Obama’s Promises of Fiscal Responsibility Ring Hollow
Two recent news stories illustrate, more clearly than ever, the Obama Democrats’ contempt for the free market and individual economic liberty. If given the chance, they will expand government and spend as much of our money as they can get away with.
First we learn that Obama and his party simply will not agree to keep their grubby government hands off the estimated $200 billion the banks are going to repay under TARP. Just when we finally receive this glimmer of good news to ameliorate our reasonable panic over the ever-increasing national debt, Obama announces that he intends to intercept a good portion of the debt repayments and spend it on job creation and assistance to certain debtors.
I assume we’re supposed to be too dense to remember that his stimulus spending to date hasn’t created jobs and that most of it hasn’t even been used for that purpose. So when this administration says its first priority is reducing debt, understand we are being played – by consummate cynics.
Likewise, the Democrats’ various health-care plans contemplate $500 billion in Medicare savings between 2010 and 2019. But instead of using the savings to shore up this entitlement’s solvency, they are charging forward with a new entitlement: major subsidies to the uninsured to buy health insurance.
Read More: By David Limbaugh, WND
Tags: "fiscal Responsibility", Barack Obama, Debt, Dream On, Empty PromisesPresident Barack Obama plans to announce in next year’s State of the Union address that he wants to focus extensively on cutting the federal deficit in 2010 – and will downplay other new domestic spending beyond jobs programs, according to top aides involved in the planning.
Obama will try to sell fiscal responsibility in the lead up to 2010 elections
The president’s plan, which the officials said was under discussion before this month’s Democratic election setbacks, represents both a practical and a political calculation by this White House.
On the practical side, Obama has spent more money on new programs in nine months than Bill Clinton did in eight years, pushing the annual deficit to $1.4 trillion. This leaves little room for big spending initiatives.
On the political side, Obama can help moderate Democrats avoid some tough votes in an election year and, perhaps more importantly, calm the nerves of independent voters who are voicing big concerns with the big spending and deficits. Even if Obama succeeds – and that’s a big if – it will be tough for many Democrats to sell themselves as deeply concerned about spending after voting for the stimulus, the bailouts, the health care legislation and a plan to address global warming, four enormous government programs.
Read More: By MIKE ALLEN & JIM VANDEHEI, Politico
Tags: "fiscal Responsibility", 2010 Election, Barack Obama, Deficit Reductions
James Rosen, McClatchy Newspapers
Sanford is heroically standing up to Obama
South Carolina Gov. Mark Sanford is expected Wednesday to become the first governor to formally reject some of the federal stimulus money earmarked by Congress for his state.
The move will cement Sanford’s growing reputation as a political powerhouse among Republican party stalwarts nationwide — though how much of the estimated $8 billion in stimulus funds destined for South Carolina will be affected is unclear. The law allows state legislative leaders to accept funds the governor rejects.
“Our objections to the so-called stimulus bill have been well-chronicled for the way it spends money that we don’t have and for the way this printing of money could ultimately devalue the American dollar,” Sanford said on Tuesday, even as he acknowledged that he’ll accept some
Tags: "fiscal Responsibility", Economic stimulus, Mark Sanford
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