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Obama: Republicans Left Me With The Check For A Steak Dinner

At a fundraiser on Tuesday, President Obama said the debt and deficit her inherited is "baked in" structurally. "If they start trying to give you a bunch of facts and figures suggesting that it's true, what they're not telling you is they baked all this stuff into the cake," Obama advised his supporters.

"If they start trying to give you a bunch of facts and figures suggesting that it's true, what they're not telling you is they baked all this stuff into the cake," he said.

"I love listening to these guys give us lectures about debt and deficits. I inherited a trillion-dollar deficit. We had a surplus, they turned it into a deficit, built it into a structural deficit that lasts for decades, and -- isn't that something?" President Obama said at a fundraiser today.

"This notion that somehow we caused the deficits is just wrong. It's just not true. Anybody who looks at the math will tell you it's not true. If they start trying to give you a bunch of facts and figures suggesting that it's true, what they're not telling you is they baked all this stuff into the cake with those tax cuts and a prescription drug plan that they didn't pay for and the wars," he said.

"So all of this stuff is baked in, with all the interest payments for it, it's like somebody goes to the restaurant, orders a big steak dinner, martini, all that stuff and then just as you're sitting down, they leave and accuse you of running up the tab. That's what they do," he said.

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