Thursday, November 19, 2009

Sure, Now He's Worried About The Deficit. Updated and Bumped.

UPDATED: Found the current graph. Now with longer bars to indicate more debt.

Previously. . .
Keep in mind that:

  • In 2007 and 2008, the Democrat party controlled both the Senate and the House.
  • Barack helped with the budget for those two years.
  • The Democrat controlled Congress helped craft TARP, all the bail outs and the Stimulus Package.
  • Whatever Bills Obama signed into law at the start of the year, he helped create while he was a Senator that previous year.
  • And he's said something like this before in the past and nothing has come of it. Far from it, in fact (from back in May of 09).

So now he's going to crack down on that pesky deficit. The same way the alcoholic will stop drinking after the liquor cabinet is empty.

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.

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.
[. . .]
The big question for Obama – and the country – is whether the sudden concern about deficits will be more rhetoric than reality once his first State of the Union address concludes.

Nothing is stopping him now from trying to cut deficits. But seeing how he's never cut a budget in his life, only increase them, which can mean only one thing. He'll need to bring in more revenue, i.e., taxes. After all, this deficit is a crisis he 'inherited' and he needs to do something to fix the problem he created.

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