| Obama to Hold 'Fiscal Responsibility Summit' |
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| Written by Warner Todd Huston |
| Monday, 16 February 2009 05:08 |
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... So Who's Gonna Teach HIM?
February 16, 2009 -By Warner Todd Huston
But first we have the stimulus bill that Obama most likely plans to sign on February 17. That in mind, I ask the question: what does Barack Obama know of "fiscal responsibility"? Just days before he took the oath of office, Obama told reporters that he wanted to clean up the budget process and make sure government didn't spend wildly while he helmed the ship of state. "We need to send a signal that we are serious," said Obama of his "fiscal responsibility summit." In that same interview he claimed he intended to "stop the bleeding" of money wasted by Congress. Now that he is fairly in as president, though, Obama has pushed for and is about to sign the biggest spending bill in American history. Worse, he has taken no part in the creation of this bill while Congress has larded this "crisis" legislation with every manner of pork that can be imagined. Never has there been a bill more stuffed with needless spending and Obama didn't raise his voice once while Congress wallowed in pork barrel proposals. Yet, Obama thinks he is the one to lead a "fiscal responsibility summit"? It gives rise to the question, who's going to teach him ahead of this summit what "fiscal responsibility" even means? This weekend, the administration made like budget hawks. Along those lines, White House budget director Peter R. Orszag has committed to instituting tougher budget-discipline rules --once the economy turns around. Those include a mandate that any "nonemergency" spending increases be offset by equal spending cuts or tax increases. This is all well and good and nearly every president makes the claim that they will insist on spending cuts. Of course, what the administration, any administration, does not tell the people is that Congress controls spending, not the White House. The only way a president can affect the budget is by leadership and leadership is exactly what Obama did not exemplify during the creation of this porkulus bill. And, since Obama took no part in assuring fiscal responsibility with the biggest spending bill in history, why should anyone believe him that later he will hold Congress' feet to the fire on spending ? Just take a look at only a few items of pork in this stimulus bill... and remember, this bill is supposed to one for boosting the economy, not for regular government programs:
As I said, this is only a tiny list of the billions being thrown away on things that have absolutely nothing at all to do with stimulating the economy. Remember Obama claimed that stimulating the economy was an emergency and we needed it ASAP. Yet this bill has practically nothing to do with the economy at all. Most of the spending in this porkulus bill goes to big government agencies and projects that won't do a thing to stimulate anything but government workers and the organizations and lobbyists that supported Obama's bid for the White House. This bill is nothing but the biggest payoff to special interests in American history.
So, I ask again: WHAT does Barack Obama know about fiscal responsibility?
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| Last Updated on Monday, 16 February 2009 05:11 |