Obama’s very knotty problem
Posted by danishova on March 25, 2009
CHIP REID: Thank you, Mr. President. At both of your town hall meetings in California last week, you said, quote, "I didn’t run for president to pass on our problems to the next generation."
But under your budget, the debt will increase $7 trillion over the next 10 years. The Congressional Budget Office says $9.3 trillion. And today on Capitol Hill, some Republicans called your budget, with all the spending on health care, education and environment, the most irresponsible budget in American history.
CHIP REID: Isn’t that kind of debt exactly what you were talking about when you said "passing on our problems to the next generation"?
OBAMA: First of all, I suspect that some of those Republican critics have a short memory, because, as I recall, I’m inheriting a $1.3 trillion deficit, annual deficit, from them. That would be point number one.
Refresh my memory. Weren’t you the Junior Senator from Illinois before you ascended to the White House? Did you have nothing at all to do with expanding the federal deficit, with mega-spending and tax increases enacted under the Pelosi/Reid Democrat controlled congress (over the objections of then President Bush)? If you hate deficits so much, why didn’t you vote no to this irresponsible legislation? Moreover, as President, you had the opportunity to demand that, say, earmarks were removed from the budget. You did no such thing.
Point number two. Both under our estimates and under the CBO estimates, both — the most conservative estimates out there, we drive down the deficit over the first five years of our budget. The deficit is cut in half. And folks aren’t disputing that.
OBAMA: Where the dispute comes in is what happens in a whole bunch of out-years. And the main difference between the budget that we presented and the budget that came out of the Congressional Budget Office is assumptions about growth.
Obama also told us last night that he is “persistent”. Yes he is! He persistently whines and moans about the deficit he “inherited”, and refuses to tell the truth, which is that that his wealth redistribution schemes, and idiotic Utopian “solutions” increase the deficit exponentially.
I think that, when it comes to domestic affairs, if we keep on working at it, if we acknowledge that we make mistakes sometimes, and that we don’t always have the right answer, and we’re inheriting very knotty problems, that we can pass health care, we can find better solutions to our energy challenges, we can teach our children more effectively, we can deal with a very real budget crisis that is not fully dealt with in my — in my budget at this point, but makes progress.
Spending gazillions of the taxpayer’s precious resources on health care, green energy and education does zero, zip, nada to cut deficits. This would be farcical if it were not so dangerous.
Hat Tip: Ace, who notes:
He’s taxing everything that moves, and that includes the public’s patience. And patience only tends to move in one direction. Down.
Ed Morrisey weighs in here.
They’re not doing everything they can do to eliminate the deficit. They’re doing everything they can do to make them exponentially worse.
Ed Morrissey has a new press conference thread, focusing on Obama’s deficit blame shifting:
And even more, the 2009 budget wasn’t Bush’s at all. The Democrats held up most of it, outside of defense spending, in order to wait for the next President. Instead, they passed continuing resolutions until pushing through the omnibus spending bill for the 2009 budget — which was signed by President Obama this month.
More to the point, Barack Obama was a member of Congress during the last four years. What did Obama do to reduce the deficits as the Senator from Illinois? What legislation did he author? What opposition did he provide to the high-spending policies of Nancy Pelosi and Harry Reid in 2007 and 2008?
As I was saying…:)