Saturday, May 16, 2009

We can't keep "deficit spending"? Says Obama?

Obama Says U.S. Long-Term Debt Load ‘Unsustainable’

You don't say! Wow. Obama said that? Of course, millions of economists and level-headed conservatives have said that for a long time, but when I saw the headline, I said, "Okay, what's the catch?"

Here's the catch:

1) He co-opted the idea that we're spending too much to take the wind out of the easily-confused House Republicans' sails
2) He's ignoring the fact that the spending was his idea in the first place.
3) He's pretending that it's MEDICAL SPENDING that's driving inflation and not the trillions of extra dollar bills the treasury department is printing.

Not a bad piece of politicking. Frustrating for those of us whose brains work and don't worship the ground he walks on, but for everyone else, how wonderful.

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