The World Thru My Eyes - I speak my mind and man does it like to talk.
Published on February 23, 2009 By CharlesCS In Politics

OK, so now President Obama is talking about cutting the deficit in half before his first term; and his solutions? Something we all knew he would eventually do and many have said is a bad idea. Raise taxes on the rich during a recession and cut spending on the wars. I don't mind cutting spending on the Iraq war for we are doing pretty good over there but it all depends on how much he plans on cutting; then there is Afghanistan, a war Obama is actually in favor of and plans on sending more soldiers (if he hasn't done it already, can't remember). But raising taxes?

Maybe I'm just stupid or something, but how exactly does one go about preaching "fiscal responsibility" and claiming to want to cut the deficit in half within 4 years just after signing and approving the largest spending bill ever in US history? A bill passed in less than 2 weeks, claimed to have so much pork in it we can make a BBQ with it and still to this date we don't know the full details of this bill. I just don't get it, I just don't. Pet projects, spending money on things that will, obviously, not stimulate the economy, and to top it off not even give the bill a chance to be throughly examined before approving it leaving the entire nation wondering what exactly was in this bill.

But, who am I to judge, criticize or complain about this bill and President Obama's ideals? I have no political experience, no economics education, very little understanding on how the Gov't works. But wait... I am a tax payer. It's my money that is being thrown around like there is too much or it's endless so my say is probably bigger than even the Presidents himself. Why? Because it is us taxpayers who put him there, whether we voted for him or not.

Can someone please explain to me how does one approve a massive spending bill like the one Obama just approved and then a few weeks later claim to wanna cut the deficit in half? I must be too stupid to get it and am willing to have a clue given to me. If it makes sense of course.

BTW, those same people we are bailing out with all this money from both stimulus packages? They are the same rich people Obama plans on raising taxes. Or did you think poor people own the big 3 car companies, banks and all those other companies going under?


Comments
on Feb 23, 2009

O hes gonna do more than tax the rich my friend if he is going to follow though with this cutting of the defisit... hes gonna tax the shit out of the middle class too.... actually everyone working is gonna get taxed to hell. Only way he can do it. O and this "pork" bill they passed had alot of stuff that will be in the budget for years to come... so its not like all that money is just a one time thing....

on Feb 23, 2009

Can someone please explain to me how does one approve a massive spending bill like the one Obama just approved and then a few weeks later claim to wanna cut the deficit in half?

As I have said elsewhere, he will pass emergence spending bills each year.  Then when the regular annuel budget comes around he will cut that.

It is just the old shell game.  In the end he will claim he did balance the budget.

on Feb 23, 2009

In the end he will claim he did balance the budget.

Well, as many say on the radio, Obama can do no wrong, at least the Media will try to show that.

on Feb 24, 2009

Hmm, no defense towards Obama? Strange.

on Feb 24, 2009

CharlesCS
Hmm, no defense towards Obama? Strange.

Perhaps they realized the foolishness of trying to spend your way out of debt?

/wishful thinking

on Feb 25, 2009

CharlesCS
Hmm, no defense towards Obama? Strange.

 

 

o they are still out there... but the numbers a growing slim by the day... then there still are the nut riders that cant see though the BS

on Feb 25, 2009

Can someone please explain to me how does one approve a massive spending bill like the one Obama just approved and then a few weeks later claim to wanna cut the deficit in half?

Ok - the spending bill is a temporary measure to help the economy through the (rec/depr)ession. However longer term the deficit will need to be reduced (and ideally removed). So you could look at reducing the deficit in the absence of the temporary spending plan, so that you meet this long term aim, even if in the short term you're not actually reducing it because of that temporary spending plan.

In other words, to look to reduce the deficit excluding the temporary spending measure. I don't know if that's what Obama means, but that's one possible explanation. You are right though in that when looking at the overall picture it is contrary to increase spending and cut the deficit (unless you plan on a big increase in tax revenues which wouldn't be the case here and would also contradict the point of the spending).

on Feb 25, 2009

aeortar

Can someone please explain to me how does one approve a massive spending bill like the one Obama just approved and then a few weeks later claim to wanna cut the deficit in half?
Ok - the spending bill is a temporary measure to help the economy through the (rec/depr)ession. However longer term the deficit will need to be reduced (and ideally removed). So you could look at reducing the deficit in the absence of the temporary spending plan, so that you meet this long term aim, even if in the short term you're not actually reducing it because of that temporary spending plan.

In other words, to look to reduce the deficit excluding the temporary spending measure. I don't know if that's what Obama means, but that's one possible explanation. You are right though in that when looking at the overall picture it is contrary to increase spending and cut the deficit (unless you plan on a big increase in tax revenues which wouldn't be the case here and would also contradict the point of the spending).

Except that a lot in the stimulus is not temporary spending at all.

on Feb 25, 2009

Ok - the spending bill is a temporary measure to help the economy through the (rec/depr)ession.

Not sure how this being temporary (which as VareRaith points out is really not) makes a difference. It's 800 billion plus interest added to the current deficit we have, not to mention the idea of free healthcare, more money for unemployment, Social Security, etc. being added as well. How this is all temporary is beyond me and a pointless argument. You don't spend money on one hand (temporary or not) and them claim fiscal responsibility on the other. Especially with a bill full of pork, and the there us the budget that's looming in Congress or the Senate. God help us.