Bloodthirsty Liberal

Obama talking about fiscal responsibility is like the proverbial double-patricidist asking for mercy on account of he’s an orphan.

To give the man his due, he can look you in the face and lie better than any president since Bill Clinton:

President Barack Obama has vowed to cut the country’s budget deficit in half by the end of his first term. Obama laid out the guiding principle of his budget policy at a White House conference. He said he believes the time has come for “a frank conversation” about the problem and said the deficit, projected to total $1.3 trillion this year, must be brought under control.

Obama declared the country “cannot and will not sustain deficits like this without end.”

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Calling for fiscal restraint even while federal spending soars, Obama summoned allies, adversaries and outside experts to a White House summit Monday to address skyrocketing budget deficits and announced $15 billion in Medicaid money to states from his $787 billion economic stimulus package.

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The summit came one week after the president signed into law the gargantuan stimulus measure designed to stop the country’s economic free fall and, ultimately, reverse the recession now months into its second year. The new law is certain to add to this fiscal year’s deficit, which the administration projects will be $1.5 trillion.

Well, it took them six paragraphs to finally get to the heart of the matter. He single-handedly dug a trench deeper than the Marianas, and now he’s decrying the size of the hole?

Well, of course he is! Many of the spending initiatives in the stimulus bill are supposed to be permanent, not temporary, which is why Louisiana Governor, Bobby Jindal—Republican—turned down the money. Obama is instituting socialism in America, and somebody’s got to pay for it.

The screw-you-louse package is law. More profligate spending is on the way.

But the deficit is the real problem???

They had their chance to stimulate the economy and cut the deficit—by cutting capital gains and other taxes—and said no thanks.

Their answer: soak the rich. Which ain’t gonna work:

Harvard economist Jeffrey Miron said it’s a good idea for Obama to focus on the long-term deficit, but he said he suspects the proposal to halve the $1.3 trillion deficit is “wildly optimistic.”

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“First, tax increases will probably not produce as much revenue as being forecast, and second, he hasn’t really touched the two really important programs that account for a huge fraction of our future liabilities … Social Security and Medicare.”

And how come now he wants a “frank conversation”, but when Congress was drafting the screw package, Republicans were shut out of the process? How come, huh?

The autocrat has no clothes.