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Obama’s Spending Lie on the Debt Deal

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WRITTEN BY THOMAS R. EDDLEM
TUESDAY, 02 AUGUST 2011 00:00
ObamaPresident Obama announced his debt deal with House Speaker John Boehner with a dramatic quote about the intensity of the cuts in the deal:

“The result would be the lowest level of annual domestic spending since Dwight Eisenhower was President — but at a level that still allows us to make job-creating investments in things like education and research.”

The problem is that his statement was an outright lie.

Though Obama’s statement sounded good, but a White House memo on the deal reveals his words to be false. It reads that the deal

“… reduces Domestic Discretionary Spending to the Lowest Level Since Eisenhower: These discretionary caps will put us on track to reduce non-defense discretionary spending to its lowest level since Dwight Eisenhower was President.”

That sounds similar, but non-defense discretionary spending is only one-eighth of total spending. Total federal spending is the highest it’s been since World War II, both in real dollar terms and in terms of . . .

Watch the video…

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Read more: http://www.thenewamerican.com/usnews/politics/8421-obamas-spending-lie-on-the-debt-deal

 

 

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