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Politics : Formerly About Advanced Micro Devices
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To: zzpat who wrote (1032968)10/5/2017 2:17:51 PM
From: Tenchusatsu2 Recommendations

Recommended By
Bill
locogringo

  Read Replies (1) of 1575543
 
Zzpat,
Google "Obama $4 trillion deficit reduction plan" and learn how to learn.
You mean this "deficit reduction plan"?

Obama says he will cut deficits by $4 trillion

Politifact rated this "half-true," and that was back in 2012. Since then, the deficit has grown to $580B/year. Obama did NOTHING to cut spending.

Even his proposed "cuts" include savings from winding down wars in Iraq and Afghanistan, but those wars were already winding down under his watch. And yet the deficit still grew.

Obama also claimed that $800B in savings come from "savings from lower interest payments on debt," which is completely laughable since debt never shrinks as long as you have a deficit.

Is Obama’s $4 trillion deficit-reduction plan for real?

Bottom line is that Obama never had a real plan for reducing the deficit by $4 trillion. It was all a lie. Instead, he borrowed a lot of talking points from Simpson-Bowles and claimed they were "his ideas."

Tenchusatsu
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