Has Obama as promised to "cut our deficit in half by the end of my first term"?

Discussion in 'Politics' started by healthmyths, Oct 17, 2012.

  1. healthmyths

    healthmyths Gold Member Supporting Member

    Sep 19, 2011
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    when Obama said: "cut our deficit in half by the end of my first term."
    DID anyone ask Obama how he planned to do that as they are asking Romney about his tax cutting plans?

    But more importantly DID Obama lie when Obama indeed made the pledge on Feb. 23, 2009, following a "Fiscal Responsibility Summit" one month after his inauguration.

    His words:
    "Today I am pledging to cut the deficit we inherited in half by the end of my first term in office. Now, this will not be easy. It will require us to make difficult decisions and face challenges we've long neglected. But I refuse to leave our children with a debt that they cannot repay, and that means taking responsibility right now, in this administration, for getting our spending under control."
    PolitiFact | Romney says Obama promised to cut deficit in half

    NOW for the REALITY!!!
    Year Tax Revenue Expenditures Surplus or Deficit
    === ======== =========== ===========
    2000 $2.026 Trillion $1.789 Trillion $236.2 billion
    2001 1.991 1.862 126.6
    2002 1.853 2.010 (157.8 billion deficit)
    2003 1.782 2.159 (377.6 billion deficit)
    2004 1.880 2.252 (412.7 billion deficit)
    2005 2.153 2.472 (318.3 billion deficit)
    2006 2.406 2.655 (248.2 billion deficit)
    2007 2.568 2.728 (160.7 billion deficit)
    2008 2.524 2.982 (458.6 billion deficit)
    2009 2.105 3.517 (1.412 TRILLION deficit)
    2010 2.162 3.456 (1.293 Trillion deficit)
    2011 2.173 3.818 (1.645 Trillion Deficit

    Bush Deficits in 8 years $2.133 Trillion after Dot.com bust, 9/11 and worst hurricane SEASONS in history.

    Obama Deficits in 3 years $4.351 Trillion after what???? Any dot.com bust? Any 9/11? Any worst hurricane SEASONS??? Nothing happened that cost

    400,000 jobs due to Hurricanes Katrina/Rita again NOTHING Bush could do to prevent! After all he is definitely not the Messiah as Obama is considered!
    145,000 jobs in NYC alone due to 9/11.... so of course because of the Gorelick Memo the CIA was not allowed to share with the FBI the 9/11 terrorists in country!
    300,000 jobs lost due to dot.com busts....
    845,000 jobs LOST WAS THIS THE FAULT OF Bush causing the Dot.com, 9/11 and worst hurricanes??
  2. waltky

    waltky Wise ol' monkey Supporting Member

    Feb 6, 2011
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    Okolona, KY
    Granny says she ain't payin' it, she didn't spend it so she ain't payin' it - `sides dat she didn't even get dat 2nd stimulus check...
    U.S. Government's Foreign Debt Now $47,495 Per Household
    October 22, 2012 - The debt that the U.S. government owes to foreign interests now equals approximately $47,495 for each household in the United States, according to the latest data released by the U.S. Treasury and the Census Bureau.
  3. Charles_Main

    Charles_Main AR15 Owner

    Jun 23, 2008
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    Michigan, USA
    What about now. He keeps talking about how he wants to invest in more teachers, and Cops, and research while we already have a massive Budget Deficit.

    and how does he say he will pay for it all? By asking the rich to pay a little more? Has any reporter ever bothered to ask him how he comes up with that math? He could take 100% of the Riches income every year and it would only fund our current spending for 90 days.

    Such a double standard, Romney has to provide details or he is not credible, but Obama can say he can do it all by Taxing the Rich, which is a Mathematical impossibility, and nobody even questions it.
    Last edited: Oct 23, 2012

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