The 7 Things Obama Isn’t Telling You When He Brags About Reducing the Budget Deficit

From The Blaze.com (Jan. 9):

President Barack Obama said Thursday that his administration has reduced the budget deficit significantly over the past few years — a boast that conveniently leaves out several key details about how the deficit rose so quickly under Obama, and how it really fell.

“We’ve done all this while cutting our federal deficit by about two-thirds,” Obama said Thursday in Arizona. “And I’m going to repeat that, because they did a poll the other day and like 70 percent of the people think the deficit is going up.”

“The deficit has gone down by two-thirds since I was President of the United States,” he said. “So we’re doing all this in a fiscally responsible way.”

The White House repeated that boast in a tweet showing that “the deficit has gone down by two-thirds”:

Here are seven key facts the White House is leaving out when it talks about the deficit:

1) The Annual Budget Deficit is Falling, but It’s Still Big, and It’s Still Adding to the Total National Debt.

2) Obama’s Lowest Budget Deficit is Still Higher Than George W. Bush’s Biggest Deficit.

3) Real Credit for the End of $1 Trillion-plus Budget Deficits Belongs to the End of the Great Recession, and Renewed Republican Pressure to Keep Spending Down.

4) Obama Was Opposing Those Spending Reductions Year After Year.

5) Obama Has Rejected GOP Proposals to Eliminate the Deficit and Start Paying Down the Debt.

6) Other Analysts Say the Deficit is About to Get Worse.

7) Total National Debt Will Nearly Double Under Obama.

[read more]