White House officials have unveiled a taxpayers’ “Federal Tax Receipt” website to goose publicity for a week of presidential speeches on the deficit, but the online receipt hides the president’s deficit spending and conceals the growing national debt.
But interest payments actually cost the nation $414 billion in 2010, according to the Treasury Department. That’s roughly $1,380 per person, or $4,140 for a family of three, or 218 times more than the White House website shows.
This week, “the president will be heading across the country talking directly about his vision for how we reduce our deficit, create jobs and grow the economy,” Dan Pfeiffer, the White House’s communications director, said in a Friday press conference to announce the website and speeches
The plan for the week’s campaign includes interviews with regional media, town-hall events in northern Virginia on Tuesday and in Nevada on Thursday, plus a moderated question-and-answer session on Wednesday from Facebook’s California headquarters. The Facebook event is expected to reach many younger voters, whose support for Obama has recently plunged to 29 percent, according to a recent Pew poll. Virginia and Nevada are swing states that are important to the president’s 2012 reelection campaign.
The town-hall events, Pfeiffer said, will be headlined, “Shared Responsibility, Shared Prosperity.”
The webpage, at whitehouse.gov/taxreceipt, allows people to plug in their tax payments to see how their income taxes are spent among up to 34 accounts, such as “health care,” housing assistance” or “atomic energy defense activities.”
The site obscures President Obama’s use of borrowed funds, which amounted to $1,293 billion in 2010. That federal deficit was a third of the $3,552 billion spent by the federal government, and about 50 percent more than was paid in taxes.
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But interest payments actually cost the nation $414 billion in 2010, according to the Treasury Department. That’s roughly $1,380 per person, or $4,140 for a family of three, or 218 times more than the White House website shows.
This week, “the president will be heading across the country talking directly about his vision for how we reduce our deficit, create jobs and grow the economy,” Dan Pfeiffer, the White House’s communications director, said in a Friday press conference to announce the website and speeches
The plan for the week’s campaign includes interviews with regional media, town-hall events in northern Virginia on Tuesday and in Nevada on Thursday, plus a moderated question-and-answer session on Wednesday from Facebook’s California headquarters. The Facebook event is expected to reach many younger voters, whose support for Obama has recently plunged to 29 percent, according to a recent Pew poll. Virginia and Nevada are swing states that are important to the president’s 2012 reelection campaign.
The town-hall events, Pfeiffer said, will be headlined, “Shared Responsibility, Shared Prosperity.”
The webpage, at whitehouse.gov/taxreceipt, allows people to plug in their tax payments to see how their income taxes are spent among up to 34 accounts, such as “health care,” housing assistance” or “atomic energy defense activities.”
The site obscures President Obama’s use of borrowed funds, which amounted to $1,293 billion in 2010. That federal deficit was a third of the $3,552 billion spent by the federal government, and about 50 percent more than was paid in taxes.
Read more
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