By John W. Lillpop
Consistent with his governing philosophy of accepting responsibility for nothing, President Obama is speaking out against soaring deficits as though he were an innocent bystander as reckless spending pushes America to the brink of being a third-world, failed state.
As reported, in part, at Reuters.com (1):
“President Barack Obama gave his sternest warning yet about the need to contain rising U.S. deficits, saying on Wednesday that if government debt were to pile up too much, it could lead to a double-dip recession.
“With the U.S. unemployment rate at 10.2 percent, Obama told Fox News his administration faces a delicate balance of trying to boost the economy and spur job creation while putting the economy on a path toward long-term deficit reduction.
‘It is important though to recognize if we keep on adding to the debt, even in the midst of this recovery, that at some point, people could lose confidence in the U.S. economy in a way that could actually lead to a double-dip recession,’ he said.”
‘People losing confidence in the U.S. economy,’ sounds as though Obama was lectured to by President Hu Jintao. Has China threatened to cut America’s credit line, sir?
Obama’s spiritual awakening could have come much sooner, saving America trillions, if the president had only listened to Rush Limbaugh instead of Harry Reid and Nancy Pelosi last February.
After all, it was President Obama—not George W. Bush or any other Republican—who signed that foolish stimulus bill into law.
President Obama was in charge when the federal deficit exploded out of control which, among other things, reduced the value of the dollar to play money.
And it is President Obama who continues to push for a health care reform bill and amnesty for illegal aliens that will dump even more trillions onto the backs of American taxpayers.
Time to wake up and smell the coffee, Mr. President! With a simple flick of your veto bic, you can stop the carnage!
(1)
http://www.reuters.com/article/marketsNews/idUSN188108620091118
