Aside from throwing out a number ending in the word, “trillion,” what specific spending cuts are any of Obama, Boehner, Reid, the “Gang of Six” or anyone else proposing? When does anyone propose the the U.S. actually spend less money than it is currently spending?
If the government stopped wasting money tomorrow, the country would still go broke. Such is the magnitude of the entitlement state.
Every chief executive and every business owner in the country has had to prioritize spending since the economy went soft in 2007. It’s what executives get paid to do. But President Obama refuses to make spending choices. He prefers vilifying successful Americans as a sop to his hard left base.
For a few days on vacation with my family in the Rocky Mountains of Colorado, the cool air, the absence of a television and a paucity of cell service worked to shield me from the constant drip of bad economic news. But of course, it couldn’t last.
Were it not for those greedy private jet owners refusing to pay their “fair share” of taxes America could solve its deficit and debt problems. So says the Demagouger-in-Chief as he avoids actually addressing the problem.
Defending his economic policies in an appearance on NBC’s Today Show, the president again revealed a near total lack of understanding about business and free markets.
President Obama gave a speech in Michigan in 2009 in which he challenged his critics regarding the economy to “give it to me.” Fine, Mr. President. It’s yours.
What a cliché the ruling class sex scandal has become. They all follow the same pattern. Revelation. Denial. Cover-up. Confession. If only the pattern continued to its next logical step. Resignation. But, alas, it never does.
For ruling-class elites, there is nothing to recommend Texas. It is a miserable, Red State, George W. Bush-spawning hell-on-earth. So how, then, do they explain job numbers just released by the federal government?
The more you convince people to take goodies from the government rather than provide for themselves, the more votes you can count on come election day.
Bill and Marge have been hitting the VISA card each month to close the gap between what they earn and what they spend. Their reckoning is coming. The U.S. Government needs to learn from Bill and Marge.
Yesterday, Standard & Poor’s issued a negative outlook on the sovereign debt of the United States. Thus the U.S. joins an ignominious pantheon of bankrupt companies and failed socialist states.