Fact Checking False Claim Obama Budget Plan ‘Reduces Deficit by
$5.3 Trillion in a Decade’  New York Times reporter Jackie
Calmes recently made the outlandish claim that the President’s
budget will reduce the deficit by $5.3 trillion over a ten-year
period. But a closer look at this claim proves that it just
isn’t true.  Firstly, Obama and his surrogates don’t even claim
a savings of $5.3 trillion, so it is a mystery where Calmes got
this number. At the late Democrat convention, for instance, Bill
Clinton claimed that Obama’s plan would save $4 trillion, not
$5.3. But even Clinton’s mythical savings was deemed untrue by
the Washington Post’s fact checker.  Worse, all those supposed
savings in the Obama proposal is from tax hikes, not any actual
cuts in spending. On top of that, most of the supposed savings
are mere accounting gimmicks, not true savings.  The other false
characterization of Obama’s spending proposal is that he means
to “pay down out debt.” To pay down something, of course, that
means to pay of