Consider this statement by Obama today. "It's with a budget that leads to broad economic growth by moving from an era of borrow and spend to one where we save and invest."
These are wonderful spoken words, but the facts are so contrary to his pronouncement, it causes one to consider if Obama is even living on the same planet.
The chart below is from the CBO and includes the White House's own estimates!
Save and invest? I don't see it even in his own administration's numbers!
7 comments:
YIKES! Save and invest my booty! Does'nt he mean tax and spend?
Yes, but for Obama, what he says is more important to him that what he actually does. Actions are the side show, his words are the main attraction.
This is because to politicians, the government does not spend anything...they invest. Only large businesses and the private sector spend.
If McCain had won, and if there had been a Republican sweep in both houses, what do think would have been the spending patterns concerning the economic recession? Are we talking a bit less spending, some less spending, or a lot less spending? Given the federal deficit after 8 years of Republican domination, and given most Republicans scarcely mentioned it during these 8 years, I am hard pressed to think that Republicans would somehow being doing much differently. They spent us into this mess and now because they are no longer in power, they are simply assuming the role of the opposition: that of pointing out the obvious. Had they won, they would be neither harping about spending nor the deficit. The proof is that they didn't for 8 years. That doesn't mean that some Republicans and some Democrats didn't try to rattle some chains about it, but no one was interested, especially not the party in power.
I think we are talking about quite a bit less spending. However, you are correct that Republicans overspent, and I am quite displeased about that. Nevertheless, overspending did not begin with the Republicans during the past 8 years. Both parties are guilty and it turns out that Bush was not a fiscal conservative. I can't see how our two parties will ever change. It will require a few strong leaders with rock solid backbones from both parties to bring this runaway spending under control. Your desired form of government and my desired form of government are both at risk here. No entity can have deficit spending forever without bringing destruction on itself. Ultimately, the piper must be paid.
True enough. If there is a crash, fingers will point in all directions. In my opinion, it is up to delegates at the rock bottom level to start demanding fiscal wisdom. This means county conventions. Whether running for a county seat or a statehouse hopeful running for the state house or a federal candidate for national office, delegates of both parties must demand their commitments to fiscal responsibility early on. After that, let's battle over WHAT to cut, HOW to pay off the debt, and WHAT continuing priorities will be. That is a conversation worth fiery conversation, but to go merrily on our way is NOT an option. My shot across the bough was a few sacred cows: the military, NASA, education (odd coming from a teacher I know).
You are exactly right, and I am happy that we agree on at least this one issue. Like an alcoholic, politicians cannot keep living in denial of the problem.
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