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Obama Seems Tone-Deaf On Budget Deficit
IBD Editorials ^ | January 28, 2011 | CHARLES KRAUTHAMMER

Posted on 01/28/2011 4:56:12 PM PST by Kaslin

The November election sent a clear message to Washington: less government, less debt, less spending.

President Obama certainly heard it, but judging from his State of the Union address, he doesn't believe a word of it.

The people say they want cuts? Sure they do — in the abstract. But any party that actually dares carry them out will be punished severely. On that, Obama stakes his re-election.

No other conclusion can be drawn from a speech that didn't even address the debt issue until 35 minutes in. And then what did he offer?

A freeze on domestic discretionary spending that he himself admitted would affect a mere one-eighth of the budget.

Obama seemed impressed, however, that it would produce $400 billion in savings over 10 years. That's an average of $40 billion a year. The deficit for last year alone was more than 30 times as much. And total federal spending was more than 85 times that amount.

A $40 billion annual savings for a government that just racked up $3 trillion in new debt over the last two years is deeply unserious. It's spillage, a rounding error.

As for entitlements, which are where the real money is, Obama said practically nothing. He is happy to discuss, but if Republicans dare take anything from granny, he shall be Horatius at the bridge.

This entire pantomime about debt reduction came after the first half of a speech devoted to, yes, new spending.

One almost has to admire Obama's defiance. His 2009 stimulus and budget-busting health care reform are precisely what stirred the popular revolt that delivered his November shellacking. And yet he's back for more.

(Excerpt) Read more at investors.com ...


TOPICS: Business/Economy; Editorial
KEYWORDS: 2wrongsspendmore; yeswecan

1 posted on 01/28/2011 4:56:15 PM PST by Kaslin
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To: Kaslin

Speaking of tone-deaf wasn’t it just two days ago he was asking for an “internet off-switch”, and today he’s saying Egypt is evil for shutting off their citizens’ human right to communicate via the internet???


2 posted on 01/28/2011 5:03:16 PM PST by null and void (We are now in day 738 of our national holiday from reality. - 0bama really isn't one of US.)
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To: null and void

He’s a hypocrite, like all liberals are.


3 posted on 01/28/2011 5:06:17 PM PST by Kaslin (Acronym for OBAMA: One Big Ass Mistake America)
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To: Kaslin
"His 2009 stimulus and budget-busting health care reform are precisely what stirred the popular revolt that delivered his November shellacking. And yet he's back for more."

We will not cut entitlements until our nation is bankrupt and can borrow no more and until the dollar is worthless so there's no point printing any more.

I'm curious to see the first budget from the new Congress, but they're already negotiating with Obama so I don't have much hope there. Keep the government gravy train rolling until the wheels come off is the policy. They don't know anything else.

4 posted on 01/28/2011 5:10:07 PM PST by Batrachian (I learned everything I needed to know about Islam on 9/11)
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To: Kaslin

5 posted on 01/28/2011 5:10:40 PM PST by 4Liberty ( How do you spell "moral hazard"?: $ 19, 0 0 0, 0 0 0, 0 0 0, 0 0 0.)
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To: Kaslin
“One almost has to admire Obama’s defiance.”

Still had to get his fish lips planted firmly on obama’s back side. I despise charles almost as much as I do obama. He is almost as liberal too.

LLS

6 posted on 01/28/2011 5:21:22 PM PST by LibLieSlayer (WOLVERINES!!!)
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To: LibLieSlayer

Krauthammer played Shimmy Shimmelstone on the Flintstones.


7 posted on 01/28/2011 5:32:29 PM PST by runninglips (Don't support the Republican party, work to "fundamentally change" it...conservative would be nice)
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To: runninglips

... or Snidely Whiplash.

LLS


8 posted on 01/28/2011 5:35:52 PM PST by LibLieSlayer (WOLVERINES!!!)
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To: Kaslin

Limbaugh: “How could a man with ears so big be so tone deaf?”


9 posted on 01/28/2011 5:53:20 PM PST by NonValueAdded (Palin 2012: don't retreat, just restock [chg'd to comply w/ The Civility in Discourse Act of 2011])
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To: Kaslin
On that, Obama stakes his re-election.

I doubt if the big "O" will run again for many reasons, the principal one being states demanding proof of eligibility. That being said, he will do as much as possible to fulfill his goal of "fundamentally changing America." At least that's MHO!

10 posted on 01/28/2011 5:55:44 PM PST by Don Corleone ("Oil the gun..eat the cannolis. Take it to the Mattress.")
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To: Don Corleone

Hi SOTU speech was nothing but a campaign speech and his trip to Wisconsin on Wednesday was a campaign trip


11 posted on 01/28/2011 6:13:06 PM PST by Kaslin (Acronym for OBAMA: One Big Ass Mistake America)
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To: Kaslin

HE AIN’T TOO SMART EITHER!


12 posted on 01/28/2011 6:30:32 PM PST by DooDahhhh (hH)
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To: Kaslin

HE AIN’T TOO SMART EITHER!


13 posted on 01/28/2011 6:30:44 PM PST by DooDahhhh (hH)
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