Obama becoming so good at 'Washington games' that he's invented a new one 

Our editorial yesterday warned about the budgeters' tricky, misleading ways of framing arguments. But we didn't realize that the Obama administration has tried to invent a trick that is completely new in this week's budget debate. They didn't really succeed, but the line was that Obama's budget would not add to the debt after a few years.

Here is how Obama put it:

"What my budget does is to put forward some tough choices, some significant spending cuts, so that by the middle of this decade our annual spending will match our annual revenues. We will not be adding more to the national debt," he said. 

And it's true, as long as you don't count interest payments. And those interest payments, over the course of the ten-year budget window, go from $200 billion this year to $844 billion in 2021.

Not including interest payments -- try explaining that one to your bank. I bet that if you don't include interest payments, the national foreclosure rate would be cut in half this month.

About The Author

David Freddoso

David Freddoso came to the Washington Examiner in June 2009, after serving for nearly two years as a Capitol Hill-based staff reporter for National Review Online. Before writing his New York Times bestselling book, The Case Against Barack Obama, he spent three years assisting Robert Novak, the legendary Washington... more
Pin It

More by David Freddoso

Latest in Nation

Sunday, Mar 18, 2018


Most Popular Stories

© 2018 The San Francisco Examiner

Website powered by Foundation