Filed under: Capitalism, Economy, National Security, Politics, Taxes | Tags: An Unserious Administration, Barack the Borrower, The Problem is Spending
President Barack Obama is not serious about cutting federal spending. He has offered no plan, put nothing on paper. He insists that his party is offering serious spending cuts and wants to reform entitlements. He likes to talk about “shared sacrifice” and “balance” which are euphemisms to him for raising taxes. The Wall Street Journal noted that:
Mr. Obama’s final offer in the Biden talks was a $2 billion cut in 2013 nondefense discretionary spending. The federal government spends more than $10 billion a day.
Not serious, not concerned about the country. Why, given his record-setting spending binge over the last 2½ years would anyone expect Barack the Borrower to be serious about cutting back on spending?
Given Jay Carney’s performance in the most recent press conference, the media is beginning to recognize the lack of seriousness.:
“When you put forward a position… it becomes charged politically and your chances of actually getting an agreement diminishes significantly. That’s how it works. You know that’s how it works. You don’t? Well you should. Others do.”
And yet, this whole time the President hasn’t put a plan on paper because he didn’t want things to get “politically charged” he has been going out and accusing Republicans of wanting to protect rich, corporate jet owners with tax breaks.
The Democrats are not serious —Minority Leader Nancy Pelosi announced imperiously:
This is an excuse. The budget deficit is an excuse for the Republicans to undermine government plain and simple. They don’t just want to make cuts, they want to destroy. They want to destroy food safety, clean air, clean water, the department of education. They want to destroy your rights.
That’s an amazing example of sheer delusion. She obviously didn’t read the bill to find out what’s in it.
The Secretary of the Treasury,Timothy Geithner, went on television and threatened the old folks, tried to scare everyone else, and essentially lied about default on the debt. The position of Treasury Secretary is supposed to be one of the most responsible and serious of any in the administration. But this is not a serious administration.
Victor Davis Hanson summed it all up masterfully in “The Ten-Trillion-Dollar Man.” A piece not to be missed.