Still Thinking About Voting For Obama?

Hat tip to Common Cents.

Flashback

Obama 0-4 for 2008 townhall-debate promises.

Fiscal Discipline

Actually Happened

Axelrod in 2005: Adding Three Trillion to the Deficit In Four Years Is Madness

Than what is more than five trillion in four years? 

If He Were a Republican, This Would Make Him An Idiot

Via Gateway Pundit:  "Obama Pulls a Biden, Tells Audience, 'Three Proud Words – Made in the USA!'"

Of course, Obama's never been very good with math.

Plus:  Obama's supermarket scanner moment?

Democratic Grandee Explains What the Obstacle Was For the Simpson-Bowles Plan

Spoiler alert:  Obama (Not Ryan or the Republicans).

Reality Deficit: Left and Obama Misrepresent Debt and Deficit Over Last Four Years

Olympics - Starring Kristi Yamaguchi and other Olympic Stars

Key takeaway:  "He faced a $400 million budget deficit and turned it around to $100 million surplus."

Obama Runs Campaign Like He Runs the Country

Obama campaign spends more in June than it takes in.

Broken Campaign Promises: Six Times Obama Promised To Cut The Deficit

How did that work out?

Chart via Gateway Pundit

How to Make Obama's Spending Look Small

In one easy to follow infographic:

Is Obama a Big Spender?

Obama and his media surrogates are now trying to claim that he is not.  James Pethokoukis (and reality) lays waste to this argument.

More here.

In a Bold Move

Obama adopts a position on gay marriage that Dick Cheney articulated twelve years ago.  Gay marriage, birth control, dogs . . . .  It seems Obama is willing to talk about anything as long as it's not the economy.  I wonder why?

Why Obama Will Not Be Running On His Record

Hat Tip to The Gateway Pundit.

Broken Promises: Campaigning To Cut Spending

It's so easy to forget, but:

As a candidate, Obama claimed that one cause of the economic crisis was the large deficits the country was running, and he promised that he would fix things by cutting government spending. During the third presidential debate, just over two weeks before the election, Obama promised to rein in the budget deficit.

When debate moderator Bob Schieffer asked Obama what he was going to do about the deficit, Obama promised to cut it: “But there is no doubt that we’ve been living beyond our means and we’re going to have to make some adjustments. Now, what I’ve done throughout this campaign is to propose a net spending cut.”

Or take Obama’s promise in the second presidential debate: “Actually, I’m cutting more than I’m spending so that it will be a net spending cut.” Obama ran to the right of McCain, who Obama claimed was the candidate who was going to increase spending.

So what did we get? Obama racked up the largest inflation-adjusted increases ever in government spending and the largest deficits (even larger than those the U.S. ran in the worst part of World War II), and it is hard to remember that his constant theme during the presidential debates was “net spending cut.”

Having racked up those deficits (and endangering our national defense), some might question Obama's patriotism.

The Buffett Rule

It is no secret that Obama has failed to put forth a credible solution to the nation's debt crisis.  One of the few solutions he has proposed is the so-called Buffett Rule.  Well, the numbers are in: the Buffett Rule would raise an additional $47 billion over the next 11years, compared to the $47,913 trillion the Congressional Budget Office now projects in federal spending during that time. 



Of course, the Buffett Rule was never really about raising revenue.  It was about scapegoating and villifying the wealthy. The reality is that the US already has the most progressive tax system in the world.  And even if you taxed 100% of the income of those millionaires and billionaires, it still wouldn't close the budget gaps.  Actually paying for Obama's spending would necessarily involve massive, crippling middle class tax hikes.  But he doesn't want to do that, at least not until after his re-election. 

It's Official

In just three years and two months, Obama has increased the national debt more than Bush did in eight years.  And here is some more food for thought:  If Mr. Obama wins re-election, and his budget projections prove accurate, the National Debt will top $20 trillion in 2016, the final year of his second term. That would mean the Debt increased by 87 percent, or $9.34 trillion, during his two terms.
Hat tip to Instapundit.

Flashback: Obama Calls Bush Unpatriotic

Correct me if I am wrong, but, by his own metric, I believe Obama would be the most unpatriotic president in history.  $5 trillion in 3 years . . . and counting.

Government Records its Worst Monthly Deficit in History

The federal government recorded its worst monthly deficit in history in February, according to a preliminary report Wednesday from the Congressional Budget Office that said the deficit in fiscal year 2012 is already more than half a trillion dollars.

The CBO’s figures show that despite repeated efforts to trim spending, the government has borrowed 42 cents of every dollar it spent during the first five months of this fiscal year.

The nonpartisan agency projected the government will run a deficit of $229 billion in February, the highest monthly figure ever. The previous high was $223 billion a year ago, in February 2011.

It is the 41st straight month the government has run a deficit — itself a record streak that dates back to the final months of President George W. Bush’s tenure. Before now, the longest streak on record was 11 months.

 For all the money that they are burning, you would think that we would at least have something to show for it, but unemployment is still over 9%.