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Obama: Deficit Is Bad, Can’t Cut Spending

From his amanuenses at Reuters:

(Click to enlarge)

Obama says fiscal situation "untenable"

Mon Oct 4, 2010

WASHINGTON (Reuters) – President Barack Obama on Monday said the United States was facing an "untenable fiscal situation" and would have to get serious about tackling its federal deficit.

The U.S. budget deficit is forecast at a record $1.47 trillion in the fiscal year that ended on September 30, 2010.

Obama said that emergency government spending measures he took to support growth and hiring when he took office last year had temporarily added to the funding gap, but the deficit had to be tackled going forward.

"I realize that we are facing an untenable fiscal situation," he told a meeting of his economic recovery advisory board to discuss strengthening the partnership between community colleges and the private sector. "What I won’t do is cut back on investments like education."

Obama’s Democrats, who face punishment in upcoming November 2 congressional midterm elections from voters worried about the country’s high deficit, argue their Republican Party rivals would cut spending on education.

This is the typical howl from the left whenever anyone mentions spending cuts. ‘You can’t cut teachers or firemen or policemen.’ Obama is just doing it on a national scale.

But look at the graph above. Somehow the United States survived for decades without any federal spending on education. And, since we have started spending federal money, education seems to have only gotten worse.

This article was posted by Steve on Tuesday, October 5th, 2010. Comments are currently closed.

2 Responses to “Obama: Deficit Is Bad, Can’t Cut Spending”

  1. wardmama4 says:

    I truly hate Demonrats who do this – “What I won’t do is cut back on investments like education.” Why not be fair, just and equitable by instead of picking and choosing a social engineering program that is worthless to imply that is what the Repubs want to ‘get rid of’ – make a single percentage cut across the board to all spending – on all programs. Then make Congress review the redundant, the wasteful and the worthless – and cut them by even a bigger margin in the next budget?

    Because politicos will never cut spending but will only raise taxes. And that is the Number 1 reason that these bums must be run out of town, put on Term Limits and be forced to live under the same retirement, pay raise and all laws that We The People must labor under.

    A long time ago, I was minding my own business sitting in a little cafe deal at the airport in Frankfurt Germany waiting to pick up a friend who was returning from a trip home to the US – I was reading the Stars & Stripes when a man is a white business shirt, tie and dress pants sat down next to me and said, ‘Isn’t that terrible’ – I looked at what he was pointing to and it was some meaningless story on Congressional voting re: military spending. I turned and looked at him and said, ‘If the Congressmen and their families lived like military people do for a week – it would get fixed immediately.’ And went off to be left alone. The next day I found out (also in the Stars & Stripes) that he was an aide to John Warner who was buzzing around Germany on a fact finding mission.

    These elites in DC do not care about anything other than amassing as much money as they can, getting re-elected and making sure they get and keep as much power as they can. They are all about as deep as Lindsey Lohan and about as important.

    Remember in NOvember and Take Back America

    God Help America
    A Proud American Infidel

  2. Liberals Demise says:

    This guy is beyond belief. I can’t believe that he actually understands the dribble he spews as he practices being the President.
    (and we have 2 plus years to go with this asshat)


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