Monday, February 23, 2009

Obama Hypocrisy 2.0: President Pledges Decrease in Deficit — After Increase

How many times is the Hypocrite-in-Chief going to get away with the lies and deceit?

He says one thing and does another. Rush Limbaugh pointed out on his radio show today that all Obama has to do is say it and it will be believed by the Obamamaniacs.

Anything he says will be reported on by the MSM as fact, and then he will do the exact opposite and do whatever he wants anyway. The soundbites on the "news" will be accepted as fact by the Obama faithful and the misinformed.

By claiming he will reduce the deficit to $500 billion in four years, he allows himself the freedom and flexibility to spend as much as he wants for the next three years. He will run up the deficit and spend, spend and spend on socialist programs that establish Liberal Totalitarianism. He will then use his last year's "fiscal restraint" as a campaign tactic in 2012 to claim what a great fiscal disciplinarian he is.

It's a joke and a lie. He is arrogant, radical, dishonest and dangerous.

Newsmax reports:

WASHINGTON – Urging strict future restraint even as current spending soars, President Barack Obama pledged on Monday to dramatically slash the skyrocketing annual budget deficit as he started to dole out the record $787 billion economic stimulus package he signed last week.

"If we confront this crisis without also confronting the deficits that helped cause it, we risk sinking into another crisis down the road," the president warned, promising to cut the yearly deficit in half by the end of his four-year term. "We cannot simply spend as we please and defer the consequences."

He said he would reinstitute a pay-as-you-go rule that calls for spending reductions to match increases and would shun what he said were the past few years' "casual dishonesty of hiding irresponsible spending with clever accounting tricks." He called the long-term solvency of Social Security "the single most pressing fiscal challenge we face by far" and said reforming health care, including burgeoning entitlement programs, was a huge priority.

Wall Street seemed unimpressed by all the talk. The Dow Jones industrials dropped 251 points for the day.

Obama's Fiscal Goals Hinge on Rosy Scenarios

WASHINGTON – President Barack Obama's ambitious goal of cutting the federal deficit in half relies on a perfect — some might say improbable — convergence of factors: a recovered economy, a tax boost for the rich and success in easing foreign entanglements.

In calling for a deficit of about $530 billion in four years, Obama has established a marker by which to measure his first-term performance as president. The dollar figure could be his albatross or his badge of success.

"This will not be easy," Obama said Monday as he kicked off a fiscal summit at the White House. "It will require us to make difficult decisions and face challenges we've long neglected."

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