At Hofstra University Four Years Ago Obama Promised to Cut the Deficit
Going “Line By Line” Through The Federal Budget And Eliminating
Programs That Don’t Work
campaign is to propose a net spending cut.” (Sen. Barack Obama, Remarks During The Third Presidential Debate,
Hempstead, NY, 10/15/08)
Spending With An Additional Cut. OBAMA: “Every dollar that I’ve proposed, I’ve proposed an
additional cut so that it matches.” (Sen. Barack Obama, Remarks During The Third Presidential Debate,
Hempstead, NY, 10/15/08)
“Budget Line By Line, Page By Page” And “Eliminate A Whole Host
Of Programs That Don’t Work.” OBAMA: “We need to eliminate a whole host of programs that
don’t work. And I want to go through the federal budget line by line, page by
page, programs that don’t work, we should cut. Programs that we need, we should
make them work better.” (Sen. Barack Obama, Remarks During The Third Presidential Debate,
Hempstead, NY, 10/15/08)
Trillion Dollar Deficits And Increased Spending By 20 Percent
Deficit Will Exceed One Trillion Dollars, All Under President Obama.” (Erik Wasson, “CBO Says 2012 Deficit Has
Reached $1.17T,” The Hill, 9/10/12)
- Obama
Had Already Racked Up The Three Largest Deficits In U.S. History. “The U.S budget deficit for fiscal year 2011 is
$1.299 trillion, the second largest shortfall in history. The nation only
ran a larger deficit for the 2009 fiscal year, which included the dramatic
collapse of financial markets and a huge bailout effort by the
government.” (Erik Wasson, “Treasury Announces 2011 Deficit Is
Second Highest In History,” The Hill‘s “On
The Money”, 10/14/11)
Deficit Was About $1.1 Trillion In Fiscal Year 2012. (“Monthly Budget Review: Fiscal Year
2012,” Congressional Budget Office, 10/5/12)
- FY2009:
The Federal Budget Deficit Was $1.413 Trillion, The Highest In U.S.
History. (“Monthly Budget Review:
November 2011,” Congressional Budget Office, 11/7/11) - FY2010:
The Federal Budget Deficit Was $1.294 Trillion, The Third Highest In U.S.
History. (“Monthly Budget Review:
November 2011,” Congressional Budget Office, 11/7/11) - FY2011:
The Federal Budget Deficit Was $1.299 Trillion, The Second Highest In U.S.
History. (“Monthly Budget Review:
November 2011,” Congressional Budget Office, 11/7/11)
Obama Took Office. The federal government
spent $3.1 trillion in FY2008 in inflation adjusted dollars. Under Obama, in
FY2012 the federal government spent $3.8 trillion dollars.(“Table 1.3 -
Summary Of Receipts, Outlays And Surpluses Or Deficits In Current Dollars,
Constant (FY2005) Dollars, And As Percentages Of GDP: 1940-2016,” Office Of Management And Budget, Accessed
5/16/12; “Budget Of The United States Government, Fiscal Year 2013,” Office Of Management And Budget, 2/13/12)
- Obama
Proposed FY2013 Budget Calls For Increasing Government Spending Well Above
Historical Norms. From 1969
To 2008 The Federal Government Spent An Average Of 20.6 Percent Of GDP,
Obama’s Proposed FY2013 Budget Calls For Spending 22.8 Percent Of GDP By
FY2022. (“Table 1.2 – Summary Of Receipts, Outlays And Surpluses Or
Deficits As Percentages Of GDP: 1930-2016,” Office Of Management And Budget, Accessed
5/16/12; “Budget Of The United States Government, Fiscal Year
2013,” Office Of Management And Budget, 2/13/12)
Has Hovered Around 24% During The Obama Administration…Elevated From The
Historical Average Of 20.7% Over The Past 40 Years.” “Government spending as a share of the
economy has hovered around 24% during the Obama administration, several
percentage points higher than under President Bush, according to Congressional
Budget Office data. It’s also elevated from the historical average of 20.7%
over the past 40 years.” (Tami Luhby, “Did Obama Really Make
Government Bigger?” CNN Money, 1/25/12)
Hit Highs Not Seen Since The End Of World War II – Completely The Opposite Of
The Point Asserted By Carney.” “In the post-war era, federal
spending as a percentage of the U.S. economy has hovered around 20 percent,
give or take a couple of percentage points. Under Obama, it has hit highs not
seen since the end of World War II – completely the opposite of the point
asserted by Carney. Part of this, of course, is a consequence of the recession,
but it is also the result of a sustained higher level of spending.”(Glenn
Kessler, “The Facts About The Growth Of Spending Under Obama,” The Washington Post’s The
Fact Checker, 5/25/12)
- Politifact:
“As A Percentage Of Gross Domestic Product … Discretionary Spending
Under Obama Reached Its Highest Level In About Two Decades …” “As a percentage of gross domestic product –
which is a measure of the nation’s economy — discretionary spending under
Obama reached its highest level in about two decades, according to figures
released by the White House’s Office of Management and Budget.” (Bill
Wichert, “Cory Booker Claims Obama Has Overseen Nation’s ‘Lowest
Discretionary Spending We’ve Had In Decades’,” Politifact, 5/28/12)
Example For The American People About How To Manage Their Budgets And Borrow
Responsibly
Able To Go Back To Our Profligate Ways” And Should “Embrace A Culture
And Ethic Of Responsibility.” OBAMA: “But what is absolutely true is that, once we get
through this economic crisis and some of the specific proposals to get us out
of this slump, that we’re not going to be able to go back to our profligate
ways. And we’re going to have to embrace a culture and an ethic of
responsibility, all of us, corporations, the federal government, and
individuals out there who may be living beyond their means.” (Sen. Barack
Obama, Remarks During The Third Presidential Debate,
Hempstead, NY, 10/15/08)
Other President
(US Department Of The
Treasury, TreasuryDirect.gov, Accessed 10/15/12)
Risen By $5.5 Trillion, An Increase Of Over 52 Percent. (US Department Of The Treasury, TreasuryDirect.gov, Accessed 10/15/12)
Last Five Presidents.” “So by this measurement — potentially a more important one
– Obama is the undisputed debt king of the last five presidents, rather than
the guy who added a piddling amount to the debt, as Pelosi’s chart
suggested.” (“Nancy Pelosi Post Questionable Chart On Debt
Accumulation By Barack Obama, Predecessors,” Politifact, 5/19/11)
- Obama
Is Responsible For “The Most Rapid Increase In The Debt Under Any
U.S. President.” “The
latest posting by the Treasury Department shows the national debt has now
increased $4 trillion on President Obama’s watch. The debt was $10.626
trillion on the day Mr. Obama took office. The latest calculation from
Treasury shows the debt has now hit $14.639 trillion. It’s the most rapid
increase in the debt under any U.S. president.” (Mark Knoller,
“National Debt Has Increased $4 Trillion Under Obama,” CBS News, 8/22/11)
2012-10-16 13:03:58
Source: http://www.americanfreedombybarbara.com/2012/10/at-hofstra-university-four-years-ago.html
Source:
Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.
"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world. Anyone can join. Anyone can contribute. Anyone can become informed about their world. "United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
LION'S MANE PRODUCT
Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules
Mushrooms are having a moment. One fabulous fungus in particular, lion’s mane, may help improve memory, depression and anxiety symptoms. They are also an excellent source of nutrients that show promise as a therapy for dementia, and other neurodegenerative diseases. If you’re living with anxiety or depression, you may be curious about all the therapy options out there — including the natural ones.Our Lion’s Mane WHOLE MIND Nootropic Blend has been formulated to utilize the potency of Lion’s mane but also include the benefits of four other Highly Beneficial Mushrooms. Synergistically, they work together to Build your health through improving cognitive function and immunity regardless of your age. Our Nootropic not only improves your Cognitive Function and Activates your Immune System, but it benefits growth of Essential Gut Flora, further enhancing your Vitality.
Our Formula includes: Lion’s Mane Mushrooms which Increase Brain Power through nerve growth, lessen anxiety, reduce depression, and improve concentration. Its an excellent adaptogen, promotes sleep and improves immunity. Shiitake Mushrooms which Fight cancer cells and infectious disease, boost the immune system, promotes brain function, and serves as a source of B vitamins. Maitake Mushrooms which regulate blood sugar levels of diabetics, reduce hypertension and boosts the immune system. Reishi Mushrooms which Fight inflammation, liver disease, fatigue, tumor growth and cancer. They Improve skin disorders and soothes digestive problems, stomach ulcers and leaky gut syndrome. Chaga Mushrooms which have anti-aging effects, boost immune function, improve stamina and athletic performance, even act as a natural aphrodisiac, fighting diabetes and improving liver function. Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules Today. Be 100% Satisfied or Receive a Full Money Back Guarantee. Order Yours Today by Following This Link.
| Online: | |
| Visits: | 1,668,596,371 |
| Stories: | 8,329,041 |
Whistler Blowers, Insiders
