Friday, February 18, 2011

I Realize That He's From Hawaii...

...but, surely, he's been on the mainland long enough to know what FREEZING is, hasn't he?  I mean, Chicago isn't exactly balmy this time of year.

From ABC News:
ABC News' Jake Tapper and Sunlen Miller report: In an interview with ABC News’ Cincinnati affiliate WCPO-TV WednesdayIn an , President Obama said that his “budget freezes spending for five years, and what that does is it solves the short-term problem by saying, we’re not going to spend any more money than we’re taking in.”
That is factually incorrect. Even after the president’s proposed budget – with its optimistic prediction of 3.9% growth – achieves a point, in 2017, when spending is roughly equivalent to taxes coming into the government, the U.S. government will continue to borrow hundreds of billions of dollars a year to pay for interest on the national debt accrued until that point – including debt racked up during the Obama presidency.
"Factually incorrect".  That's the words you use when someone tells a BIG FAT LIE! - but when you're trying to point it out politely.

So, how does he mince words to manage to state otherwise?  He ignores the interest on the debt.

Well, hell, any of us could make our budget look better by not including the credit card and mortgage interest in the monthly budget.

Unfortunately, our creditors won't let us not pay it.  Neither will the Chinese.

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