Tuesday, February 12, 2013

Deranged: In Advance of State of the Union Address, Obama Claims "Job of Debt Reduction Nearly Done"!


If that piece of work is truly "nearly done," it gives a whole new meaning to the concept of a half-ass effort. But regardless of whatever incredibly disingenuous, demented spin Obama and his fellow leftist democrat party minions try to put on the issue, the facts here are pretty simple:

-The national debt has exploded during Obama's presidency and now stands at $16.5 trillion.  (It stood around $10.6 trillion when Obama took office thanks to almost equally reckless spending by that idiot, W Bush -- something which Obama back then actually called "unpatriotic").

-Obama's federal government has been running annual budget deficits of $1-1.5 trillion every single year, with no end in sight.  That means adding $1-1.5 trillion to the national debt every year going forward.

-Obama has done nothing to change this course or to try to make some reasonable headway towards a balanced annual budget, let alone any actual reduction in the accumulated national debt.  He couldn't care less.

-Obama's democrat party-controlled Senate hasn't bothered to pass a budget since 2009.

-When Obama and the leftists talk about "debt reduction," they typically mean this: "Well, there was supposed to be such-and-such amount of large spending increases in the years to come, but thanks to us, the spending increases won't be quite as large as they were supposed to be!"  They call that "debt stabilization." Please.

Don't listen to this crap. When Obama likely says something similar in his State of the Union tonight, feel free just to laugh at him.  That always seems to work well for me.

http://www.washingtonpost.com/business/economy/obama-job-of-debt-reduction-nearly-done/2013/02/11/3e5b8008-7458-11e2-95e4-6148e45d7adb_story.html