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Wednesday, February 13, 2013

Sorry Mr. President But You've Added 146,621,928 TONS of Dimes to the Debt

It's only February but last night one of the President's statements became leading contender for the Lie of the Year:
Tonight, I’ll lay out additional proposals that are fully paid for and fully consistent with the budget framework both parties agreed to just 18 months ago. Let me repeat – nothing I’m proposing tonight should increase our deficit by a single dime.
Obama did not get into many specifics on how his ideas -- most of them requiring addition taxpayer dollars would be implemented without increasing the deficit. Perhaps he meant it wouldn't cost a single dime...but trillions of dimes.  Of course that is not the kind of question the progressive media would ask. Nor would they point out the times Obama made similar pledges: 
  • In 2011, Obama Promised To Find “Every Single Dime Of Waste And Misspent Money” In His Economic Plan. OBAMA: “So what my plan does is it starts with combing the budget for savings wherever we can find it. And we had a good start a few weeks ago, when both parties came together around a compromise that cut spending, but also kept the Government open and kept vital investments in things that we care about. We need to build on those savings, and I’m not going to quit until we’ve found every single dime of waste and misspent money. We don’t have enough money to waste it right now. I promise you that. We’re going to check under the cushions, you name it.”

  • In 2010, Obama Touted Job Promotion Legislation That Would “Not Add One Single Dime To Our Deficit.” “The jobs bill that is stalled in Congress would completely eliminate taxes on key investments in small businesses. It would allow small-business owners to write off more expenses. And it would make it easier for community banks to do more lending to small businesses, while allowing small firms to take out larger SBA loans with fewer fees, which countless entrepreneurs have told me would make a big difference in their companies. I’d also like to point out this legislation is fully paid for and will not add one single dime to our deficit.”
  • In 2009, Before A Joint Session Of Congress, Obama Declared That He Would Not Sign A Health Care Bill That Adds A Single Dime To The Deficit. OBAMA: “Finally, let me discuss an issue that is a great concern to me, to Members of this Chamber, and to the public, and that’s how we pay for this plan. And here’s  what you need to know. First, I will not sign a plan that adds one dime to our deficits, either now or in the future. I will not sign it if it adds one dime to the deficit, now or in the future, period.”
CBO: ObamaCare’s Coverage Provisions Will Increase The Federal Deficit By Over $1 Trillion. “Over the 10-year period from 2012 through 2021, enactment of the coverage provisions of the ACA was projected last March to increase federal deficits by $1,131 billion, whereas the March 2012 estimate indicates that those provisions will increase deficits by $1,083 billion.”  And that's a ton of dimes.
  •  In February 2009, Obama Said That He Would “Cut The Deficit In Half By The End Of [His] First Term In Office.” OBAMA: “Yesterday, I held a fiscal summit where I pledged to cut the deficit in half by the end of my first term in office.” The Budget Deficit For FY2013 Will Be $845 Billion – Larger “Than In All But One Year Between 1947 And 2008.”
The truth is (according to the Treasury Dept.)  between January 21,2009 and February 12, 2013 the national debt has increased by $5,864,877,106,284.4 which comes to 58,648,771,062,844 dimes. Now according to Wikianswers there are 200 dimes in a pound and since there are 2,000 pounds in a ton there are 40,000 dimes in a ton. Put it all together it means that  since his first inauguration Barack Obama has added 146,621,927.66 TONS of dimes to the debt (or two Rosanne Barrs and Five Michael Moores). That is a hell of a lot more than ONE dime.

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