Why should we believe that the Progressives, led by President Obama, are serious about the debt and fiscal crisis? Afterall, the President earlier in 2011 submitted a budget that not only didn’t show any concern for the spending levels or the trend line of deficits, he was going to run them up for another decade (see below).
Given that fact, we are to take seriously that President Obama is actually concerned about deficits and the debt? What turned him around?
Could it be that he didn’t understand the severity of the problem? If so, he’s incompetent.
Could it be that he realized that invoking yet another crisis such as sitting back and letting the debt ceiling and budget battle reach a boiling point would create opportunity for him to take advantage of it politically? If so, he’s no leader but merely a “politics as usual” politician that he claimed he was not in his campaign for President in 2008.
You choose which one. Either way, we as Americans are gonna lose.
August 2, 2011 at 4:22 pm
[...] from where we were with the President’s first pass at addressing our fiscal challenges (see previous post on President Obama’s 2012 budget), and where the conventional wisdom was just a couple months [...]