..........More on the Obama binge spending myth...
The source of our current deficit boil down to three factors - the Bush recession, the Bush tax cuts, and the wars in Iraq and Afghanistan.
Obama's spending - the bailouts and the stimulus are essentially OVER. They simply do not play any significant role in the deficit moving forward.
The Causes of the National Deficit
The reality- and truth-based left has always known this.
But the right has been lying so consistently and so pervasively that low-information voters continue to believe that Obama is responsible for our deficits.
Republican 2012: When the truth hurts...lie
Budget Office: Obama's Stimulus Failed on Jobs
Wednesday, 23 Nov 2011 12:34 PM
By Paul Scicchitano
In a blow to the Obama administration, the Congressional Budget Office (CBO) has concluded that the president’s economic stimulus plan created fewer jobs than expected and “crowds out” private investment.
A new report the CBO released on Tuesday finds that the American Recovery and Reinvestment Act may have boosted the economy in the short run by sustaining some 700,000 jobs at its peak in 2010 but “will reduce output slightly in the long run — by between 0 and 0.2 percent after 2016.”
The report estimates that the total number of jobs the plan produced was far fewer than the 3.5 million the Obama administration predicted during the peak of spending.
The CBO estimates that the stimulus is responsible for sustaining between 600,000 to 1.8 million jobs during this quarter, which lowered the nation’s unemployment rate by as much as 1 percent.
In July, the conservative Weekly Standard estimated that Obama’s stimulus package had cost taxpayers $278,000 for every job it created.
Read more on Newsmax.com : Budget Office: Obama's Stimulus Failed on Jobs
Important: Do You Support Pres. Obama's Re-Election? Vote Here Now!
Keep RUNNING from the FACTS, loser!!!!!
They keep KICKING your ASS and you keep RUNNING!!!
It's HILARIOUS to watch!!!!