WASHINGTON -- To those who believe that Barack Obama is a different kind of politician -- more honest, more courageous -- please don't examine his administration's budget. If you do, you may sadly conclude that he resembles presidents stretching back to John Kennedy in one crucial respect. He won't tax voters for all the government services they want. That's the main reason we've run budget deficits in 43 of the past 48 years.
Obama is a great pretender. He repeatedly says he's doing things that he isn't, trusting his powerful rhetoric to obscure the difference. He has made "responsibility" a personal theme; the budget's cover line is "A New Era of Responsibility." He says the budget begins "making the tough choices necessary to restore fiscal discipline." It doesn't.
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Obama is a Great Pretender
Discussion in 'Political Debate & Discussion' started by Revmitchell, Mar 10, 2009.
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Revmitchell Well-Known MemberSite Supporter
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O'bama is the ultimate con artist!
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Actually, O'bama is a congenital liar as well.
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Revmitchell Well-Known MemberSite Supporter
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Maybe he wants to stay alive. Maybe someone 'splained him after he got elected. (old joke but can't tell it on this list)
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Revmitchell Well-Known MemberSite Supporter
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Revmitchell Well-Known MemberSite Supporter
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Bro. Curtis <img src =/curtis.gif>Site Supporter
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We need the Inkspots around to sing O'bama the Great Pretender!
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Revmitchell Well-Known MemberSite Supporter
Still waiting................ -
Tuesday, December 23, 2008 9:25 AM
http://moneynews.newsmax.com/streettalk/deficit/2008/12/23/164700.html
WASHINGTON – U.S. President George W. Bush's administration acknowledged Monday that it would leave behind a massive budget deficit but could not say whether it would exceed one trillion dollars.
"The size of the budget deficit, whatever the number is, I can't predict whether it's going to be a trillion or something less than that," said White House spokesman Tony Fratto.
Fratto said it would be a "very significant number."
He was commenting on a warning by vice president-elect Joseph Biden at the weekend that the incoming administration of Barack Obama could inherit a deficit exceeding a trillion dollars, the largest in US history.
The deficit hit 455 billion for the fiscal year that ended September 2008.
Fratto said that the burgeoning deficit stemmed from recession caused by financial turmoil fuelled by a home mortgage meltdown.
"And I think it's going to reflect two things. One is the downturn in the economy and the slowing of receipts coming into the federal government. It's also going to reflect the large increase in spending over the short term to deal with the financial crisis," Fratto said.
Biden, in his first interview since the November 4 election, told ABC television that the US economy was in "much worse shape" than he thought and needed a second stimulus package to prevent it from tanking.
He called for a second big stimulus package to keep the world's biggest economy from "absolutely tanking."
"Every single person I've spoken to agrees with every major economist. There is going to be real significant investment, whether it's 600 billion or more, or 700 billion, the clear notion is, it's a number no one thought about a year ago," Biden said.
Fratto said that with just 29 days ahead of Obama's inauguration on January 20, the Bush administration would not propose a second economic stimulus plan.
"I don't think there's any chance of a second stimulus package at the end of this administration in the days that we have remaining," he said.
"I know that the next administration and congressional leaders are discussing what they intend to do, and what their plans are, but it's not something we'll be doing," he said.
The economy is still in dire straits despite a 700-billion-dollar rescue plan signed by President George W. Bush.
Obama and his Democratic colleagues in Congress hope to have an economic stimulus package as big as 850 billion dollars ready when the White House changes hands next month, putting the economy at the top of the agenda.
The stimulus plan will be "the top priority in the first 100 days of the next Congress," which convenes in early January, House of Representatives majority leader Steny Hoyer said last week. -
Revmitchell Well-Known MemberSite Supporter
So where in this diatribe is evidence of a current depression?