Was Jeb Hensarling Right, Obama Wrong?
January 31, 2010
Well, well well. The Liberal left is reacting with glee! Obama has “schooled” the GOP. It’s featured on MSNBC!!!!
Let’s start with example #1 shall we? Here is a video titled “Obama Takes Down Rep. Jeb Hensarling At GOP Retreat” from “Talking Point Memo TV” with the description” “More at MSNBC.” Grap some popcorn, here we go!
Alright. Now here is a longer version from MSNBC, posted by firedoglake. The title of it is: “Pres. Obama schools factually-challenged Rep. Jeb Hensarling (R-TX05) on the budget.”
Got your snacks ready? Oh, the liberal left is just eating this up!
Huh, I guess the president really “schooled” him, huh? The problem is… it appears that Obama was wrong. Again. Wrong, wrong, wrong, wrong. He is going to “correct” a republican member of the house budget committee? Please! CNN tries to help out their side a little bit, but it’s difficult to defend.
CNN Fact Check: Is the annual deficit under Obama 12 times the deficit under Republicans?
Fact Check: Is Hensarling correct when he says that Obama’s first budget would have tripled the national debt and that his administration increased the annual deficit by a factor of 12? Is the president correct when he says he inherited a $1.3 trillion deficit? [...]
Bottom line: Hensarling was correct in that the annual budget deficit soared in 2009, though it did not increase by twelve-fold as he asserted in his comments. However, he does come close for some years. The 2009 deficit was about nine times the size of the 2002 and 2007 deficits, when Republicans controlled the White House and at least one chamber of Congress.
Obama was essentially [essentially?] correct when he said he inherited a budget deficit of $1.3 trillion. Though the budget deficit for 2008 was a then-record $458.6 billion, the CBO issued a projection in January 2009, just days before Obama took office that the budget deficit would reach $1.2 trillion that year, before the cost of any new stimulus plan or other legislation was taken into account.
As for the impact that Obama’s first budget would have on the national debt, the CBO estimated the national debt would indeed triple by the year 2019 under the president’s budget, from $5.8 trillion to $17.1 trillion.
It doesn’t seem to matter what the facts are, the left apparently loves it because Obama spoke with conviction. It looks like this:
Bush Deficit vs. Obama Deficit in Pictures
No wonder the president got defensive… look at the graph. Sure looks like 12 times is reasonable.
Social Security, Medicare, Medicaid, Amtrack, and the post office are BROKE… and they ask us to let them run HEALTHCARE???? YIKES!
Here’s an update!
Rep. Jeb Hensarling Corrects Obama’s Inaccurate and Dishonest Statements on the US Deficit
Jeb Hensarling SCHOOLS Obama.
President Obama tripled the US deficit his first year in office.
Rep. Jeb Hensarling (R-TX) corrected President Obama today after his inaccurate and dishonest statements to GOP House members yesterday in Baltimore. Obama even attacked Rep. Hensarling when he pointed out the facts during their session yesterday.
Rep. Hensarling fires back at Obama in the rumble over deficits
Rep. Jeb Hensarling (R-Texas), who got President Barack Obama a bit miffed during the question-and-answer session after his address to the House GOP retreat Friday, fired back Saturday evening after the conclusion of the Baltimore conference.
Hensarling, in criticizing government spending, told Obama that the yearly deficits Democrats complained about under George W. Bush had now become “monthly” deficits in lengthy remarks that clearly frustrated the president.
Rep. Jeb Hensarling Stands His Ground- Thwacks Obama Again on Inaccurate Deficit Claims (Video)
“Well, either the President misunderstood the point or he just hasn’t been well informed. If you look at the 12 years when Republicans controlled the Congress, the average annual deficit was about $104 billion. I’m not proud of that number. That’s too high. But in the three years that Democrats have controlled Congress, the average annual deficit is now $1.1 Trillion. Do the math… But when it comes to spending we’re rank amateurs compared to these guys.”
Seems Jeb’s assertions are based on… factual facts.
UPDATED: Hensarling Statement On The President’s Appearance At GOP Retreat
I’ll bet Obama doesn’t like being called ‘bulls**t’ in a kerfuffle, especially after saying “I am happy to have any independent factchecker out there take a look at your presentation versus mine in terms of the accuracy of what I just said.”
Hensarling destroys Obama in deficit kerfuffle
.
Did the president think he was going to get away with a provably false claim that his astonishing, historic budget deficits were somehow less than those of his predecessors? The man has an inexplicable supply of self-confidence.
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