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AP Lets Obama's Claims of 'No Urgent Deficit Crisis' and Misleading 'Fastest Deficit

Discussion in 'News & Current Events' started by Revmitchell, Aug 27, 2013.

  1. Revmitchell

    Revmitchell Well-Known Member
    Site Supporter

    Feb 18, 2006
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    ....Even though the deficit is falling, it is still on track to exceed the highest shortfall ever recorded before Barack Obama came along. The deficit of $455 billion seen in fiscal 2008 is almost 30 percent lower than the projected full-year fiscal 2013 deficit of $642 billion the Congressional Budget Office estimated in May.

    As to how the deficit has "dropped at the fastest rate in 60 years," that's only true because no other administration in history has run even a single trillion-dollar fiscal year shortfall, let alone four in a row.

    This kind of statement is analogous to one we might hear from a spendthrift couple carrying excessive debt who had been going to fine-dining restaurants ten times per month. If they suddenly decided to increase their frequency to 20 and then "cut back" to 16, they might brag that "We've economized by more than we ever have!" No one would take such an argument seriously. We shouldn't take the argument being made by Obama, his administration and his party seriously either. What the AP and the rest of the press should be doing is exposing how singularly unserious this president is about fiscal responsibility. If someone other than a Democrat were in the White House, they would be.

    Read more: http://newsbusters.org/blogs/tom-bl...risis-and-fastest-deficit-drop-#ixzz2dArhJTjO