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Politics : Liberalism: Do You Agree We've Had Enough of It? -- Ignore unavailable to you. Want to Upgrade?

To: Alex MG who wrote (102766)	4/13/2011 12:47:43 PM
From: JakeStraw	4 Recommendations Read Replies (1) \| Respond to of 224875

“We cannot simply spend as we please and defer the consequences,” Obama declared, promising to cut the deficit, then $1.3 trillion, in half before the end of his first term. Having made that promise, the president instead went out and increased the budget deficit to $1.4 trillion. He also pushed through a $2.7 trillion health-care bill that adds $833 billion to the deficit over its first decade of full implementation. Roughly a year later, he appointed a bipartisan deficit commission, warning that “these are tough times and [the federal government] can’t keep spending like they’re not.” In December, the National Commission on Fiscal Responsibility and Reform issued its report calling for spending cuts, tax reform, and changes to Social Security, Medicare, and Medicaid. The president ignored it. The deficit reached $1.65 trillion. In this year’s State of the Union address, President Obama again said we have to confront the fact that our government spends more than it takes in. “That is not sustainable,” he said. He then proposed a 2012 budget that adds $13 trillion to the national debt over the next decade. One begins to detect a pattern.