He insists he didn't overpromise, never mind his promises to find "good jobs for the jobless," to lower the oceans and keep unemployment at less than 8 percent. He takes credit for bending our health care cost curve down when it is now indisputable already -- even before the bulk of it has been implemented -- that Obamacare is greatly increasing health care costs.
He said he has offered a "very specific" and "very detailed" deficit reduction plan when everyone paying attention knows he offered generalities, with no real, concrete proposals for actually reducing spending, especially entitlement spending.
He said we could balance the budget by increasing taxes on the wealthy alone. Actually, his statement was more ludicrous than that. He said: "We ended up asking the wealthiest Americans to do a little bit more in terms of taxes. Going back to rates that would still be lower than they were under Ronald Reagan, our deficit problems would be solved." What? How is it possible we ended up with a chief executive who can make such preposterous assertions? Apart from the Reagan comparison, letting the Bush cuts for the highest income bracket expire would generate only about $70 billion a year (assuming a static economy), which is less than 5 percent of the deficit.
Amazingly, Obama admitted that his party and his base opposed entitlement reforms but that in his magnanimity, he agreed to work on them anyway. Well, that's big of him, but the truth is that he has steadfastly obstructed such reforms, which means he has steadfastly obstructed any possibility of balancing the budget and getting the national debt under control.
But there's an explanation for that, which is even more alarming. He doesn't think the deficit (or debt) is a major problem. He said, "The truth is that compared to other countries around the world, our deficit problems are completely manageable." That's why he wants another half-trillion-dollar stimulus.
Lest we think these anomalies are solely because of Obama's being a true believer rather than a hyper-partisan purveyor of falsehoods, note that he also told Kroft that Republicans are for "rolling back clean air and clean water laws," want to kill entitlements for seniors, and are focused on scoring political points rather than helping him solve problems; that only a handful of people are succeeding in this "you're-on-your-own economy"; that he is for broadening the tax base; and that he fully intends to proceed with his agenda through executive and administrative orders in contravention of Congress and the Constitution.
You just can't make this stuff up.
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