Obama getting serious about budget deficits

Posted: 11th February 2010 by Scott @ The Right of a Nation in General Politics

The only problem is that he is so “serious” about them that he is considering tax increases on the middle class in order to “rein in the budget deficit,” according to BusinessWeek.

Obama, in a Feb. 9 Oval Office interview, said that a presidential commission on the budget needs to consider all options for reducing the deficit, including tax increases and cuts in spending on entitlement programs such as Social Security and Medicare.

Are they also going to consider the option to quit spending so much damn money?

Obama repeatedly vowed during the 2008 presidential election campaign that he would not raise taxes on individuals making less than $200,000 and households earning less than $250,000 a year. When senior White House economic adviser Lawrence H. Summers and Treasury Secretary Timothy F. Geithner suggested in August that the administration might be open to going back on that pledge, White House press secretary Robert Gibbs quickly reiterated the president’s promise.

“What I can’t do is to set the thing up where a whole bunch of things are off the table,” Obama said. “Some would say we can’t look at entitlements. There are going to be some that say we can’t look at taxes, and pretty soon, you just can’t solve the problem.”

I’m not sure Pres. Obama fully understands what a “vow” or “promise” actually is… when you say you aren’t going to do something, that thing is supposed to automatically be “off the table.”

This whole situation is basically the government saying “hey I know we said we weren’t going to take more of your money, but we just had this killer party and we spent way more than we planned so we’re gonna need some more!  Come on, you know how it is when you’re drunk and having a good time!”

It’s like a guy driving home from the dealership in his new Rolls-Royce, pulling up to his multi-million dollar home, and saying “wow, I’ve got loans for all of this stuff, there’s really no way I can pay for all of this.  I’ve got to find a way to figure this out, someone has to got to help me pay for this…” and then driving off and buying a yacht.

update – I just found another great quote from the article

“Our real problem is not the spike in spending last year, or the lost, even the lost revenues last year, as significant as those are,” he said. “The real problem has to do with the fact that there is a just a mismatch between the amount of money coming in and the amount of money going out. And that is going to require some big, tough choices that, so far, the political system has been unable to deal with.”

Damn it!  It’s not a tough choice!  If you don’t have enough money for the stuff you are buying, QUIT BUYING SHIT!  Don’t attempt to take more of the American peoples’ money!

Also, those two sentences don’t even make any freaking sense.  How can you say

“Our real problem is not the spike in spending last year, or the lost, even the lost revenues last year, as significant as those are.”

And then say

“The real problem has to do with the fact that there is a just a mismatch between the amount of money coming in and the amount of money going out.”

In an attempt to take the blame off yourself, you just said the exact same thing in two back to back sentences and are trying to tell us that they are different?  Seriously?

  1. GreenClover says:

    Let all be warned, it was high taxes that started the American Revolution.

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