Obama Bungles Budget Line

[Severa]

Factcheck.org

President Barack Obama messed up one of his favorite talking points about his 2012 budget proposal at a small business forum in Cleveland.

The president claimed that "I’ve designed a budget that freezes spending for five years and will help reduce the deficit by $400 billion over the next decade to the lowest level since Dwight Eisenhower was president." That’s not even close to being true.

According to the fiscal year 2012 budget unveiled on Feb. 14, the deficit in 2021 would be $774 billion (page 171). That actually would be a nearly $900 billion reduction — not a $400 billion cut — from the $1.65 trillion deficit projected for this year. But even if that turns out to be true, that wouldn’t be the lowest deficit since Eisenhower.

Deficits — based purely on dollar amounts and not adjusted for inflation — had never even been as high as $500 billion until 2009 when the deficit reached $1.4 trillion. And there were actually surpluses as recently as 1998, 1999, 2000 and 2001.

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I'd guess that math isn't necessarily Obama's strong point, but since we don't have much in the way of college records on him, one can only guess, huh?

[Gilligan (Premo)]

Originally Posted by Severa

[I'd guess that math isn't necessarily Obama's strong point, but since we don't have much in the way of college records on him, one can only guess, huh?

Tru dat.