Say, a guy takes all his friends and business contacts out for drinks, opening bar tabs for his most favored clients. Say that at the same time, he asks liquor stores and drinking establishments to keep those clients supplied with booze at various times over the next few years.
Now imagine that a week later, he holds a meeting and vows to promote sobriety. But, he keeps the tabs open at the liquor stores and bars.
Are you going to believe his new-found commitment to sobriety?
Of course not.
So now you see why I didnt believe the president at his “Fiscal Responsibility Summit” yesterday he pledged “to cut the nation’s $1.3 trillion deficit in half by the end of his first term.” Amazing that, after increasing federal spending by record amounts, he could, with a straight face, talk about cutting government waste and ending duplicative programs as he did during the campaign.
A week after signing legislation which, according to one estimate, dded thirty-two new government programs, the president pledged to eliminate “programs that don’t work to make room for ones that do.“Â But, I couldn’t find any evidence that the “stimulus” eliminated thirty-two failing programs?
No sooner does the preisdent sign legislation spending hundreds of millions of dollars the federal government doesn’t have, than he announces his “pay-go approach,” claiming it
. . . is based on a very simple concept: You don’t spend what you don’t have. So if we want to spend, we’ll need to find somewhere else to cut. This is the rule that families across this country follow every single day — and there’s no reason why their government shouldn’t do the same.
Mr. President, will all due respect, in the signature legislation of your first month in office, you didn’t find any spending to cut.
No wonder even the AP finds that your deficit goals count on rosy assumptions.