Networks Hype Obama on Leno, But Skip This Whopper: 'We Don't Need a Huge Government'
Some comments are so unbelievable, one would think even liberal journalists would be forced to challenge them. However, even though all three morning shows on Wednesday covered Barack Obama's appearance on the August 6 Tonight Show, none of them noticed his claim to be a supporter of small government. Talking to Jay Leno, Obama discussed the sequester and spending. He seriously insisted, "One of the things I've been trying to get across here is that we don't need a huge government. " He added, "But we need government doing some basic things and we should all agree on a sensible mechanism to go ahead and pay for it. Make sure we don't waste money." Keep in mind, "in just one term President Obama will have increased the national debt as much as all prior Presidents, from George Washington to George Bush, combined," according to Forbes. He also pushed through Obamacare. Yet, NBC's Today, ABC's Good Morning America and CBS This Morning all skipped this cynical assertion.
Keep in mind, "in just one term President Obama will have increased the national debt as much as all prior Presidents, from George Washington to George Bush, combined," according to Forbes
Forbes, of course, is lying for two reasons:
1. The National Dept is a fake. WE the citizens own most of our 'NATIONAL debtt'. The National debt is increasing because of Bush The Lesser.
2. Forbes is duping the gullible readers. They fail to account for inflation, AND have made it look as if the persident increased it during his watch. The National Debt is based on PREVIOUS administrations. Not the current one.
Forbes isn't lying; you can't rely on these people to accurately assess Forbes commentary.
"The CBO has summarized the cause of change between its January 2001 estimate of a $5.6 trillion cumulative surplus between 2002 and 2011 and the actual $6.1 trillion cumulative deficit that occurred, an unfavorable "turnaround" or debt increase of $11.7 trillion. Tax cuts and slower-than-expected growth reduced revenues by $6.1 trillion and spending was $5.6 trillion higher. Of this total, the CBO attributes 72% to legislated tax cuts and spending increases and 27% to economic and technical factors. Of the latter, 56% occurred from 2009 to 2011."
2001-2010, Bush's tax cuts resulted in a net loss of $2.13 trillion to the US economy.
Via Obama extending those tax cuts (2010-2012) , the US economy has lost an additional $729 billion.
US GDP is roughly $15 trillion and decreasing; US debt is over $16 trillion and increasing