Thursday, May 3, 2012

Obama's Budgetary Discipline


Does anyone remember that Obama said he would cut the deficit in half in his first three years as president?

Interesting point is that at the time he said it, the deficit was "only" 400 billion and he was blaming Bush for his overzealous spending. I can only assume that Obama was a student of new math because he has more than DOUBLED the deficit every year he has been in office and this is along with directing the use of TARP funds and the STIMULUS program of a TRILLION each.

Of course all this was accomplished with the promise that unemployment would not rise above 8%. I would like to see it get back down to 8%. Hell, he could have given all that money to individual American taxpayers if they were willing to start a business and hire someone and we would have been much better off. Oh wait, that would be like cutting taxes and this wouldn't be "fair" would it?

Remember this in November when you are in the voting booth.