The Nacilbupera Guzzle

Whoever examines with attention the history of the dearths and famines … will find, I believe, that a dearth never has arisen from any combination among the inland dealers in corn, nor from any other cause but a real scarcity, occasioned sometimes perhaps, and in some particular places, by the waste of war, but in by far the greatest number of cases by the fault of the seasons; and that a famine has never arisen from any other cause but the violence of government attempting, by improper means, to remedy the inconveniences of a dearth. (Adam Smith, The Wealth of Nations IV.5.44)

Friday, August 21, 2009

Obama "Bears False Witness" Concerning Deficit

The ever master word-crafter, Obama had another "bad news" Friday leak today announcing that his projected 10-year deficit to be increased from $7T (trillion) to instead $9T (Politico) (Blog poster NeeNee has an astute elaboration on earlier bad news Fridays. See post #70:

What makes this especially deceptive is the fact that during Obama's press conference aimed at garnishing support for his socialistic universal healthcare just one month ago, Obama invoked the fact that he had saved the country $2T over the next 10 years:

"Then we had to pass a budget by law, and our budget had a 10-year projection. And I just want everybody to be clear about this. If we had done nothing, if you had the same, old budget as opposed to the changes we made in our budget, you'd have a $9.3 trillion deficit over the next 10 years. Because of the changes we've made, it's going to be $7.1 trillion.
Now, that's not good, but it's $2.2 trillion less than it would have been if we had the same policies in place when we came in.
So the reason I point this out is to say that the debt and the deficit are deep concerns of mine. I am very worried about federal spending. And the steps that we've taken so far have reduced federal spending over the next 10 years by $2.2 trillion."
(Source: Washington Post or Youtube video starting 31:09 through 32:12)

It seems incredulously inconvenient that now that America has awakened to the evils of HR3200 suddenly the projected savings have vanished. How can one trust one's health a leader so incompetent that the very arguments used to support passage of this monstrocity be vanquished in a mere month on a quiet Friday afternoon?

Indeed, Obama had the chutzpah this week to call religious leaders who opposed his plan guilty of "bearing false witness." Evidently, it is Obama who is "bearing false witness" to the American people in a massive misrepresentation of the severity of our federal deficit.

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