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Posts Tagged ‘Deficit’

In one stroke of a pen President Obama double the deficit of the United States. Then about 1 week later he promises to cut the deficit in 1/2 by the end of his first term through cuts in spending and raising some taxes.  Does anyone else see the bipolarness of this?  It’s like going out on a bender and then calling a family meeting to announce your quiting drinking. Both the President and Congress should have looked closer at their big spending bill the previous week if they wanted a good head start at cutting spending . Do we really need an 8 billion dollar hi-speed rail system between Disneyland and Las Vegas.  I’m all for Hi-speed rail.  We lag behind the world in Hi-speed rail but put it somewhere it can really help like between two major business centers like Washington DC and NYC.  Either way I digress away from my initial statement.  When announcing  that we need to cut the deficit did he really think we forgot that just 7-9 days earlier he doubled our deficit with the stimulus program and was proud of doing it. You can’t make this stuff up. One last thing. I’m tired of President Obama saying he inherited this horrible economy. President Bush is not solely responsible for the economic mess we are in. Congress had a large hand in it also. It takes congress and a president to create and sign off on a budget. Also while he may now have this economy on his plate he campaigned very hard to get this job. He knew what he was getting into. Quit acting like you found some big surprise behind door # 2. Hopefully someday we will all look back at these times and laugh about it, but I doubt it.  Thanks for listening… Spiney

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