Intelligent people who’ve viewed this video of President Obama don’t trust what the spinmeister-in-chief is saying:
That President Obama would characterize the budget cuts currently heading in our direction as draconian is insulting. They aren’t draconian. Honest, intelligent people would characterize them as barely visible. If the sequestration isn’t averted for this year, they’ll represent $85,000,000,000 in a budget of $3,600,000,000,000.
Sequestration represents 2.4% of this year’s budget.
This video exposes President Obama, with Charles Krauthammer landing the harshest criticism of President Obama:
Here’s what Charles said:
In terms of the gross domestic product of our economy this is .03, it’s a third of 1% of our domestic economy. On the domestic side, overall, it’s 2.5 cents on the dollar. And overall, on the non-defense side, it’s a penny-and-a-half on the dollar of reductions. Here we are with a debt of $16 trillion and the argument today is if we cut a penny-and-a-half on non-defense spending in one year it’s the end of the world. If so, we are hopelessly in debt and we’re going to end up like Greece.
It’s important that we put this into perspective. The stiumulus passed in 2009 spent $850,000,000,000. There wasn’t a cent of that that wasn’t pork. At least 80% of the stimulus spending was added to the FY2009 deficit.
Here’s another important thing to keep in perspective. In 2011, President Obama opposed the Republicans’ plan to cut spending. Their plan was built on the principles laid out by the Simpson-Bowles Commission. This winter, President Obama is proposing a faux deficit reduction plan that’s equal parts spending cuts and tax increases.
Putting it politely, that’s insulting. President Obama’s already presided over 2 tax increases this winter, one from fiscal cliff deal, the other from the ACA. Does President Obama think that a trio of tax increases in 3 months will strengthen the economy? If he does, then it’s a perfect illustration why he’s the worst economic president in US history not named FDR or Hoover.
President Obama doesn’t want to cut spending. I’m not even certain he cares about the national debt or the annual deficit.