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About That $4 Trillion Dollar Lie

Updated on October 5, 2012

What He Didn't Say...

Myths Are Found In Fairy Tales

The outright fabrications, people get upset at me when I call them lies, were spilling from the Obama's lips and one hardly knows where to start at dissecting for the truth. It seems that the far left in this nation lives in an alternate universe where as long as it comes from The One's lips then it has to be gospel. But I can assure you that Obama did not descend from the heights of Mount Olympus. Because if he had then the mile high atmosphere of Denver would have not had any effect on Obama's poor debate performance as Al Gore contended. Altitude? Really?

Since the budget deficit should concern all American taxpayers I choose that as my departure point. Here's what Obama said which an intelligent person has to know is mostly fiction:

President Obama: I put forward a specific $4 trillion deficit reduction plan. It’s on a website. You can look at all the numbers. What cuts we make and what revenue we raise.

The believability index on this just doesn't add up. First of all this comes from the same guy who promised us that he was going to cut the deficit in half by the end of his first term. Then he told us at the beginning that if he didn't fix the economy by the end of his first term then it was a one term proposition. Have you noticed that the shape of the economy and the fact that he is still asking for another four? So you just take him at his word, do you? Listen, I have this bridge over in Arizona...

His Exact Words From His Mouth

Back to this $4 trillion smoke and mirrors routine. It is widely known by those who have bothered to take a look that this "reduction" is more of a smoke and mirrors routine and your typical government accounting gimmick savings gig than an actual reduction. You know a real reduction in spending because that is what he is contending. Lets break it down so even a liberal can understand it.

Is it real savings? The answer is no. The $4 trillion includes the $1 trillion that Congress approved previously known as sequestration. That happened in 2011 and is outside the ten year window and somehow Obama is trying to slide them back into the equation. Now understand, if you will, just how some of this gimmickry is sold to an inattentive audience. Another one trillion in savings his "study" is attributing to the end of the wars in Iraq and Afghanistan.

It turns out that the Congressional Budget Office previously worked the one trillion in war expenses into the long term projections. Note the smoke and mirrors in this routine. Along comes Obama and subtracts the yet unspent money from future debt. Read the first sentence of this paragraph again. How do you count money as being saved if it hasn't yet been spent? That's what Romney talked about when he mentioned the six studies that have been done to refute Obama's one biased study.

I was just informed the other day by one liberal reader here that there is a bill in Congress right now to kill sequestration. If that is done then the first trillion mentioned will go up in smoke one way or the other, inside or outside the ten year window. Here's the link for that for future reading. Seems the liberals want to have it both ways.

Another big "WHOOPS" in Obama's plan he failed to mention, obviously because of the political consequences of doing so. It seems that another "savings" is to let the Bush tax cuts expire. At the same time some of the arcane tax loopholes would vanish. The effect here would be to lessen the resulting interest payments on the already ballooning national debt that is projected by economists to continue to rack up a trillion dollars plus if Obama happens to be reelected. Are there really enough stupid people in this nation to make that happen a second time?

If there is any savings at all everything has to fall into step with a "plan" and at best it is estimated that it might amount to $2.8 trillion over that ten year period in question. Maybe a good first step is that the US Senate agree to start passing an annual budget as required by federal law. But when you're continuing to spend more than you are taking end where does that really end up? You still go further into the hole. Here's the National Debt Clock projection for 2016 if current policies under Obama are allowed to continue. This debt clock is projected "at current rates."

Obama likes to cite the Simpson-Bowles Commission on Fiscal Responsibility and Reform as being the model for his 4 trillion dollar "savings." Both Simpson and Bowles disavow that because after Obama commissioned this study he summarily rejected its findings. You see the findings and recommendations of that commission. Now that implementation of that plan would have actually resulted in an actual $4 trillion dollars in savings. Truth be known that is where Obama has conjured up that $4 trillion figure. Actual spending cuts involve political pain because the citizens of this nation will feel the pinch of the recklessness of the people we continually send to Washington DC to do our will. The federal government wants to try to be everything to everybody and that just isn't possible, nor is that its role as defined in the US Constitution. It specifically says "limited" there.

After watching the first debate the contrast between the two candidates for our future is stark indeed. We have a free market, capitalist on the one side who understands that more jobs, better pay and a stable economy equate to more tax revenues coming in. Then we have the "trickle down government" candidate who sees the role of the federal government as being your Nanny and the decider of our fate. I'm sure I don't need to point out which is which to most people.

And one other thing Obama. The President does owe the people the truth so from this point forward, since you just said that, I expect to hold you to that statement. More empty rhetoric I am sure. There is an empty chair sitting in the Oval Office needing a leader. I don't expect to see you sitting there next year.

QUOTE OF THE DAY: "I'm not sure who was the biggest whiner. Was it The Obama we saw on the stage in Denver? Or was it the Obama we saw whining to his drollers the day after the debates. Liar? That's like the pot calling the kettle black."

"Like" It, "Tweet" It, "Pin " It, "Share It" With Your Followers. Time to let em read it.

As Always,

The Frog Prince

Remember In November


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    • JON EWALL profile image

      JON EWALL 5 years ago from usa


      Obama has friends worldwide?

      the President supports.’’ the truth ‘’ Friend or Foe?

      Barak Obama A Muslim


    • Pollyannalana profile image

      Pollyannalana 5 years ago from US

      OK maybe it is not news to anyone else but I just found out at Obama's campaign web site it is not required for you to use the three numbers on your credit card to ID you. If you are purchasing yes but contributions, no. (You must be citizen to contribute) He was jumped over this four years ago. Over 60% of visitors at his site are foreigners.

      Romney does it using the 3 numbers and keeps track of it as he should. If this does not say something about Obama then it is only because someone does not want to see it. Now of course anyone can give $200 or under without saying who but still has to be citizen ( so lets say someone wanted to give Obama a vast amount) it could be in numerous $200 contributions. Well I guess cheaters will do it any way they can. No wonder he is raising vast amounts huh and I am certain terrorists want him, just a shame Americans do too.

    • JON EWALL profile image

      JON EWALL 5 years ago from usa

      The Frog

      The budget, a joke.


      President Obama’s 2013 federal budget

      Summary of President’s budget 2013

      The 2012 deficit is now projected to be $1,211 billion, reduction results primarily from lower projected spending for Medicare, Medicaid, Social Security, and net interest, partially offset by lower projected receipts

    • profile image

      Don DeLathouwer 5 years ago

      It wasn't the altitude that caused the problem, it was the "Choom Gang"

      reunion that caused the high.

    • The Frog Prince profile image

      The Frog Prince 5 years ago from Arlington, TX

      Fred - There is a reason the Dems are known as the Tax & Spend Party. First they want to spend like man demons then tax to try to pay for it. It never works and never will. Obama keeps citing Clinton and Obama ain't no Clinton. Clinton was reined in by a Republican Congress in 94 and in 2010 Obama ignored the message.

      The Frog

    • profile image

      Ghost32 5 years ago

      In addition to the exorbitant spending side of the equation, Obama's revenue predictions never add up, either. And one of obvious reasons why surfaced dramatically during the debate. It seems like he really BELIEVES you can jack up taxes without people tuning in, turning on, and dropping out of the system and thereby shrinking your tax base. The Dems preach straight-line figures...which NEVER pan out (in either direction) when it comes to changes in tax rates.

    • JON EWALL profile image

      JON EWALL 5 years ago from usa

      The Frog Prince

      The money is hidden in Washington to balance the budgets.COBURN REPORT 9million ways to balance the budget CUT WASTE

      Senator questions $18B for job training, as study suggests rampant waste, abuse

      Regulator Rebuffs Obama on Plan to Ease Housing Debt

      debt forgiveness to homeowners, rejecting the entreaties of Congressional Democrats and the Obama administration.

      Medicare is WAISTING more than $8 billion on an experimental program that rewards providers G.A.O. Calls Test Project by Medicare Costly Waste

      Paul Ryan VP nominee previews first presidential debate 10/3/12

      recent poll numbers and talks foreign policy and the economy

    • TheGroundsquirrel profile image

      TheGroundsquirrel 5 years ago

      The clearest way to describe this administration is to point to one of my favorite old tales. The Blind Men and The Elephant, read it, learn it, live it.

    • drbj profile image

      drbj and sherry 5 years ago from south Florida

      7.8% unemployment is a big fat lie. If all the people who are out of work and looking for work were added to all the people who have dropped out and are no longer actively looking were added to those who are way under-employed, the unemployment figure would more accurately be 14%.

      But we can surely expect BO to jump on the 7.8% unemployment figure bandwagon for the next debate.

    • profile image

      Stu 5 years ago

      Obama will never submit a serious budget for consideration by Congress. He did submit a $6 trillion cut a couple years ago, but it was clearly for show purposes (he knew Congress would reject it, and I have my suspicions that he conspired with Congressional leadership to have it killed). The reality is that if Obama wants to cut spending, he must reduce federal operating spending and entitlements. And that's the big problem - such actions would go against the collectivism he holds so dear.

    • TexasLadyJuanita profile image

      Juanita Holloway-Walters 5 years ago from Kemah, TX

      There are so many lies for the American public to weed through these days, I will be amazed if half of America does the math. It is said that television commercials, and many shows are written for the intellectual level of a sixth grader. I remember my 6th graders from many years ago. My children bought into every advertising lie on the television. We can pass on these hubs and pray that many voters will read them.

      The employment numbers are a good example. If you have 50 people on unemployment, and 30 of them drop off because they have hit their limit, AND you only created 10 new jobs this week, THEN 20 are still jobless and no longer receiving unemployment benefits. Those 20 are no longer counted in the unemployment rate. To sell 7.8% unemployment this week is a big fat LIE. The figures are there for anyone to do the math, but how many of us are out here doing the math?

      According to the Washington Post: "If those who have given up and have stopped looking for work were included, the unemployment rate would exceed 11 percent."

      Read more:

    • 34th Bomb Group profile image

      34th Bomb Group 5 years ago from Western New York State

      As always, a very informative and interesting Hub. The man is a joke - which was plainly evident Wednesday night.

      I will admit to falling asleep in the middle of it - that's how bad it was.

      Romney was great!

      I woke up in time to realize that the Big O was gonna get a lickin' from his wife. MAN - was she PISSED or what?? She doesn't want to lose the house, the cars, the helicopter, the plane, the fancy vacations, the servants (probably all white-no offense to anyone but her) and all the other folderal. (sp?)

      O looked defeated, old, grey and wrinkly.

      Romney looked like a President.

    • Wayne Brown profile image

      Wayne Brown 5 years ago from Texas

      Obama saving $4 trillion dollars was almost as big a lie as he and his PACS have tried to perpretrate about Romney seeking a $5 trillion dollar tax cut. The lie about it in the first place and then show you documents which says it is impossible to do. Maybe Romney knew that already. Obama rode that horse right into the ground. He stands there and claims a $4 trillion amount of cuts only to have Romney counter with the obvious...."and look where we are four years later!" Obama then leaves the debate and goes right back to the $5 trillion dollar lie that he could not defend in the debate....and voters nod yes????? Are we living in the land of the blind and the deaf? ~WB

    • profile image

      partisan patriot 5 years ago

      The Knickerbockers said it best way back in the 60's:

      Lies, lies

      I can't believe a word you say

      Lies, lies

      You gonna make us sad someday

      Some day we're gonna wake up now

      And you won't find us around

      Lies, lies you make us all loook like clowns

    • The Frog Prince profile image

      The Frog Prince 5 years ago from Arlington, TX

      tsadjatko - Rumor has it that Obama struck a deal with China about the dolls and our debt.


    • profile image

      Tsad 5 years ago

      How much is "Trickle me Obamo" ? (If he is he made in China I don'twant him :-)

    • The Frog Prince profile image

      The Frog Prince 5 years ago from Arlington, TX

      BPOP - Gorilla's don't usually abandon their young. Trickle Me Obama's are the latest rage with progressives.

      The Frog

    • breakfastpop profile image

      breakfastpop 5 years ago

      Great hub! The lies will just keep on coming. I couldn't believe it when I watched Obama tell a group of bobbing head fools that Romney doesn't tell the truth but he does. I think he should skip the election and just go home. If he loses, I suspect that his wife will leave him. Up, interesting, very useful and awesome.