Remember how then-campaigning President Obama passionately argued that we needed to have a “balanced approach” to the budget (looking at spending cuts as well as revenue increases) to address the national debt and fund the government? Whatever happened to him?
George Will, in a provocatively entitled column “Bewitched by Obama” opens with this –
Even Jonathan Swift, who said that promises and pie crusts are made to be broken, might have marveled at the limited shelf life of Barack Obama’s promise of a “balanced” deficit-reduction plan — substantial spending cuts to accompany revenue increases. Obama made short shrift of that promise when he demanded $1.6 trillion in immediate tax increases and mostly unspecified domestic cuts. He also promised to cut $800 billion from 10 years of war spending that will end in two years, which is like ‘cutting’ $800 billion by deciding not to build a ski resort on Mars.
One of my major reservations about voting for major party candidates is that they seem to lack integrity. They say what people (or at least 51% of the people in swing states) want to hear. We are desperately in need of someone with the courage of his or her convictions who can approach the “unpatriotic deficit” (as Obama called it before it increased even further under his watch) with a healthy, balanced dose of common sense.
When I go in debt, I have to look at both my income and my expenses. President Obama and Congress need to step aside from their political posturing, roll up their sleeves and get to work on both sides of the budget. Stop holding press conferences to reiterate tag lines and start truly negotiating dollars with sense.
(for another view, check out “How Many Rich People Does It Take to Create a Job“)