What Happened to Obama’s Concern About the Deficit?
Last week, he promised “bring down the deficit“:
Our new approach in Afghanistan is likely to cost us roughly $30 billion for the military this year, and I’ll work closely with Congress to address these costs as we work to bring down our deficit.
Today, he promised to increase it:
President Barack Obama called for a major new burst of federal spending Tuesday, perhaps $150 billion or more, aiming to jolt the wobbly economy into a stronger recovery and reduce painfully persistent double-digit unemployment.
Despite Republican criticism concerning record federal deficits, Obama said the U.S. has had to “spend our way out of this recession” with so many people out of work but insisted he was still mindful of a need to confront soaring deficits.
Mindful of the need to confront soaring deficits? That’s nice, but doesn’t do anything to reduce federal spending. I’m mindful of feminine beauty, but a hot chick still doesn’t do for me what she does for my straight male friends.
It’s too bad Democrats remain in Spenderland, believing that government spending is the solution to all social problems. If the president really wants to help put people back to work, he needs to do something which makes it easier for those institutions which best create new jobs to do just that. That means, he need remove regulatory and tax burdens on small businesses.
To that end, it might be a good idea for his EPA to reconsider its declaration yesterday about carbon dioxide. That’s just going to give the federal government one more tool with which to interfere with American enterprises. And small businesses are not readily equipped to adapt to meet federal mandates nor to do the paperwork to show compliance with said mandates — nor to hire attorneys to challenge edicts handed down by federal agencies.
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Imagine your big-spending, sleazy, coke-addicted nephew giving you a speech about how he has to “spend his way out of his unemployment and debt problems”. Would you buy it? Does he deserve any of your hard-earned money?
Comment by ILoveCapitalism — December 8, 2009 @ 6:25 pm - December 8, 2009
As for Obama’s deficit-reduction policy… Image your party-hearty high school kid telling you not to worry about his bad grades because he has a “straight A policy”. (h/t Peter Schiff)
Comment by ILoveCapitalism — December 8, 2009 @ 6:30 pm - December 8, 2009
Ok so the biggest deficiet spender in the history of human kind in the midst of a 25 minute speech says he’s worried about deficiet spending. Why should we believe anything else the man says about ANYTHING?!
Comment by Gene in Pennsylvania — December 8, 2009 @ 6:39 pm - December 8, 2009
Even if he “cuts the deficit in half” like he promises (and he won’t), it will still be almost 2x the size of Bush’s biggest deficit.
Comment by V the K — December 8, 2009 @ 7:13 pm - December 8, 2009
I’m with Tano on this one. Since the economy grows from the bottom up (as Oblahblah said so often in his campaign), we obviously have to hit the very bottom of the bottom before the survivors can begin to “grow the economy.”
Here is how it works: You come to my house and I don’t shoot you. Instead, I trade you an extra old ratty knife for your mule. You use the knife to rob an old woman down the road of her chickens. The sheriff offers a $100 bounty on your hide. So, now I shoot you, collect the bounty and take my ratty knife back. Now I have my ratty knife, a mule and $100 dollars. That makes me a lieutenant in the growing the economy from the bottom up society. I offer the old woman full chicken protection for two apple pies a week. I eat one and sell the other one. I make it clear that those who buy my surplus apple pies will have my favor.
See! I’m a community organizer and I didn’t even half try for the job.
Comment by heliotrope — December 8, 2009 @ 7:49 pm - December 8, 2009
GayPatriot » What Happened to Obama’s Concern About the Deficit?…
Thank you for submitting this cool story – Trackback from PunditKix…
Trackback by PunditKix — December 8, 2009 @ 8:16 pm - December 8, 2009
President Obama talks more “white” than any of the “white men” that preceded him in government.
Comment by Duffy - Native Intelligence — December 8, 2009 @ 11:50 pm - December 8, 2009
That’s gut wrenching to read. Would he start a program rationing bullets? Maybe take back the tents and issue home made shelter halves to each soldier?
Comment by ThatGayConservative — December 9, 2009 @ 9:58 am - December 9, 2009
[...] Far exceeding inflation? ar exceeding inflation? At a time, when the president has been reiterating his campaign promise to control deficits. Well, here’s your chance, Mr. President, veto the [...]
Pingback by GayPatriot » A spending bill a principled president would veto — December 12, 2009 @ 3:12 pm - December 12, 2009