and every bleeding heart discretionary program across the board.
So you see? It's ideological. The Republicans (allegedly) are the party of low taxes and low spending. The Democrats are the party of high taxes and high spending. In Obama's distorted and ludicrously idiotic worldview, if they can just get the meanie Republicans out of the way and institute an even MORE topheavy federal gubmint, then voila! The economy will explode with new jobs, innovation, fresh blood, and will keep chugging along like a well-oiled machine for the next hundred years.
Because Obama is a clodpated imbecile with the intellectual capacity of a mollusk.