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Old 02-19-2009, 02:01 AM   #105
dude1394
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Holy Mackeral..this guy will say anything. My party got theirs...now let's tighten our belt.

http://deanesmay.com/2009/02/18/obam...of-the-sudden/
Quote:
WSJ: Obama to Shift Focus to Deficit

With a $787 billion stimulus package in hand, President Barack Obama will pivot quickly to address a budget deficit that could now approach $2 trillion this year.

He has scheduled a “fiscal-responsibility summit” on Feb. 23 and will unveil a budget blueprint three days later, crafted to put pressure on politicians to address the country’s surging long-term debt crisis.

The long-term deficit is indeed a major problem, one that needs to be addressed. I’m glad to see Obama raising the issue, and I hope he follows through with real entitlement reform rather than making a lot of noise and then failing to actually pass anything, or temporarilly patching the deficit with tax increases.

But if Obama’s serious about fiscal discipline, he should have started by not asking Congress for the spendulus.
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