Only President Obama has the nerve to lie (and get away with it) to the American people when he says he is serious about cutting taxes and reducing the debt.
President Obama’s statement at the pep rally in The White House yesterday . . .
Last year in 2011, we started reducing the deficit through $1 trillion in spending cuts. Those have already taken place.
The truth is, shelving a proposed trillion-dollar spending measure is not reducing or cutting anything real.
The agreement being worked on right now would further reduce the deficit by asking the wealthiest 2 percent of Americans to pay higher taxes for the first time in two decades, so that would add additional hundreds of billions of dollars to deficit reduction. So that’s progress, but we’re going to need to do more.
The smoke and mirrors that the media ignores and the dumb masses can’t figure out is that, there is no connection between raising taxes and deficit reduction. Period.
The bill that passed the Senate earlier today raises taxes, and raises spending. The ratio is 1:6.7 For every dollar of tax increase, spending increases nearly seven dollars. It does zip, zero, nada to decreasing the national debt or the deficit. And what’s worse is this. The Left is fine with the lies. They’re upset because, in their mind, Obama caved and didn’t raise taxes enough.
