“Our deficits — cut by more than half”
While technically true, the national deficit is still at about $600 billion. Its “halving” is down from the 2009 high point of $1.3 trillion that included the (failed) $800 million “stimulus” bill.
As a point of comparison, if one puts $10,000 on his credit card and adds another $5,000Â gambling debt one year, and then the next year adds another $10,000 to his debt the each of the next four years but stops gambling, his comparative deficit has indeed been “cut in half.”
But he’s still $55,000 in debt and he probably shouldn’t have gambled in the first place—at least it purchased him a punchy tagline of “cutting the deficit.”
What makes this even more disingenuous is that Obama is hoping that no one will remember that he fought tooth and nail against cutting his massive government expansion, and it was that fight that led to various fiscal cliffs and crises that America faced.
Perhaps when Obama promised during the 2008 election that he would cut the deficit in half—he meant after it was expanded beyond what anyone could ever imagine. What foresight!
