Obama Cut a Trillion Dollars

[patrickt]

"Obama responded: "Well, I have to tell you, David, if you look at my track record over the last two years, I cut spending by over a trillion dollars in 2011."
http://cnsnews.com/news/article/obama-i-cut-spending-over-trillion-dollars-2011

"According to the White House Office of Management and Budget, federal spending was not cut by $1 trillion in 2011. In fact, in fiscal 2010, federal spending was $3,456,213,000,000. In fiscal 2011, federal spending was $3,603,213,000,000. That was an increase of $147 billion.

While President Obama did not cut federal spending by $1 trillion in 2011, he did increase the debt by more than $1 trillion in that fiscal year. In fiscal 2011, according to the White House Office of Management and Budget, the federal deficit was $1,299,595,000,000. That was up from a deficit of $1,293,489,000,000 in fiscal 2010."
http://cnsnews.com/news/article/obama-i-cut-spending-over-trillion-dollars-2011

So, if President Obama lying again or is his ignorance in financial matters showing up? Or, perhaps he's saying that he spent a trillion dollars less than he wanted to spend? Who knows? We do not President Obama isn't going to tell us.

[Taxcutter]

Why does anybody believe Obama?

[Chris]

http://i.snag.gy/TvPJN.jpg

What's worse is many take him seriously.

[patrickt]

President Obama is right. He can do and say whatever he wants and as long as people get their Obamaphones he's good to go.

[Mainecoons]

It gets worse:

http://www.washingtontimes.com/blog/inside-politics/2013/jan/1/deficit-fiscal-cliff-bill-actually-spends-330-bill/


The "fiscal cliff" deal that was designed to save money actually includes $330.3 billion in new spending over the next decade, according to the official estimate the Congressional Budget Office released Tuesday afternoon.CBO said the bill contains about $25.1 billion in new cuts, but those are swamped by the new spending on extended unemployment benefits for the long-term jobless and other new refundable tax credits that President Obama fought for.
Of those cuts, only $2 billion are scheduled to take effect in 2013.
And CBO also warned that some of the cuts Congress is counting are from programs on which CBO never expected the money to be spent anyway — such as cuts to the Consumer Operated and Oriented Plan, which was part of Mr. Obama's health care law.
All told, the bill deepens the deficit by nearly $4 trillion over the next decade, when the new tax cuts and spending are combined.