Obama’s Biggest Lies: Fiscal Policy, Energy & ObamaCare

 

Failed Fiscal Promises

Under the Bush administration, the federal debt increased by 50%, over 8 years.  In just 3 years, under the current administration, the federal debt has increased by 77%.  Monthly, the Bush administration added to the federal debt to the tune of $30 billion per month while the Obama administration is responsible for contributing $190 billion per month.

The president promised to be more accountable and efficient with government spending.  He has obviously missed the boat on efficiency.  On accountability?  Solyndra,  Yucca Mountain,   Fast & Furious, etc.

And, of course there was the “shovel-ready” jobs project–but a year after the president entertained that fantasy, the New York Times quotes the president as conceding that, “there’s no such thing as shovel-ready projects.”

We know that Obama, apparently, doesn’t believe the rich pay their fair share of taxes. But, according to the following chart he is in error, once again.

Who Pays Income Taxes and How Much?

Tax Year 2009 

Percentiles Ranked by AGI

AGI Threshold on Percentiles

Percentage of Federal Personal Income Tax Paid

Top 1%

$343,927

36.73

Top 5%

$154,643

58.66

Top 10%

$112,124

70.47

Top 25%

$66,193

87.30

Top 50%

$32,396

97.75

Bottom 50%

<$32,396

2.25

Note: AGI is Adjusted Gross Income
Source: Internal Revenue Service

Energy

It’s a well-known fact that the president avowed that energy prices would “skyrocket”, if he were elected—a vision of hope which has yet to come to fruition.  According to FrontPageMagazine:

“Thus, the president makes the assertion that oil production is higher than it has been in the last eight years. The statement is technically true, but leaves out the damning details that could be summed up by the reality oil production is up in spite of the president’s efforts, not because of them. First, the president is taking credit for drilling permits issued by previous administrations. Furthermore, as this government resource chart reveals, the number of oil and gas leases issued on Bureau of Land Management (BLM) land declined dramatically from 2,416 in 2008 to 1,308 in 2010. The acreage available for those leases has also declined, from 2.6 million acres to 1.3 million acres, over the same period. In 2011, oil and gas production on federal land declined by another 11 and 6 percent, respectively, as well. The non-partisan Congressional Research Service (CRS) report released last Wednesday reveals that 96 percent of the increase in oil production occurred on land not owned or controlled by the federal government.”

The situation is similar in regard to offshore drilling:

“Again, the president is taking credit for an increase his administration had nothing to do with, and cooking up more lies in the process. Thus, Interior Secretary Ken Salazar’s recent claim regarding an increase in oil production from 450 million barrels in to more than 589 million barrels in 2010, conveniently omits that those production numbers are the result of leases issued from 1996-2000 under the Deepwater Royalty Relief Act, or that the Obama administration’s moratorium on oil production in the Gulf of Mexico has caused a 300,000 barrel per day decline in production for 2011, and a projected decline of more than 150 million barrels of oil in 2012, according to the U.S. Energy Information Administration (EIA).”

And in regard to the Keystone XL:

Perhaps the president’s biggest energy whopper is his newfound “support” for the Keystone XL pipeline. Last fall, the president once again punted on authorizing its construction, claiming that he was forced by Republicans to make a hasty decision about the project, as part of a compromise regarding the extension of the payroll tax reduction deal. Such “haste” is completely undermined by the reality that the project had already undergone a three-year study, and had been OK’d by EPA. The move was a transparent sop to his radical environmentalist constituency. But the reality of rising gas prices affects a far larger portion of the electorate necessary to his re-election.

ObamaCare

In terms of the health care law, regardless of the outcome of the Supreme Court battle, the fact remains that Obama was dishonest regarding how much ObamaCare would cost.  His purported $900 billion figure, to be spent over the course of 10 years, has been completely diminished by the Congressional Budget Office (CBO) which estimates that ObamaCare will cost $1.76 trillion dollars over the 10 year period.

Again, regarding the health care law, Obama has previously insisted that, “if you’ve got health insurance, you like your doctors, you like your plan, you can keep your doctor, you can keep your plan. Nobody is talking about taking that away from you.”  The CBO, however, has stated that “four times as many people currently insured by their employers will lose that coverage than originally envisioned.”

We were also assured that ObamaCare would not cover abortion, but a couple of weeks ago, I reported that:

A new Health and Human Services rule allows for one dollar abortions via state health care exchanges—which will be funded by taxpayers.  In a move that the Independent Sentinel describes as an “accounting trick”, the Hyde Amendment, which blocks direct taxpayer funding of abortions, will be bypassed.

And, that:

As a result, nothing will stand in the way of government administered health plans covering elective abortions(more)

Additionally, there are those who were ridiculed for suggesting that “death panels” would be a part of the health care law.  There is evidence that these were not merely hysterical rantings, though, as a neurosurgeon, on the Mark Levin show demonstrated.

Veracity simply isn’t President Obama’s strong suit.

-Candice Lanier

 
  • Rick Roughneck

    Amen!!!! when the shoe fits wear it, look harder & find the rest of the lies they have spun for the public!!!!!!

  • http://GetridofthisPresident Jeannette

    I pray that he will not be re-elected.There are so many lies that will come out into the light of public knowledge I hope before it is too late.Look people,this adminstration has demonstrated so many awful things,we must not re-elect this man.More evil is on the horizon….never forget Germany!

    • Bubbles123

      I, too, PRAY that he will not be re-elected and it is NOT because of the color of his skin – it is because his policy seems to be BRING AMERICA TO ITS KNEES by force – economically, morally and socially. Lets get on our knees voluntarily and cry out to the God that made Heaven and Earth to save us from Obama and the Democrats.

  • John Hunter

    A vote for 0 buma was a vote for the destruction of America
    A vote for 0 buma will be a vote for dictatorship and slavery

  • nanette

    Wake up Americans! Many are still be tricked with the rhetoric, so very blind! Obama is not a democrat at all!!! I you really wanted to find out the truth you do not have to dig very far, the man is not about Americans he is totally out for himself and power! He is going to destroy this country…,soon it will be late, wake up and get your head out of the sand…brainwashed lambies!!

  • Eric

    What is ironic is that after all these years and wars that it is a black man that is trying to bring slavery back to America!