WASHINGTON – Preparing for political life after a bruising election, President Barack Obama will put greater emphasis on fiscal discipline, a nod to a nation sick of spending and to a Congress poised to become more Republican, conservative and determined to stop him.
As I said in January, Obama's new awakening on fiscal matters is absolute bullshit. We had a record deficit since then.
Or as I said in 2009, Obama lecturing about Debt is like the Detroit Lions talking about winning.
This emphasis on "fiscal discipline" is from the clown who spend a crapload of money as a senator and as the resident of the white house the last two years. Bush was bad on fiscal matters. I called him out back then and supported the Pence plan as an alternative back in 2006. Obama makes Bush look about as fiscal conservative as Ron Paul. He's shattering the records with his budgets, bailout votes, and stimulus packages. If there's a poster boy for fiscal mismanagement, it is Barack Obama.
The president has signaled that at the start of the new year, he will speak more directly to the country about the financial choices ahead. "If we're going to get serious about the deficit, then we're going to have to look at everything: entitlements, defense spending, revenues. ... And that's going to be a tough conversation," he said.
It's one that will be framed by a bipartisan debt commission, whose ideas this December will give Obama political cover on where to suggest unpopular cuts.
Taxes. Of course. That's what Obama wants. He sure as hell isn't going to cut entitlements or his stimulus spending.
Obama says the most frustrating part of his presidency is that he had to keep spending money and adding to the deficit in his first six months in office "to save the economy." He has from the start called deficit reduction a goal, but one that had to get bumped in favor of sparking the economy.
Bullshit. Keynesian Economics is, was, and always will be a failure. It leads to stagflation, as proven during the Carter years. As for his suggestion on Commissions, they are also a joke. Always was, is, and will be. Federal Commissions are a bunch of politicians and has-been politicians with big egos who get together, run their mouths, and give themselves status to beltway people to get their bad policies passed. Look for tax increases to be proposed, pressure to come to the reps because of the commission being the ones to push this, and no real good solutions from them.
It's not that hard. Don't spend what you don't have. It takes 4th grade math to figure that out. It doesn't take a commission. It doesn't take a summit. It takes representatives to do their jobs and pass a balanced budget without tax increases. It's then the idiot in chief's job to sign that and not be an idiot anymore. It's not that hard. Even a caveman can do it.