John Stossel on Obama's Budget Baloney

David Lienemann/White House

This week, President Barack Obama proposed a budget "that will create new jobs in manufacturing and energy and innovation and infrastructure," and he suggested that "every dime of it" could be paid for by cutting unnecessary spending. John Stossel is more than a little skeptical about the president's claims.

"Does he think we have no memory, or that we're just ignorant?" asks Stossel. "Are these just poll-tested phrases that work because most voters are too busy to pay attention?" One things for sure: Obama's smug statements about his budget plan are full of deceit.