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Just More Words: Prof. Obama’s Odyssey

- April 3, 2012

Too Bad Obama’s Rhetoric Can’t Make Money Grow On Trees, Maybe Then He Would Have A Solution To His Record Debt And Deficits

“President Barack Obama On Tuesday Will Shred The House GOP Budget As A ‘Trojan Horse’ Built Around Radical Right-Wing, ‘Thinly Veiled Social Darwinism’ And The Makings Of A Renewed Recession.”  (Jennifer Epstein, “Obama: Paul Ryan Budget Plan Is ‘Trojan Horse’,” Politico, 4/3/12)

THE ADMINISTRATION READILY ADMITS OBAMA’S BUDGET LACKS “A DEFINITIVE SOLUTION” TO FIXING OUR LONG-TERM DEBT CRISIS

Treasury Secretary Geithner: “You Are Right To Say We’re Not Coming Before You Today To Say We Have A Definitive Solution To That Long-Term Problem.” SEC. TIMOTHY GEITHNER: “What our budget does is get our deficits down to a sustainable path over the budget window. Why do they take off again? Why do they do that?” REP. PAUL RYAN: “Because we got 10,000 people retiring every day, and healthcare costs going up…” GEITHNER: “That’s right. We have millions of Americans retiring every day, and that will drive substantially the rate of growth of healthcare costs. You are right to say we’re not coming before you today to say we have a definitive solution to that long-term problem.” (Committee On The Budget, U.S. House Of Representatives, 2/16/12)

  • Secretary Geithner: “What We Do Know Is, We Don’t Like Yours.” (Committee On The Budget, U.S. House Of Representatives, 2/16/12)

Los Angeles Times: Obama “Offers No Real Solution To The United State’s Long-Term Fiscal Problems.”  “The day after the Greek Parliament approved another round of deep spending cuts in the face of violent protests, President Obama released a budget proposal for the coming fiscal year that offers no real solution to the United States' long-term fiscal problems.” (Editorial, “What About The U.S. Debt?” Los Angeles Times, 2/14/12)

  • LA Times: “All Told, His Proposal Comes Up About $2 Trillion Short Of The Savings His Own Deficit-Reduction Commission Called For Over 10 Years.” “All told, his proposal comes up about $2 trillion short of the savings his own deficit-reduction commission called for over 10 years. The economy may not be ready yet for a stiff dose of austerity, but the government needs a better plan for putting its fiscal house in order than Obama offered Monday.” (Editorial, “What About The U.S. Debt?” Los Angeles Times, 2/14/12)

Bloomberg: “Do As I Say, Not As I Do. That Was The Unwelcome Message In President Barack Obama’s Federal Budget For 2013.” (Editorial, “Obama Misses His Chance To Tackle Tax Reform In $3.8 Trillion Budget: View,” Bloomberg, 2/13/12)

The Washington Post: “The Final Budget Of His First Term Does Not Reflect The Leadership On Issues Of Debt And Deficit That Mr. Obama Once Vowed.”  (Editorial, “Obama’s Budget Falls Short, But It Beats Many Alternatives,” The Washington Post, 2/13/12)

  • WaPo: “On Social Security, Once Again Mr. Obama Fails To Propose A Strategy For Putting The Program On A Sustainable Path.” (Editorial, “Obama’s Budget Falls Short, But It Beats Many Alternatives,” The Washington Post, 2/13/12)

Obama’s Budget Is “Seen As More A Platform For The President’s Re-Election Campaign Than A Legislative Proposal.” “But the latest budget document can be seen as more a platform for the president’s re-election campaign than a legislative proposal for budget debates that will begin next week.” (Jackie Calmes, “Obama’s Budget To Focus On Cutting Deficit And Adding Jobs,” The New York Times, 2/10/12)

“The Budget Over All Captures Mr. Obama’s Effort To Define The 2012 Election Not As A Referendum On His Record, Which Puts Him On The Defensive.” “The budget over all captures Mr. Obama’s effort to define the 2012 election not as a referendum on his record, which puts him on the defensive if unemployment does not continue to come down, but as a choice between his priorities and those of Republicans, who reject any higher taxes and want to sharply reduce the size of government and remake its most popular programs, Medicare and Medicaid.” (Jackie Calmes, “Obama Budget Raises Taxes On The Rich To Spend On Jobs,” The New York Times, 2/13/12)

  • Obama’s Budget Includes “More Partisan Asides Than Past Budgets.” “Reflecting Mr. Obama’s more confrontational approach toward Republicans generally in an election year, after three years of their obstruction, the budget text that accompanied the nitty-gritty spending and revenue details included more partisan asides than past budgets.” (Jackie Calmes, “Obama Budget Raises Taxes On The Rich To Spend On Jobs,” The New York Times, 2/13/12)

Obama’s Binge Spending Breaks The Bank And His Promise To Tackle The Problem With Solutions Instead Of Speeches

President Obama Said He Was “Committed” To A “Serious Conversation” About The Budget While “Not Simply Trying To Position Ourselves Politically.” OBAMA: “And so the question is, at what point can we have a serious conversation about Medicare and its long-term liability, or a serious question about—a serious conversation about Social Security, or a serious conversation about budget and debt in which we're not simply trying to position ourselves politically? That's what I'm committed to doing. We won't agree all the time in getting it done, but I'm committed to doing it.” (President Barack Obama, Remarks to the House Republican Conference and a Question-and-Answer Session in Baltimore, Maryland, 1/29/10)

The National Debt Has Increased More Under Three Of Years Of Obama Than It Did Under Eight Years Of Bush. “The National Debt has now increased more during President Obama's three years and two months in office than it did during 8 years of the George W. Bush presidency. The Debt rose $4.899 trillion during the two terms of the Bush presidency. It has now gone up $4.939 trillion since President Obama took office. The latest posting from the Bureau of Public Debt at the Treasury Department shows the National Debt now stands at $15.566 trillion. It was $10.626 trillion on President Bush's last day in office, which coincided with President Obama's first day.” (Mark Knoller, “National Debt Has Increased More Under Obama Than Under Bush,” CBS News, 3/19/12)

  • The National Debt Is Now $ 15,582,078,681,189 An Increase Of Over $4.9 Trillion. (U.S. Treasury Department, Accessed 4/3/12)

Obama’s FY2013 Budget Adds $3.5 Trillion To Annual Deficits Through 2022. “President Obama’s 2013 budget would add $3.5 trillion to annual deficits through 2022, according to a new estimate from the Congressional Budget Office (CBO). It also would raise the deficit next year by $365 billion, according to the nonpartisan office.” (Erik Wasson, “CBO: Obama Budget Adds $3.5 Trillion In Deficits Through 2022,” The Hill’s “On The Money,” 3/16/12)

  • Politifact: “Obama Made A Pledge To Cut The Deficit In Half By The End Of His First Term. And He’s Falling Short So Far.” (Gregory Trotter, “Tim Pawlenty Says President Obama Is Going To Break Promise On Deficit And Will Double It,” Politifact, 6/10/11)

Obama Will Fall “Far Short Of His Goal To Halve The Deficit In Four Years.” “President Obama's proposed 2013 budget will forecast a $901 billion deficit for next year, falling far short of his goal to halve the deficit in four years.” (Richard Wolf, “Obama Budget To Miss Deficit Goal,” USA Today’s “The Oval,” 2/10/12)

OBAMA’S SPEECH AT GEORGE WASHINGTON UNIVERSITY IN APRIL 2011 WAS LAMBASTED FOR ITS LACK OF SOLUTIONS AND OVER-THE-TOP CHARGES

ABC’s Amy Walter: “While Politicians On Both Sides Of The Aisle Have Stressed The Need To “Put It All On The Table”, The President Made Clear That He Was Leaving A Lot On The Floor.” (Amy Walter, “Analysis: Obama's Debt Speech Sounded Like Campaign Fare,” ABC News’ “The Note”, 4/13/11)

  • Walter: “This speech wasn’t so much about coming up with a bi-partisan plan to tackle the deficit as it was about setting up the battle lines for a 2012 campaign.” (Amy Walter, “Analysis: Obama's Debt Speech Sounded Like Campaign Fare,” ABC News’ “The Note”, 4/13/11)

NBC’s David Gregory: “This Was A Down Payment On More Than The Debt, It Was A Campaign Speech.” (David Gregory, “Quick Thoughts After The President’s Speech,” MSNBC’s “Press Pass,” 4/13/11)

FactCheck.org: “President Barack Obama Misrepresented The House Republicans’ Budget Plan At Times And Exaggerated Its Impact On U.S. Residents During An April 13 Speech On Deficit Reduction.” (“Fact Checking Obama’s Budget Speech,” FactCheck, 4/15/11)

  • FactCheck.org: Obama’s Claim That Medicare Would Be Replaced With “A Voucher Program That Leaves Seniors At The Mercy Of The Insurance Industry” Was An Exaggeration.  “He said the GOP plan would replace Medicare with ‘a voucher program that leaves seniors at the mercy of the insurance industry.’ That’s an exaggeration. Nothing would change for those 55 and older. Those younger would get federal subsidies to buy private insurance from a Medicare exchange set up by the government.” (“Fact Checking Obama’s Budget Speech,” FactCheck, 4/15/11)
  • FactCheck.org: “He Said ‘Poor Children,’ ‘Children With Autism’ And ‘Kids With Disabilities’ Would Be Left ‘To Fend For Themselves.’ That, Too, Is An Exaggeration.” “He said ‘poor children,’ ‘children with autism’ and ‘kids with disabilities’ would be left ‘to fend for themselves.’ That, too, is an exaggeration. The GOP says states would have ‘freedom and flexibility to tailor a Medicaid program that fits the needs of their unique populations.’ It doesn’t bar states from covering those children.” (“Fact Checking Obama’s Budget Speech,” FactCheck, 4/15/11)

Obama Was Unaware That Ryan Was In The Audience During His Deficit Speech Which Attacked Ryan’s Budget. “At the university, Obama’s audience included students, university officials, and invited notables, including Republican Representatives Paul Ryan, Jeb Hensarling, and Dave Camp, who each had served on the Bowles-Simpson deficit commission. Prior to the speech, a pro forma invitation had gone out to members of the commission, but no one expected these three to show. When Sperling saw them in the auditorium, right before Obama was to hit the stage, he was stunned. The way the room was lighted, the president wouldn’t be able to see them. Their attendance, in the ways of Washington, was a conciliatory gesture, and the president was about to rip into them. Uh-oh, Sperling thought.” (David Corn, Showdown, 2012, p. 243)


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