Saturday, June 20, 2009

Stop Me Before I Kill Again!

The President appears addicted to liberal spending policies:
President Barack Obama said on Tuesday that worrying about the U.S. government's finances "keeps me awake at night" and the country needed to start planning now to tackle soaring deficits.

In a pair of interviews on CNBC and Bloomberg television, Obama defended increasing government spending to prevent the recession from worsening, and warned the unemployment rate may hit 10 percent this year, a level not seen since 1983.

"There's no doubt that we've got a serious problem in terms of our long-term deficits and debt," he told CNBC. "I make no apologies for having acted short term to deal with our recession."

But he said once the recession ends, "we're going to have to close that gap between the amount of money coming in and the amount of money going out."

The Congressional Budget Office estimated on Tuesday that the federal deficit would hit $1.43 trillion in fiscal 2010 under Obama's budget plan, slightly higher than it had previously forecast.
Obama apparently is unfamiliar with the first rule of holes--"stop digging!"--as Jules Crittenden notes:
[I]t’s hard to work up a lot of sympathy for a guy who can’t sleep with his own decisions, and is still trying to figure out ways to drive the deficit even higher -- no matter how often he says his universal health plan is going to cut costs. In fact, the news that he can’t sleep and can’t stop is more than a little disturbing.
(via Instapundit)

4 comments:

Assistant Village Idiot said...

"...close that gap between the amount of money coming in and the amount of money going out."

I know what conclusion I leaped to there. OBH?

OBloodyHell said...

> I know what conclusion I leaped to there. OBH?

The amount of money coming in will come from vastly increased taxes, the amount of money going out will not be reduced in the least, is my personal bet.

Anonymous said...

Bush and Republicans did so much damage to our nation in so many ways, it might take the Democrats a while to clean up the mess. Perhaps a bit of patience is appropriate considering the years of destruction to the USA caused by "conservatives," Republicans and the Bush gang.

OBloodyHell said...

> Bush and Republicans did so much damage to our nation in so many ways, it might take the Democrats a while to clean up the mess.

Yeah, right. Talk to the hand. Either cite something that isn't mindless assertions derived from standard Dem/leftist talking points, or grasp that you sound like a complete gibbering fool.