Obama pledges to halve budget deficit in 4 years | Reuters
BO seems to be out on the campaign trail again trying to shore up his already sagging approval ratings (-9 in two weeks). Campaigning is the only thing that he knows how to do, so I suppose he might as well do it. Unfortunately, he tends to make a lot of promises when he campaigns, and here is another one by a guy that apparently has no idea what he is saying.
So we JUST decided to spend $800 Billion, and we will be VERY lucky if next years deficit isn't in excess of $2 Trillion, rather than the $1.2 Trillion that BO is quick to point out that he "inherited". Interesting how the role of congress drops to zilch when it is a Democrat congress isn't it?
So, spending at the rates of Trillions of dollars a year is "pressing on the gas" for the economy about as hard as we possibly can. While I disagree with how much and where, the idea that the gas must be pressed in a recession seems sound.
Now we have "halve the deficit in 4 years???". Say what? How pray tell would one do that? Drastic cut in spending coupled with tax increases? Uh, but that is stepping on the BRAKES!!! Why drive with one foot hard on the gas and the other hard on the brakes? Isn't that about the most STUPID way possible one can drive???
BO seems to be out on the campaign trail again trying to shore up his already sagging approval ratings (-9 in two weeks). Campaigning is the only thing that he knows how to do, so I suppose he might as well do it. Unfortunately, he tends to make a lot of promises when he campaigns, and here is another one by a guy that apparently has no idea what he is saying.
So we JUST decided to spend $800 Billion, and we will be VERY lucky if next years deficit isn't in excess of $2 Trillion, rather than the $1.2 Trillion that BO is quick to point out that he "inherited". Interesting how the role of congress drops to zilch when it is a Democrat congress isn't it?
So, spending at the rates of Trillions of dollars a year is "pressing on the gas" for the economy about as hard as we possibly can. While I disagree with how much and where, the idea that the gas must be pressed in a recession seems sound.
Now we have "halve the deficit in 4 years???". Say what? How pray tell would one do that? Drastic cut in spending coupled with tax increases? Uh, but that is stepping on the BRAKES!!! Why drive with one foot hard on the gas and the other hard on the brakes? Isn't that about the most STUPID way possible one can drive???
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