Obama’s Three-Card Monte Budget Plan
Welcome to three-card monte. That’s all that the Obama administration’s economic program amounts to — a sleazy con man’s card trick.
The president didn’t even bother to pay any attention to the recommendations of his deficit reduction group, headed by former Sen. Alan Simpson. That would have required adhering to a modicum of fiscal discipline.
He also kept himself at arm’s length from politically untouchable Social Security and Medicare because he is thinking about his re-election campaign in 2012. But if we don’t put them on the table now, America will end up like the Soviet Union — on the ash heap of history.
It all comes down to spending. We have tried stimulus spending by the government to boost the economy, and after tens of billions of dollars have been spent — on only God knows what — more stimulus spending by Uncle Sam won’t make it any better. After all, we are spending money we don’t have.
To put it bluntly, the government of the United States is broke — flat broke. We’re so deep in debt that getting out of the hole we’ve dug for ourselves will never happen in our lifetimes or those of at least a couple of generations to come. Their heritage will be a mountain of debt built by their forebears — us.
And now… the rest of the story. …..
Harold
