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June 27, 2011
He Still Owns It
Obama Has Decided To Belatedly Step Into The Debt Talks, But His Past Efforts Have Come Up Woefully Short
Obama Is Finally “Stepping Directly Into Stalled Debt Talks” By Meeting With Sens. Reid And
“Stepping directly into stalled debt talks, President Barack Obama is inviting Senate
Majority Leader Harry Reid and Republican leader Mitch McConnell to separate meetings Monday, shifting
the negotiations to the highest levels.”
(Andrew Taylor, “Obama Invites Top Senators For Debt Talks,”
OBAMA SAID HE WOULD TAKE HIS TALENTS TO THE BUDGET BUT NOW THAT THEGAME IS ON THE LINE HE IS NOWHERE TO BE FOUND
Obama’s Latest “
Is So Vague
Obama Promised To Go Through The Budget “Line By Line
, Eliminating ProgramsThat No Longer Work And Making The Ones We Do Need Work Bette
“But I will also go through the
federal budget, line by line, eliminating programs that no longer work and making the ones we do needwork better and cost less
because we cannot meet twenty-first century challenges with a twentieth
CBO Director Douglas Elmendorf Says Obama’s Latest Budget Is Too Vague To Be Scored.
PAUL RYAN: “The president gave a speech on April 13
, where he outlined a new budget framework that claims $4 trillion in deficit reduction over 12 years, have you estimated the budget impact of thisframework?
ELMENDORF: No, Mr. Chairman. We don’t estimate speeches. We need much more
specificity than was provided in that speech f
or us to do our analysis.”
(Committee On The Budget, U.S. House Of Representatives, Hearing, 6/23/11)
Obama Promised To Get Serious About Reducing The Debt
, He Hasn’t
THEN:In 2009, President Barack Obama Promised To Get Serious About Reducing Debt And Deficits.
“We've got to spend some money now to pull us out of this recession. But as soon as we're out of this
recession, we've got to get serious about starting to live within our means, instead of leaving debt for ourchildren and our grandchildren and our great-
NOW:Since President Obama Took Office, The National Debt Has Increased By $3.7 Trillion
(Department Of The Treasury, "The Debt To The Penny And Who Holds It," TreasuryDirect.gov,Accessed 6/24/11)