"One of the central goals of this administration is restoring fiscal responsibility". - Barack Hussein Obama, Brookings Institution, December 8th 2009Through the first two months of fiscal year 2010, the Obama administration has racked up $292 billion in deficits, according to the Congressional Budget Office (CBO). Factored out over the entire fiscal year, that equates to a deficit of just over $1.75 trillion. Add that to the deficit in Obama's first year, $1.4 trillion, and we're talking some serious coinage. What's even more striking is that in one year, this administration is set to surpass its previous year's deficit by nearly the entire total deficit of the last year of the Bush administration, and yet Obama speaks of "restoring fiscal responsibility"?
The coming projected deficit might even be a conservative estimate, since Obama is talking about "spending our way out of this trouble". This is coming from a man who has presided over only one budgetary venture in which he ended up squandering over $20 million. I wonder who he blamed for that fiasco? Did he blame his predecessor at the Annenberg Challenge then, too?
Speaking at Brookings on jobs, Obama incredibly tried to portray the first "stimulus" as such a success that he was preparing to launch a new wave of spending; a second stimulus. The first question this raises is, if it was such a success, why is another needed? If by success he means a .2% reduction in a near-record unemployment rate, how much more non-existent money is he planning to spend, and to what end?
I have compared this president to Don Quixote, but the more I watch him, the more I am convinced that such a comparison may have been too kind. Perhaps a more accurate description may be that of a young boy dressed in his father's suit, playing at being grown up. Having won the prize that dazzled his eyes, he now finds himself tripping over the cuffs of the pants that extend far beyond his shoes.
Having discovered that the presidential waters are much deeper and much more treacherous than he probably imagined, he flails and fumbles while blaming everything on Bush, all the while whining about how hard he's working. And just like the child who plaintively wails to Mom to buy him that candy, he is determined to get his health care horror passed into law, and right now, and he cares not a whit if it takes Mom's last dollar.
In spite of the terrible state of our nation, I still can't help but chuckle at the recollection of the claims of the left that "we finally have a grown-up in charge". I wonder if they're mature enough themselves to realize and admit that they've been duped? Sphere: Related Content