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Thread: Budget Panel: Obama Deficit Plan Saves Less Than Advertised

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    Budget Panel: Obama Deficit Plan Saves Less Than Advertised

    Obama lied, your tax dollars died.

    Budget Panel: Obama Deficit Plan Saves Less Than Advertised - FoxNews.com

    A leading panel of budget experts estimated Thursday that President Obama's latest spending plan does not save as much money as the White House initially claimed and is about $1.5 trillion more expensive than the Republican plan.
    The Committee for a Responsible Federal Budget also dialed back Republican claims about their spending plan. Though Rep. Paul Ryan, R-Wis., the plan's author, claimed it would cut $4.4 trillion over a decade, the committee said it would cut more like $4 trillion in that period.

    That still leaves $1.5 trillion separating the two plans, in an apples-to-apples comparison, raising questions about administration claims that Republicans and Democrats agree on how much to cut.

    The new estimates also showed the GOP plan would bring the debt down to about 69 percent of GDP by 2021. By contrast, Obama's plan would bring the debt to 77 percent of GDP, the report said.

    The committee is composed of former officials from the CBO, the White House Office of Management and Budget and other key offices.
    Last edited by Redress; 04-22-11 at 12:50 PM. Reason: removed "read more" from title, with permission

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    Re: Budget Panel: Obama Deficit Plan Saves Less Than Advertised Read more: http://ww

    As Bogart said..."I am shocked!, Shocked I tell ya..."


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    Re: Budget Panel: Obama Deficit Plan Saves Less Than Advertised Read more: http://ww

    Quote Originally Posted by Whovian View Post
    Where, uhh, was the lie? I also saw this in your article:

    1
    In response, the White House claimed that using the 10-year window, the president's budget plan would cut $2.9 trillion, not $2.5 trillion. And officials continued to stand by the claim that it cuts $4 trillion over 12 years. A White House aide suggested the president's plan would save more than the committee claims in part because of a "failsafe" provision that would trigger additional spending cuts if debt reduction goals are not met.

    "Even with the Committee for a Responsible Federal Budget's shifting of the goalposts and failure to factor the failsafe in their analysis, they still confirm that the president's plan would reduce the deficit substantially and prevent a large increase in the debt," White House spokeswoman Amy Brundage told Fox Business Network.
    Ted Cruz is the dumbest person alive.

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    Re: Budget Panel: Obama Deficit Plan Saves Less Than Advertised Read more: http://ww

    Quote Originally Posted by whysoserious View Post
    Where, uhh, was the lie? I also saw this in your article:

    1
    If Obama says it will save 'X', and a non-partisan panel of experts says it will only save 'Y', then Obama lied about how much it will save.

    If it helps you sleep, Ryan lied too.

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    Re: Budget Panel: Obama Deficit Plan Saves Less Than Advertised Read more: http://ww

    This President like so many others does little more than lie.


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    Re: Budget Panel: Obama Deficit Plan Saves Less Than Advertised Read more: http://ww

    Quote Originally Posted by Whovian View Post
    If Obama says it will save 'X', and a non-partisan panel of experts says it will only save 'Y', then Obama lied about how much it will save.

    If it helps you sleep, Ryan lied too.
    Being wrong and lying are two different things but we have had that conversation before.
    Ted Cruz is the dumbest person alive.

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    Re: Budget Panel: Obama Deficit Plan Saves Less Than Advertised Read more: http://ww

    Quote Originally Posted by whysoserious View Post
    Being wrong and lying are two different things but we have had that conversation before.
    yeah... it was a clerical error right?

    No wait... the President misspoke, right?

    No, I have it... It's Bush's fault, right?

    Please. To imply this was not a lie to make his plan look better than the GOP plan is disingenuous at best.

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    Re: Budget Panel: Obama Deficit Plan Saves Less Than Advertised Read more: http://ww

    Quote Originally Posted by Whovian View Post
    yeah... it was a clerical error right?

    No wait... the President misspoke, right?

    No, I have it... It's Bush's fault, right?

    Please. To imply this was not a lie to make his plan look better than the GOP plan is disingenuous at best.
    Honestly I do not know. It depends on how they look at what they are saving. Are they factoring in opportunity costs? What rates of interest are they using? Perhaps this independent panel evaluated how much money would be saved in a different (maybe even more accurate) way. There are many different ways to look at money, add it up, and value it. It is never as simple as "A - B = C" or I would agree with you.

    So, no I don't think if Paul Ryan and an independent group got different numbers that either group is necessarily lying, and the same goes for Obama.
    Ted Cruz is the dumbest person alive.

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    Re: Budget Panel: Obama Deficit Plan Saves Less Than Advertised Read more: http://ww


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    Re: Budget Panel: Obama Deficit Plan Saves Less Than Advertised Read more: http://ww

    A leading panel of budget experts estimated Thursday that President Obama's latest spending plan does not save as much money as the White House initially claimed and is about $1.5 trillion more expensive than the Republican plan.
    Let me pretend to be shocked.

    OMG Say it isn't true, Obama would never mislead his adoring disciples or the dumb-asses who always trust the guy.

    Where is the outrage? President Bush would be hung and burned in effigy, and called every name in the book.

    Obama gets a pass because he's incapable being wrong telling lies and damn sure would never monkey with the facts.

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