Obama Blames His Reckless Spending On Congress, Threatens Default

CAROLYN KASTER | AP PHOTO

He’s a master bullsh****r.  I’ll give him that.

From Investors Business Daily:

The president now refuses to take responsibility for $5 trillion in deficits racked up in his first four years. That’s a stretch even for him. How dumb does he think we are?

We have to hand it to Barack Obama: He understands the power of repetition. People will believe all kinds of things if their president says it over and over.

Such is his strategy for the coming fight with Republicans over raising the debt ceiling.

Obama wants the public to believe huge deficits of recent years are all the work of Congress, and that Congress now must take responsibility for the mess it made.

On Saturday, for instance, the White House declared that “there are only two options to deal with the debt limit: Congress can pay its bills or it can fail to act and put the nation into default.”

Obama returned to the theme at his Monday press conference: “Raising the debt ceiling does not authorize more spending, it simply allows the country to pay for spending that Congress has already committed to.”

In other words, I didn’t load $5 trillion in future taxes on our children and grandchildren. Congress did it.

It’s important to note that when Obama says “Congress,” he’s talking about Republicans — specifically the Republicans who have controlled the House of Representatives for the past two years. The GOP has not held the Senate during any part of Obama’s time in office.

And it did not hold the House in Obama’s key first two years, when spending exploded with his blessing. In other words, most of the responsibility in Congress for the Obama deficits sits with members of his own party.

Read more at Investors Business Daily

The Heritage Foundation responds:

[T]he “threat of default,” as Obama called it, is a red herring.

“Suggesting that the United States might default on its debt is factually wrong and shameful behavior on the President’s part,” Heritage’s J.D. Foster, the Norman B. Ture Senior Fellow in the Economics of Fiscal Policy, said yesterday.

The U.S. is not going to default on its interest payments, Foster said, and “this assurancerests not on congressional action to raise the debt ceiling, but on the simple fact that the Treasury has far more than enough funds to pay all interest as it comes due.”

Read more at the Heritage Foundation

Of course, the media is his biggest accomplice in this disinformation campaign:

Joel Pollack at Breitbart pointed out 5 questions that liberal reporters refused to pose to the Liar-in-Chief:

1. Mr. President, in four years, have you ever proposed a budget that reduced government spending and debt?

2. If you are concerned about our debt, why did you sign a fiscal cliff deal that adds $4 trillion to our deficits?

3. Is “Congress” as a whole is the problem, why has the Democratic Senate not passed a budget since 2009?

4. As a member of Congress, serving four years in the Senate, why did you vote for increased spending?

5. If raising the debt ceiling is an imperative for our nation’s economy, why did you vote against raising it?

Read more at Breitbart

Jedediah Bila opines at AMAC:

GOP leadership, this is the part where you hold a press conference setting the record straight on the debt ceiling. Own the arguments by being on offense, not defense. Haven’t you learned that it’s a bad idea to let the President win public opinion on an issue by allowing him to repeat false information over and over unchallenged?

Read more at AMAC

Worse than Obama lying: The media lying for him

Debt Ceiling: Default Not at Issue, Federal Spending Is

3 Myths Obama Uses To Bully On The Debt Ceiling

Dictator-in-Chief Threatens To Abuse Executive Authority To Unilaterally Raise Debt Ceiling

Gingrich: GOP can’t sustain threats on debt ceiling

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