Obama Claims He’s Cutting the Deficit, Hits New 4 Trillion Spending Record in One Year

“This is big,” wrote White House director of new media Macon Phillips in a February 23, 2009 blog post, ”the President today promised that by the end of his first term, he will cut in half the massive federal deficit we’ve inherited. And we’ll do it in a new way: honestly and candidly.”

To everyone’s utter and total surprise every word in that sentence was a complete lie. Especially the honest and candid part.

But there was a miscommunication. Obama meant to say that he would double the national debt, instead of cutting it in half. And while he didn’t quite pull that off, he came close, adding 6 trillion to the national debt. And with a second term, he’s sure to double the debt.

In keeping with Obama’s candid and honest plan to lie to everyone all the time, he delivered a radio address a few days ago in which he once again announced that he’s cutting the deficit.

No seriously. Stop laughing.

“For years, an argument in Washington has raged between reducing our deficits at all costs, and making the investments we need to grow the economy.  My budget puts that argument to rest.  Because we don’t have to choose between these goals – we can do both.  After all, as we saw in the 1990s, nothing reduces deficits faster than a growing economy.”

Sally, come in here for a minute. This is fantastic. I just found out that we don’t have to choose between spending money and not spending money. We can do both. Because nothing reduces our spending faster than spending more money.

A crazy man on the radio told me so.

“Now, the truth is, our deficits are already shrinking.  That’s a fact.  I’ve already signed more than $2.5 trillion in deficit reduction into law, and my budget will reduce our deficits by nearly $2 trillion more, without harming the recovery.”

So how is Obama’s Magic Bus of Deficit Reduction doing?

Barack Obama’s fiscal 2014 budget proposal this morning, the White House Office of Management and Budget revealed that in fiscal 2016, under the president’s budget proposal, it expects Obama to become the first president in the nation’s history to preside over a federal government that spends more than $4 trillion in one year.

Isn’t this amazing.

Obama hits a new record of spending 4 trillion in one year while making 4.5 trillion in spending cuts. Math has finally been defeated. Numbers are all imaginary now. And money comes from a magic tree in the backyard that Obama bought when he traded the treasury for some magical social justice beans.

According to OMB’s tables, the federal government would spend$3.7778 trillion in fiscal 2014 under Obama’s budget proposal. It would then spend $3.9801 trillion in fiscal 2015; $4.0898 trillion in fiscal 2016; and $4.2474 trillion in fiscal 2017.

See. We don’t have to choose between reducing the deficit and spending more money. We can just spend more money and ban math.

But this didn’t begin under Obama. Bush was just as bad.

The federal budget deficit hit a new record in the just-completed 2008 budget year under the latest estimates from the Congressional Budget Office.

The record $438 billion shortfall for the budget year that ended last week is up from $162 billion posted last year. The previous record of $413 billion was posted in 2004.

We went from a whopping horrifying 438 billion dollar deficit in 2008  to…

…in fiscal 2013, OMB projects a $972.9 billion deficit

Obama has done it. He doubled the deficit.

  • Spikey1

    Common Core math will be easy for the children….
    Child: "Mrs Smith I divided 438 by 2 and ended up with 972, that is clearly the correct answer, why did you mark it wrong?" "I also had a question about my Geography test score; there are clearly 58 states, Obama told me so, and yet again you marked my correct answer wrong.

  • BLJ

    He lies!

  • MrUniteUs

    Spending increases each year with population. The good news is revenue is now increasing faster than
    spending due to more people working.

    • Spikey1

      "Spending increases each year with population" prove the two are related and provide us with an answer as to why this needs to happen.

    • Daniel Greenfield

      Did our population double since 2008?

    • objectivefactsmatter

      "Spending increases each year with population. The good news is revenue is now increasing faster than
      spending due to more people working."

      "Unite us with lies, oh please!"

      I'm going to need to see your math sir.

    • Ar'nun

      "The good news is revenue is now increasing faster than
      spending due to more people working. "

      Your more people working schtick runs a bit contradictory to the report last week that Labor Force Participation rate fell for the 4th consecutive year.

  • Passer by

    Lots of new population or young people does not necessarily cause a better economy by itself; it could only help in certain specific cases. Thats a basic mistake western countries make. This is why the US has larger economy than 1,3 billion people India, for example. Yes, you have huge population with good birth rate in places such as Bangladesh, Nigeria, or Pakistan. Are they economic tigers? No.

    Therefore the US could have 500 million people and still be a third world country.

  • Nanis

    "I’ve already signed more than $2.5 trillion in deficit reduction into law, and my budget will reduce our deficits by nearly $2 trillion more.” It's one thing to say it and another different one to put the money on table to pay it. He must be doing a good job teaching "his" daughters how to LIE.

  • BS77

    The seventeen trillion dollar deficit is a disaster. This is a financial train wreck….but the media just shrugs, as usual.

  • blackvegetable

    Post the DEFICIT from FY 2009……..Post the projected DEFICIT for FY 2013…..

    Let me know if you will be needing help with the math

  • http://www.facebook.com/people/Patrick-Thompson/100000351264891 Patrick Thompson

    Hi moron.
    FY2009 was 85% set prior to Obama taking office.
    And FY2008 didn’t include $300 billion in spending (“emergency” spending didn’t show on the official deficit).

    1.2 trillion BEFORE Obama.

    642 billion now – thats cut in HALF.

    • yossarion

      I’ll let your first sentence rest just to show people what place you are coming from.

      • His plan to “strengthen” unemployment insurance is labeled as a “cut,” but it’s really a $50 billion tax hike.
      • The $35 billion from Federal worker retirement programs involves boosting worker contributions.
      • Most of the $35 billion in Medicare savings comes from charging wealthy seniors more money.

      The $140 billion in “reduced payments to drug companies” are, in fact,
      rebates Obama wants drugmakers to pay Uncle Sam for selling drugs to
      poor seniors.
      • Then there’s the $45 billion in spectrum fees and asset sales that Obama lists as spending reductions.

      If viewed correctly, it looks like more than $300 billion — about a third —
      of Obama’s proposed “spending cuts” are actually revenue increases.
      Immorally, this mislabeling has occurred in DC for a long time. Most
      recently, Presidents Clinton, Bush II and Obama have intentionally
      deceived the American people by labeling a tax increase as a spending

      Would you like me to get into the other magical math that the President is using? The important thing to note is that the $12 Billion is not getting any smaller under President Obama after it has doubled under his watch.

  • Mario Leon-Torres

    Obuma saying he cut 2 Trillion Dollars when he added 6 Trillion to the debt is the same as the lie he tells about adding six Million jobs when the economy lost eight Million jobs over that period. Where I went to school that is a net loss of two Million jobs. But even worse than Obuma lying all the time is the MSM/Press letting Obuma get away with the lies. At least we have a few Senators and Congressmen willing to call Obuma on the lies.