Crush Liberalism

Liberalism: Why think when you can “feel”?

Obama’s new spokestool: Borrowing to pay interest on debt doesn’t create additional debt

It makes sense, if you don’t think about it too hard.  Here’s Gibbsy’s replacement, Jay Carney, trying real hard to do what we Tennesseans like to call “polishing a turd”:

TAPPER: If I borrow money from you — to pay — to pay off the interest for –

CARNEY:  You may owe me.

TAPPER: Ten-year rule. If I borrow money from you to pay off the interest for the debt I owe to Geoff, am I not adding to my debt?

CARNEY:  Well, without dealing with hypotheticals, why don’t you — why don’t you —

TAPPER:  The president seems to think that that borrowing money to pay the interest on the debt is not adding to the debt.  I don’t understand that math.

Webster just called to say that he hasn’t been this busy in his grave since Bill Clinton asked about the meaning of “is”.

After Tapper nails him, Carney goes off on a tangent about inheriting an economic crisis, Bush’s fault, how Obama’s budget really eliminates deficits, etc.  Wait, what was that last one again?

TAPPER:  I assume when the president calls for an adult conversation, he means that conversation should be forthright and politicians shouldn’t be hiding behind cute language such as “We will not be adding more to the national debt,” even if hundreds of billions of dollars are being added to the national debt in interest — paid on debt that President Obama helped, himself, create.

TAPPER:  Just to button this, you think that, “We will not be adding more to the national debt,” is a statement that stands to scrutiny?

CARNEY:  Absolutely, absolutely.  And Jake, we have explained precisely what that means in terms of new spending; you know, getting our spending and income — I mean, our income and spending into balance — that is an important step towards dealing with our deficit and our debt.

OK, exactly WHEN do we get “our income and spending into balance” in Obama’s budget?  According to Politifact, using Obama’s own budget…

Year   Deficit
2010: $1.293 trillion
2011: $1.645 trillion
2012: $1.101 trillion
2013: $768 billion
2014: $645 billion
2015: $607 billion
2016: $649 billion
2017: $627 billion
2018: $619 billion
2019: $681 billion
2020: $735 billion
2021: $774 billion

Huh.  We don’t.

Either the fool seems to think that having a $600+ billion deficit is practically the same as having a $0 deficit, or he’s a shameless and treasonous liar.  So which one is it, liberals?

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February 17, 2011 - Posted by | big government, economic ignorance, Obama, shameful

3 Comments »

  1. I think a shameless and treasonous fool.

    Comment by Greg | February 17, 2011

  2. Bush made him do it!

    Comment by tnjack | February 18, 2011

  3. Unashamed liar of the highest degree…have I lied in my life? Yep; the difference? I am ashamed of my lies because lying is ungodly…the left joyfully spew outlandish lies and they never even flinch.
    Proverbs 26:28 ”
    A lying tongue hates those who are crushed by it,
    And a flattering mouth works ruin. “

    Comment by Kevin | February 19, 2011


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