Saturday, February 13, 2010

Closing The Barn Door After the Horse Has Bolted: Obama Now a Deficit Hawk?

Sometimes I feel like I'm in the twighlight zone. From Josh Gerstein at the Politico, an excerpt from this morning's weekly radio address by President Obama, in which he refers to "pay-go" legislation he signed yesterday, follows:

“Now, Congress will have to pay for what it spends, just like everybody else,” Obama said in his radio and Internet address released Saturday morning. “After a decade of profligacy, the American people are tired of politicians who talk the talk but don’t walk the walk when it comes to fiscal responsibility. It’s easy to get up in front of the cameras and rant against exploding deficits. What’s hard is actually getting deficits under control. But that’s what we must do.”

This is such a profoundly ludicrous statement coming from Obama, of all people, that I'm tempted to let it stand on its own as a statement to the contempt he has for the intelligence of the American people. However, I can't resist making a few brief observations...

The idea that Obama wants us to believe he is in any way concerned with fiscal responsibility is perhaps the most audacious avowal he's made yet (and he's made many). Does he honestly believe we've already forgotten the $3.83 trillion budget he unveiled less than two weeks ago, complete with a $1.56 trillion deficit? Or perhaps he believes we've all forgotten the $787 billion stimulus plan, financed entirely by debt, that didn't stimulate anything but an increase in the unemployment rate. To this we can add myriad other unaffordable programs on Obama's wish list: cap and trade, nationalized health care, and stimulus II to name but three.

It also appears from Obama's statement above that he is attempting to not only blame George W. Bush for his (Obama's) unsustainable debt, but Congress as well. There are two problems with this. First, Congress has been run by his own Democrat Party since they took over in 2006. Second and more important, the disastrous fiscal outlook is based on the Obama Administration's own budget proposal:

Indeed there is no plan by Obama to ever balance the budget or even attempt to do so. This latest claim by Obama to suddenly be interested in fiscal responsibility is as surreal as his late January "spending freeze" proposal which occurred about a week before his budget proposal was released with a record $1.56 trillion in new debt. Think about that. Obama is not and has never been interested in reigning in spending and deficits. Governor Palin has had Obama's number on this since day one, as this recent Facebook Note indicates.

Exit Question: Is Obama's sudden interest in the national debt simply a ruse to get around his campaign promise to exclude taxpayers making less than $250,000 from tax increases?

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