posted on Oct, 5 2012 @ 04:54 PM
reply to post by Indigo5
I hope you're finding peace in your life, but that can be hard to do during an election year.
You got me interested in this fact checking business, so I looked at Number 1 on xuenchen's list, the $4 trillion dollar deficit reduction Obama is
planning to do.
I went to the The Washington Post
a liberal paper, true, but not quite raving mad dog, yet. Their fact checker is a guy named Glenn Kessler.
He took a look at the $4 trillion claim as he was analyzing Clinton's speech at the DNC. Here's what Kessler had to say:
The repeated claim that Obama’s budget reduces the deficit by $4 trillion is simply not accurate.
By the administration’s math, you have nearly $3.8 trillion in spending cuts, compared to $1.5 trillion in tax increases (letting the Bush tax cuts
expire for high-income Americans). Presto, $1 of tax increases for every $2.50 of spending cuts.
But virtually no serious budget analyst agreed with this accounting. The $4 trillion figure, for instance, includes counting some $1 trillion in cuts
reached a year ago in budget negotiations with Congress. So no matter who is the president, the savings are already in the bank.
Moreover, the administration is also counting $848 billion in phantom savings from winding down the wars in Iraq and Afghanistan, even though the
administration had long made clear those wars would end.
In other words, by projecting war spending far in the future, the administration is able to claim credit for saving money it never intended to spend.
(Imagine taking credit for saving money on buying a new car every year, even though you intended to keep your car for 10 years.)
Rather than good arithmetic, independent budget analysts called the maneuver “a major budget gimmick.”
The administration also counts $800 billion in savings in debt payments (from lower deficits) as a “spending cut,” which is a dubious claim. We
didn’t realize that debt payments were now considered a government program.
There are a number of other games being played, so fake money is being used to pay for real spending projects. In effect, most of Obama’s claimed
deficit reduction comes from his proposed tax increases.
I suppose I could get cynical and say the candidates are pitching their words to the voters who haven't thought about politics for more than five
minutes at a time, so both think they can get away with a lot. I don't think any candidate will emerge spotless form the misleadling mud pile.