Monday, October 17, 2011

The President is lying!

After listening to leftist politicians decry "Republican Spending cuts", I did a quick google search of the terms "federal spending cuts hurt" returning 2.6 million articles.

While this appears to be the campaign meme, the fact is it is untrue. There have been NO federal spending cuts! In fact spending is increasing.

A quick trip to the Treasury website confirms that federal spending for the first 9 months of 2011 are up 5% over the same period last year. ANd so is the debt!

In fact, the federal debt has increased by $870Billion this year alone! The deficit for this year alone is $1.645 TRILLION!

And the Federal government took in $2.173 trillion in total revenue, $1.467trillion coming form the income taxes of the top 10% of income earners, BTW, the Government at the same time spent $2.21 trillion on social security, medicare/aid, and welfare.

So how can our politicians, our president campaign on Republican spending cuts hurting the poor, the kiddies, the seniors, while there are no spending cuts, and while the presidents own Obamacare, combined with Stimulus jr. bill take $700 billion away from Medicare?

Very simple, He and they are lying to you.

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