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Wednesday, February 16, 2011

White House Defends Obama Budget Statement Declared False By Non-Partisan Fact Checker, GOP | CNSnews.com

White House Defends Obama Budget Statement Declared False By Non-Partisan Fact Checker, GOP | CNSnews.com: "“Because of interest costs – which amount to $884 billion in 2021 alone – the debt is projected to grow during every year of the president’s budget. (It's also a bit of an exaggeration to call 2017 ‘the middle of this decade.’),” Politifact said. “We think the president’s statement is likely to mislead a lot of Americans about what his budget would do. So we rate Obama’s statement False.”"

Of course it's false. No amount of "let me be clear" and "as I've always said" will escape the simple arithmetic: The budget projects expenditures greater than income in every year up to 2021. You can't add up a bunch of negative numbers and expect to get a positive result.

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