2008 October 30 Thursday
Obama Promising More Than He Can Deliver

In a rare mainstream press article of critical analysis of Barack Obama, Calvin Woodward of AP points out that Obama uses imaginary budget cuts to fund his massive proposed spending programs.

Obama's assertion that "I've offered spending cuts above and beyond" the expense of his promises is accepted only by his partisans. His vow to save money by "eliminating programs that don't work" masks his failure throughout the campaign to specify what those programs are beyond the withdrawal of troops from Iraq.

Aside from the military almost all government programs are loved by the Democratic Party. Though perhaps they'll cut back on prison spending.

Obama lies about cost cutting.

THE SPIN: "I've offered spending cuts above and beyond their cost." THE FACTS: Independent analysts say both Obama and Republican John McCain would deepen the deficit. The nonpartisan Committee for a Responsible Federal Budget estimates Obama's policy proposals would add a net $428 billion to the deficit over four years and that analysis accepts the savings he claims from spending cuts. The nonpartisan Tax Policy Center, whose other findings have been quoted approvingly by the Obama campaign, says: "Both John McCain and Barack Obama have proposed tax plans that would substantially increase the national debt over the next 10 years." The analysis goes on to say: "Neither candidate's plan would significantly increase economic growth unless offset by spending cuts or tax increases that the campaigns have not specified."

The extremely bad news: Existing entitlements programs will already hugely increase government spending in the next ten 10 years as the Baby Boomers stop paying much taxes and start using Medicare and Social Security. The fiscal outlook is even worse due to a dumber younger generation and the coming of Peak Oil.

Woodward comments that we could be facing a $1 trillion deficit next year. He'll try to increase spending even further in the face of that deficit. We live in Warren Buffett's Squanderville. We need to move to Thriftville.

Share |      By Randall Parker at 2008 October 30 04:15 AM  Politics Lies


Comments
black sea said at October 30, 2008 5:42 AM:

I'd say we're living in Dreamland, and we're on our way to Hooverville.

HellKaiserRyo said at October 30, 2008 7:36 AM:

At one time I hoped McCain would win because I expected that Obama would harm liberalism because he could not deliver his promises.

Do not call Obama a liar either unless you apply the same label to McCain.

Sgt. Joe Friday said at October 30, 2008 9:55 AM:

HKR - Both of these guys are liars, but maybe that's as much our fault as theirs. We don't want to hear unpleasant truths about the economy or human nature or much of anything else from our politicians. Both of these guys are megalomaniacs too, but with the possible exception of Fred Thompson, I think just about everyone running from either party this time fit that description.

Bob Badour said at October 30, 2008 2:32 PM:

HKR,

Don't you know how to tell when a politician is lying yet? Their lips move.

James Bowery said at October 30, 2008 7:03 PM:

It really irks me when people talk about "thrift" as though putting money in the hands of bankers is some sort of panacea.

It isn't "thrift" we need so much as intelligent investment supported by a market demand for meeting people's needs.peoples needs.

Neither McCain nor Obama support this kind of political economy.

JSBolton said at October 31, 2008 8:58 AM:

This may be a 'distraction' from the promises, yet it is still true that applicants for the highest security clearance must receive no presumption of innocence. It they have associations and affinities as questionable as Ayers and Dohrn, that should cause the electorate to refuse the clearance. it is the command-in-chief of the armed forces, not the position of therapist in chief, or redistributor at large, which is being applied-for.

Ned said at October 31, 2008 9:19 AM:

Here's a list of the promises Obama made just yesterday in a speech in Orlando:

"give a tax break to 95 percent of Americans who work every day and get taxes taken out of their paycheck every week";
"eliminate income taxes on Social Security for seniors making under $50,000";
"give homeowners and working parents additional tax breaks";
not increase taxes on anyone if they "make under $250,000; you will not see your taxes increase by a single dime - not your income taxes, not your payroll tax, not your capital gains tax";
"end those breaks to companies that ship jobs overseas";
"give tax breaks to companies that invest right here in the United States";
"eliminate capital gains taxes for small businesses and start-up companies that are the engine of job creation in this country";
"create two million new jobs by rebuilding our crumbling roads, and bridges, and schools -- by laying broadband lines to reach every corner of the country";
"invest $15 billion a year in renewable sources of energy to create five million new energy jobs over the next decade";
"reopen old factories, old plants, to build solar panels, and wind turbines";
build "a new electricity grid";
"build the fuel efficient cars of tomorrow";
"eliminate the oil we import from the Middle East in 10 years";
"lower premiums" for those who already have health insurance;
"if you don't have health insurance, you'll be able to get the same kind of health insurance that members of Congress give themselves";
"end discrimination by insurance companies to the sick and those who need care the most";
"invest in early childhood education";
"recruit an army of new teachers";
"pay our teachers higher salaries, give them more support. But ... also demand higher standards and more accountability";
"make a deal with every young person who's here and every young person in America: If you are willing to commit yourself to national service, whether it's serving in our military or in the Peace Corps, working in a veterans home or a homeless shelter, then we will guarantee that you can afford to go to college no ifs ands or buts";
"stop spending $10 billion a month in Iraq whole the Iraqis have a huge surplus";
"end this war in Iraq";
"finish the fight and snuff out al Qaeda and bin Laden";
"increase our ground troops and our investments in the finest fighting force in the world";
"invest in 21st century technologies so that our men and women have the best training and equipment when they deploy into combat and the care and benefits they have earned when they come home";
"No more homeless veterans"; and
"no more fighting for disability payments."


Obama says he'll pay for all this by pulling US troops out of Iraq in 12-16 months (but still "snuffing out al Qaeda and Osama bin Laden") and by cutting "wasteful and unnecessary" (but unspecified) government programs. The federal budget deficit under a President Obama will probably exceed $1 trillion dollars. Doesn't anybody want to ask him about this?

Randall Parker said at November 2, 2008 12:16 PM:

HellKaiserRyo,

Unless McCain says something that triggers an interesting thought my attitude about him is that he's not important. He's already lost.

Ned,

The vast bulk of the press are liberals. They aren't going to ask Obama hard questions.

Your list of promises Obama made in a single speech: Breathtaking. Thanks for collecting it. I'm feeling poorer already.


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