CNN’s Rick Sanchez Lies to Cover Obama’s Massive Spending
JAMES SIMPSON: Rick Sanchez made a bald-faced lie on CNN yesterday in defense of President Obama’s budget numbers. He was attempting to methodically debunk Republican claims about Obama budgets, arguing that most of the trillions in spending came on Republicans’ watch and Obama just added a little bit.
He started by claiming that Obama came into office facing a $1.2 trillion budget. Obama makes the same claim. Actually, the deficit for 2008, Bush’s last year in office, was $459 billion. Bush does share responsibility for TARP though, so you could say that Obama was only partially responsible for 2009’s deficit, even though his proposals added $787 billion in new spending through the failed “Stimulus,” which was not supported by Republicans.
I know, I know. It was all Bush’s fault, so Obama can’t be blamed even if he had to shell out $800 billion of our dollars to save his Wall Street and union friends. In fact, Bush and the Republicans do share some of the blame for the financial crisis, but it was a sin of omission, not commission. The truth is that the financial crisis was the direct result of a half-century of Democrat meddling with the housing market. Bush and the Republicans failed in that they did not push hard enough for needed reform.
But however you want to argue it for 2009, Obama owns the 2010 and 2011 budgets all alone. FY 2010 included the largest regular budgetary increase in recent history, a whopping 15 percent higher than Bush’s 2009 proposal. According to Obama’s 2011 budget, deficits for 2010 and 2011 are projected to be $1.6 trillion and $1.3 trillion respectively. And while Obama continues to call for health care reform, no spending for it is included in the 2011 budget.
The 2011 budget does, however, include an assumed $150 billion in deficit reduction from passage of healthcare reform. Who is he kidding? This is the same smoke and mirrors game the Senate played in claiming “savings” from overhauling healthcare. Don’t believe it! The true cost will be in the trillions. Read more…














