The Jack Lew Appointment: Classic Obama Hypocrisy

Here is an example of Dear Leader Barack Hussein Obama's hypocrisy.  Obama said, in 2009, "I refuse to leave our children with a debt they cannot repay.   We cannot and will not sustain deficits like these without end. ... We cannot simply spend as we please."  He pledged to halve the $1.3-billion deficit by the end of his first term.  But what has actually happened is that the deficit has not been reduced by half, or anywhere close.  Deficits for fiscal years 2010 through 2012 were $1.293 trillion, $1.300 trillion, and $1.089 trillion.  FY2013 has a budgeted deficit of $901 billion.  The debt, currently over $16.4 trillion, is increased each year by more than the amount of each year's deficit because a substantial amount of federal borrowing is not counted in the budget. If that weren't bad enough, Obama now plans to appoint Jack Lew as Treasury secretary, replacing that well-known tax-avoider, Tim Geithner.  Geithner was no...(Read Full Post)