Thursday, March 17, 2016

Obama Dangles Money Saving Carrot By Closing Gitmo

When President Obama recently announced his plan to close Gitmo, he said it would save between $65 and $85 million a year.  This from a guy who, when leaving office next year, will have almost doubled our national debt to nearly $20 trillion dollars, and who will leave the next President 1/2 trillion dollars a year in continuing debt.  So much debt, that for the the first time in our history, Moody's had to downgrade our nation's credit worthiness. So, saving a mere $85 million is laughable. 

Saving any money by closing Gitmo is most likely a fallacy.  Obama has a long history of getting things wrong whenever he and money are involved.  Remember how ObamaCare was going to save the average American family $2500 a year for their health insurance?  Still waiting on that one while premiums have nearly doubled that amount. Or, the stimulus plan that was supposed to keep unemployment under 8% and take it down to 5% by early 2013.  Instead, it went to 10% and didn't hit 5% until late last year.  This resulted in more than 1/2 trillion dollars being spent in extended unemployment benefits.  Or, how about all those green energy projects where $2.2 billion was wasted by his Energy Department on failing startup companies.  In fact, one solar project at Ivanpah was so badly designed that it now needs another $540 billion dollars for a bailout after Obama had already given that project a $1.6 billion loan.   These dollars aren't even in the $2.2 billion previously mentioned because that tally was done before the Ivanpah project was finished in 2014.

Yes, Barack Obama is a real money saving machine.  The reality is that saving $85 million is comparable to swatting a gnat on an elephant's behind.


Obama gives Congress plan to close Guantanamo Bay prison:

History of the United States public debt:

Historical Federal Receipt and Outlay [and Deficit] Summary:

Obama Promised Healthcare Premiums Would Fall $2,500:

Unemployment benefits cost: $520 billion:

Obama clean energy loans leave taxpayers in $2.2 billion hole:

A renewable energy company touted publicly by President Barack Obama which lists Google as an investor is requesting a $539 million federal grant to help pay off part of a $1.6 billion federal loan it received to build a solar plant in the Mojave desert:

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