Wednesday, April 29, 2009

Obama's stuck to tarbaby deficit

Via Instapundit, a link to AP "factcheck" on Obama's statements. Instapundit highlights Obama disowning deficits he helped create. I am shocked to see this accurate assignment of responsibility:

OBAMA: "Number one, we inherited a $1.3 trillion deficit. ... That wasn't me.

THE FACTS: Congress, under Democratic control in 2007 and 2008, controlled the purse strings that led to the deficit Obama inherited. A Republican president, George W. Bush, had a role, too: He signed the legislation. Obama supported the emergency bailout package in Bush's final months - a package Democratic leaders wanted to make bigger.

Obama voted for every bailout. He signed off on them. The TARP bills were written by Democrats, and passed by the Pelosi/Reid Democrat majority Congress. He cannot blame the past for the $10 trillion in deficits he put in his own budget proposal. He cannot say he inherited something to deflect criticism of it, when his own stimuls bill ADDED $800 billion to the deficit. Obama's stuck to the tarbaby deficit and his excuses are already wearing thin.

Then there is Obama's call for higher payroll taxes:

OBAMA: "You could cut (Social Security) benefits. You could raise the tax on everybody so everybody's payroll tax goes up a little bit. Or you can do what I think is probably the best solution, which is you can raise the cap on the payroll tax." - in Missouri.

When Obama promised no higher taxes for people making under $250,000 - HE LIED. It's interesting to see AP actually challenge Obama on this and not wear the pom-poms for him.

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