13 Mar

Obama the Magnificent makes the debt crisis vanish

                                       

ObamaMagician

In an interview with George Stephanopoulos, Barack Obama claimed that there was no “immediate” debt crisis:

Well– I understand. Which is why, at some point, I think I take myself out of this. Right now, what I’m trying to do is create an atmosphere where Democrats and Republicans can go ahead, get together, and try to get something done. And, y– you know– I think what’s important to recognize is that– we’ve already cut– $2.5– $2.7 trillion out of the deficit. If the sequester stays in, you’ve got over $3.5 trillion of deficit reduction already.

And, so, we don’t have an immediate crisis in terms of debt. In fact, for the next ten years, it’s gonna be in a sustainable place. The question is, can we do it smarter, can we do it better? And– you know, what I’m saying to them is I am prepared to do some tough stuff. Neither side’s gonna get 100%. That’s what the American people are lookin’ for. That’s what’s gonna be good for jobs. That’s what’s gonna be good for growth.

Now that Obama is President, the debt will be in a “sustainable place”?

And don’t you know that some of us bitter clingers have a crisis mentality:

Well, the– you know, those are still tough. But the conversations are still takin’ place. And– and part of what– I’m– I’m tryin’ to encourage Congress to think about is yes, we’ve got some big disagreements on the budget. But we’ve made some big cuts. There’s not– in any way– an immediate crisis with respect to– our finances.

The economy is growing. And, you know, there may be disagreements that we can’t bridge right now– when it comes to financial situation. I’m hopeful that we can. But let’s not have this crisis mentality stall all the other progress that needs to be made to help– Americans find jobs, help Americans grow the economy.

But golly the debt sure was an issue in 2007:

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In fact, Bush adding $4 trillion in debt was downright “unpatriotic”

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But now adding $6 trillion to the debt is magically “sustainable.” Doesn’t it seem that $9 trillion is more sustainable than $16 trillion? Or $20 trillion?

Whahappened?

expired

Then again let us not forget that once upon a time Obamacare was not a tax

STEPHANOPOULOS: I wanted to check for myself. But your critics say it is a tax increase.

OBAMA: My critics say everything is a tax increase. My critics say that I’m taking over every sector of the economy. You know that. Look, we can have a legitimate debate about whether or not we’re going to have an individual mandate or not, but …

STEPHANOPOULOS: But you reject that it’s a tax increase?

OBAMA: I absolutely reject that notion.

expired

So here’s a table for liberals:

Bush $9 trillion debt = not sustainable

Obama $20 trillion debt = sustainable

Get it now?

As I always say, liberals have zero long term memory. Obama counts on them. Heavily.

About DrJohn

DrJohn has been a health care professional for more than 30 years. In addition to clinical practice he has done extensive research and has published widely with over 70 original articles and abstracts in the peer-reviewed literature. DrJohn is well known in his field and has lectured on every continent except for Antarctica. He has been married to the same wonderful lady for over 30 years and has three kids- two sons, both of whom are attorneys and one daughter on her way into the field of education. DrJohn was brought up with the concept that one can do well if one is prepared to work hard but nothing in life is guaranteed. Except for liberals being foolish.
This entry was posted in Barack Obama, Baracks Broken Promises, Deception and Lies, Economy, Obamanomics, Politics, propaganda bureau, Uncategorized, WtF? and tagged , , , , , . Bookmark the permalink. Wednesday, March 13th, 2013 at 12:13 pm
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6 Responses to Obama the Magnificent makes the debt crisis vanish

  1. Budvarakbar says: 1

    Liberals are just plain stupid!

    ReplyReply
  2. Nan G says: 2

    Who said,

    “[T]he cost of our debt is one of the fastest growing expenses in the Federal budget.
    This rising debt is a hidden domestic enemy, robbing our cities and States of critical investments in infrastructure like bridges, ports, and levees; robbing our families and our children of critical investments in education and health care reform; robbing our seniors of the retirement and health security they have counted on.”

    ?

    Obama.
    Back when Bush was President.

    ReplyReply
  3. Robbins Mitchell says: 3

    Well,does anybody really expect truth and accuracy from this clown any more?..this is just verbal 3 card monte…and Barokedoke assumes everybody will just keep picking the wrong card and he can keep fooling everybody who plays…..the “Chicago way” at its finest

    ReplyReply
  4. Brother Bob says: 4

    Lefties still bitterly cling to the notion that Obama’s debt is Bush’s fault. No amount of facts or reality will convince them otherwise

    ReplyReply
  5. johngalt says: 5

    It’s not an Obama thing. It wouldn’t matter who was President currently, their side would be forgiving, or explaining away the massive increases in spending while the opposition would be demonizing it. The establishment GOP doesn’t actually spend money any wiser than the progressive left does.

    The only real answer is for those common sense conservatives and liberals to take back their parties of choice and push the progressives back to the fringes.

    That means, for conservatives, getting rid of the people like McCain, Graham, Boehner, and the like.

    That means, for the liberals, getting rid of the people like Pelosi, Reid, Obama, and the like.

    ReplyReply
  6. Phil-351 says: 6

    Either Obama is a LIAR (hard to believe, I know.) or completely stupid concerning economics. Compared to the recent rent from Donna Brazille and the numb-skulled comments from Princess Nancy and Dingy Harry, I think it is all the above. There has been absoltuely no deficit reduction, it has been about $1T per year every year Obama has been in office.

    We are facing an Economic WMD set to go off in about 5-7 years from now. The current projections are to have a $20T national debt by the time Obama leaves office, if not more. Back when we have a healthy economy, the prime reate was arounf 5.35%, the Nation Debt was about $10T, and our service on that debt was approx. $385B. If the economy ever gets healthy again, the service on the National Debt will approach $1T PER YEAR!!.

    ReplyReply

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