At this point I'm just going to tackle the most glaring issues with Romney's points because he can't seem to go 5 seconds without spouting a falsehood or a lie.
So let's get to the biggest one in his two minutes. This is part II on YouTube, you can follow it here.
"First of all, I will eliminate all programs if they don't pass it. Is the program so critical it's worth borrowing money from China to pay for, and if not, I'll get rid of it."
That's a horse that should have been dead since the rumor started about Bush borrowing from China to pay for the extra $200 on middle and low income tax returns.
The best way I can explain it in a way that does not need to get into the often times very complicated nuances in the area of global finances is this: we cover deficit spending by selling interest on debt to people willing to buy it. We call these bonds. Essentially, we say, as the world standard currency for practically everything right now that we're going to borrow against our currency and you'll get an interest payment if you buy bonds that let us substantiate the borrowing, on top of getting the original money you spent buying the bond back at the end of the bond's maturation date. That is how we spend in deficit. Currently about 20% of our debt is owed to foreign investors. Most of which is balanced out by mutual agreement to forego collection of in response to THE DEBT THAT THEY OWE US. The rest is owed TO OURSELVES. We did the same thing for WWII. We didn't borrow from China, Britain, France or any of our allies, we borrowed from ourselves in the form of loans taken out on monies currently set aside at home. War Bonds, Treasury Bonds, a whole myriad of bonds is how we paid for WWII. The same thing applies today. By the way, we reached over 2x GDP debt during WWII. We haven't even broken 1.4x yet in this recession. So when Romney says "Borrow from China" what he's really talking about is the Bush policy to make available bonds to cover deficit spending made necessary by his tax cuts and the subsequent "stimulus" he signed afterwards, the purchase of bonds to pay for such were made primarily by the Chinese.
Look here for an idea of who owns what debt in the US Deficit.
Oh wow. "Sorry Jim, I'm going to defund your employer and fire you."
"I like firing people" redux.
Ugh, more lies.
Obama does well enough rebutting Romney's lies.
"Obama should have grabbed Simpson-Bowles."
HE DID!
We had trillion dollar deficits well before he got into office.
That 4 Trillion dollars in cuts counteracts almost 80% of his spending, far better than his predecessor who didn't have a plan to pay for ANY of his near $10 Trillion in deficit spending.
Even in 2010 Obama was for discontinuing the tax cuts for high-income earners.
NFIB! Drink! Wait 700,000 jobs? According to whom? Even the NFIB doesn't say that concretely and I'm looking at their website right now.
And Lehrer just lost control again.
Spain? Hlurgh! Lie. And is Romney on cocaine?
Lehrer, learn to do your job, seriously, at this point I hope Romney defunds and fires you.
Obama retorts and points out some of Romney's weaknesses. He's jumping all over the place though, he has to stay on point, jumping from revenue to education? Keep it on subject. Attack pure revenue sore thumbs, education is not it for your audience. Romney's audience is the John Birch, Turner Diary type that views public education as evil.
And crap you just let Romney take off on his canned point to slam you........
And you deserve that hard right hook......
And Romney just opened himself up to a whole litany of shit for that "I don't know what you're talking about" line.
Republican governors, sure. Keep in mind:
If it ain't a shade of green, that mean's they're moochers who rely on the real job creators to keep them afloat....just chew on that for a minute. How many of those states are hardcore republican? Most of them, to save you the time of looking it up. NM, AZ, UT, ID, OR, WY, MT, ND, SD, IA, WV, VA, KY, NC, MS, AL, SC, LA, OK, pretty much anybody who whines and complains about socialism and yet they are the greatest recipients of....
Yeah, part II of the first presidential debates......
I need a day's rest. 'Cause FUCK if I know what the hell Romney is talking about....
Part 3 tomorrow, I need to get to sleep because I have work in the morning.
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