Obama claims he’s cut the deficit

There are three kinds of lies: lies, damn lies, and statistics.

As if the rest of this morning's lies and fear-mongering weren't enough...

CNSNews: President Barack Obama claimed today that since he has been president both parties have worked together to cut the federal deficit by $2.5 trillion—despite the fact that the national debt has increased $5.19 trillion during Obama’s presidency, which is more than it increased under all presidents from George Washington through Bill Clinton combined.

“Over the last few years both parties have worked together to reduce our deficits by more than $2.5 trillion,” Obama said in a speech at the White House in which he called on Congress to avoid modest automatic cuts in anticipated spending that are set to begin on March 1.

“More than two thirds of that was through some pretty tough spending cuts,” Obama said. “The rest of it was through raising taxes, tax rates, on the wealthiest one percent of Americans. And together, when you take the spending cuts and the increased tax rates on the top one percent, it puts us more than half way to the goal of $4 trillion in deficit reduction that economists say we need to stabilize our finances.”

'Tough spending cuts'? What a freakin' joke. Obama and too many in Washington hope you never catch on to the gerrymandered con of baseline budgeting, a manipulative method that, like all federal schemes, also applies to the sequester. And there's no 'the rest of' as pertains to taxes...that's this joker's singular solution. Anytime his spending addiction is threatened, he rolls out the 'tax the rich' tagline with more damn lies and statistics.

H/t: R.B.