Last week, President Obama signed into law a $787,000,000,000 spending bill. About 70% of the bill is pure government spending (including using tax dollars to repay irresponsible borrowers' mortgages) and the rest tax cuts. $787 Billion Dollars. Our deficit is now about 10% of GDP. After cheer leading spending in the Senate and now expanding government spending from the White House, Obama now calls for a "fiscal responsibility" summit.
This sounds like a Clintonesque listening tour where you gather everyone in a room purportedly to hear their views and you end up cramming down your logic for more spending. To top it off, the "summit" is being hosted at a the White House State Dining Room (at taxpayer expense). Fiscal Responsibility is sorely needed in this Country. Our social programs have morphed from a safety net to help those most in need to an entitlement program where everyone participates in the redistribution of wealth. Pork barrel politics remains a fixture of legislation. Tax and spend is the hallmark of our government - whether by the liberal left of conservative right. Government is too big; it takes up too much of our economy; it burdens real economic growth.
President Obama is an advocate of big government and big spending. Don't give me this lip service crap that he is truly interested in fiscal responsibility. If he was, he would let the insolvent banks go bankrupt instead of using taxpayer dollars to line the pockets of the banks' executives. He would allow market prices to find their natural levels without government interference. He would veto pork spending by Congress - including most of the wasteful and useless programs in the $787 billion spending bill. On the revenue side, he would make sure people in his administration pay their taxes like we are asked to do. It is an insult to America to call for a "fiscal responsibility" summit when you don't believe it. Stop the nonsense. Just stop. The link to the story from the Washington Post is below.
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