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February 4, 2010
Obama: 'You tighten your belts' while we spend you into oblivion
At a high school in North Nashua, N.H, on Tuesday President Obama lectured the audience on some rather breathtaking insights concerning the values of self-restraint and self-discipline:
"When times are tough, you tighten your belts" said the President. "You don't go buying a boat when you can barely pay your mortgage. You don't blow a bunch of cash on Vegas when you're trying to save for college. You prioritize. You make tough choices."
Yet as Peter Ferrara notes today in his deeply disturbing American Spectator essay "Spending America Into Oblivion:"
"President Obama's own budget confesses that it would more than triple the national debt from $5.8 trillion at the end of 2008 to $18.6 trillion by 2020. Indeed, it would almost double the national debt in just four years from 2008, to $11.5 trillion in 2012. The budget also confesses that under President Obama's first three years, 2009-2011, the federal government will borrow over $4.2 trillion. As the Wall Street Journal reported last week, ‘That is more than the entire accumulated national debt for the first 225 years of U.S. history.'"
So while Obama tells "you" about how to spend and prioritize your money, his budget promises to spend our money, and our children's money, making it doubly difficult to pay off America's exploding mortgage - thus ensuring more "tough" times for American families.
I guess this is part of the price America paid for electing a former college "Lecturer" to the White House.