The One opens his mouth and whatever falls out is just pure sophistry.

“Livin in a world of make-believe”, Obama is simply incapable of plain speaking. But since a significant portion of the electorate are incapable of separating fact from fiction it doesn’t really matter; the One has spoken.
Of course his solution to the cash flow problem is to increase taxes. But he’s betting that most people won’t stop to think that through… and they won’t.