Irony to the "nth" degree
In a Bloomberg article, Julianna Goldberg informs us that our spendthrift president is about to "get tough" on federal deficit spending.
No, seriously. In his weekly radio address, The One morphs into a Deficit Messiah right before our eyes. Goldberg quotes Obama:
"All across America, families are tightening their belts and making hard choices," Obama said. "Now, Washington must show that same sense of responsibility."
Am I missing something here? Is this the same president who muscled Congress to give him a nearly $800 billion stimulus package of which less than 10% will be spent on projects and programs that will actually stimulute the economy this year? Isn't this the same guy who shoved a $3.6 billion budget down our throats for next year? Isn't this the same fellow who signed off on a $400 billion plus "continuing resolution" with nearly 9,000 pork barrel earmarks?
And isn't this the guy who is going to wrack up $10 trillion in deficits over the next decade?
Can't be. That fellow was a drunken sailor who was impersonating our president. How he got by the Secret Service cordon I'll never know.
More comedy gold from the now reformed Prodigal President via Goldberg:
"We cannot sustain deficits that mortgage our children's future, nor tolerate wasteful inefficiency," Obama said. "Government has a responsibility to spend the peoples' money wisely, and to serve the people effectively."
Hey! Heard the exact same thing at the tea parties the other day. Does this mean Obama wants to join my Facebook group?
Obama wishes to employ the old "Pay-Go" shell game where for every dollar of spending there must be an offset in taxes or spending cuts elsewhere. But Pay-Go wasn't really designed to cut spending as much as it helped control the increases. The vibrant economy did the rest as tax receipts increased (oh my - supply side economics in action) and deficit reduction was accomplished.
Unfortunately for our president, there is no "vibrant economy" at the moment and we likely won't have one until, hopefully, he has departed Washington and gone back to engaging in his true calling; being a rather inept community organizer. This means that tax receipts will not rise and, in fact, outlays will increase substantially as a result of the recession.
Cutting the budget means, well, cutting money from federal outlays. No offsets - simply slashing programs in order to reduce the difference between what the government takes in and what it spends. Saul Alinsky doesn't have a rule about learning basic math so our president is probably unaware of thiis fact of nature.
Face it, Mr. President. You have opened a Pandora's box of deficits that will burden us, our children, and their children with a crushing debt. And until you bite the bullet and start taking an ax to your grand plans to "remake America," the future of the United States will look quite dark indeed.
Hat Tip: Ed Lasky