Funny how the parallels between Obama and Hitler keep lining up, isn’t it? First there was the adage that “Hitler gave good speeches too” and now Obama seems to be embracing the philosophy behind the Hitler quote I used as the title for this post.
If you tell a big enough lie and tell it frequently enough, it will be believed…
“I’m pledging to cut the deficit we inherited by half by the end of my first term in office.”
“administration has inherited a $1.3 trillion deficit” for fiscal 2009.
Now lets look at the facts- the non-partisan Congressional Budget Office estimates that the actual deficit for 2009 will be around $2 trillion, which means that Obama nearly doubled the deficit his first year in office.
If you inflate the budget enough, its not that difficult to then halve it. Interestingly enough, the CBO also estimated that the deficit spending Obama will incur is more than double that which would have occurred if he had kept spending and taxation at the Bush administration’s levels… and that’s including the additions of the $787 billion stimulus bill, and the $140 billion omnibus spending bill.
So even though technically his statement is ture, it is also misleading enough to make people think that he is doing something about the deficits… hes not, check out this graph:
So even if he DOES cut it in half, his deficits will still be larger than those of Bush- who he blames for everything from the economy, to a bad hair day.
Furthermore, CBO estimated that his budget will have HUGE effects after he leaves office, racking up $9.3 trillion in deficits from 2010- 2019, and accumulating $4.8 trillion in interest over the next 10 years. That means that in 2019, 82% of our Gross Domestic Product will go to pay down our deficit spending.
Which reminds me, CBO’s report also indicated that the national debt during Obama’s term will go from $7 trillion to $12 trillion, with 250 billion on interest each year.
While technically, Obama was telling the truth, he did it in a very misleading and dishonest way- acting as if this deficit halving actually meant something, and that Bush did much worse than he will… not true. You cannot mislead the American people that way, especially not when there is a place like WordPress where I can tell you all about Obama’s lies!