New York Times White House correspondent Jackie Calmes off lead in
Wednesday's edition on Obama's struggle with the federal deficit, "Test for Obama As Deficit Stays Over $1 Trillion." Credit Calmes for the premise and the Times for the prominent placement, but as usual, Calmes waved the blame away from Obama and again clung to the dubious idea that ObamaCare would actually reduce the deficit.
"Four years ago, Barack Obama campaigned for president on a promise to cut annual federal budget deficits in half by the end of his term. Then came financial calamity, $1.4 trillion in stimulus measures and a maddeningly slow economic recovery," she wrote:
Read more: http://newsbusters.org/blogs/tim-graham/2012/09/29/nyts-jackie-calmes-defends-obama-again-claims-obamacare-will-cut-deficit#ixzz27tTwJXPG
"Four years ago, Barack Obama campaigned for president on a promise to cut annual federal budget deficits in half by the end of his term. Then came financial calamity, $1.4 trillion in stimulus measures and a maddeningly slow economic recovery," she wrote:
Now, despite small annual improvements, the deficit for the fiscal year
that ends on Sunday will surpass $1 trillion for the fourth straight
time. Against that headline-grabbing figure, Mr. Obama’s explanation --
that the deficit he inherited is actually on a path to be cut in half
just a year later than he promised, measured as a percentage of the
economy’s total output -- risks sounding professorial at best.
The fiscal imbalance on Mr. Obama’s watch, however much a result of economic and demographic factors beyond his control as well as his own policy choices, has increased the nation’s accumulated debt by about 40 percent and has saddled him with one of his biggest vulnerabilities. Facing off against Mitt Romney, Mr. Obama is on the defensive over deficits and debt nearly as much as he is over unemployment.
The fiscal imbalance on Mr. Obama’s watch, however much a result of economic and demographic factors beyond his control as well as his own policy choices, has increased the nation’s accumulated debt by about 40 percent and has saddled him with one of his biggest vulnerabilities. Facing off against Mitt Romney, Mr. Obama is on the defensive over deficits and debt nearly as much as he is over unemployment.
Read more: http://newsbusters.org/blogs/tim-graham/2012/09/29/nyts-jackie-calmes-defends-obama-again-claims-obamacare-will-cut-deficit#ixzz27tTwJXPG
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