This guy is insane......................
Obama vs GOP: 'Fiscal responsibility': The Swamp
President Barack Obama hopes to turn the tenor of the political debate this week from unprecedented and massive new spending to "fiscal responsibility.''
He will do this with the presentation of the outline of a new federal budget, a 2010 spending plan that the White House says will pave the way for cutting the federal budget deficit in half by the end of Obama's term.
Even with the targeted cut, however, the $533 billion deficit that the Obama White House projects by 2013 stands higher than the record achieved by his predecessor, former President George W. Bush, who inherited a budget surplus from Bill Clinton.
The Obama administration will attempt to add some truth-in-budgeting to the debate: Placing the costs of the war in Iraq inside the boundaries of the federal budget, for instance. Bush largely ran the war off the books, which forced Congress to periodically vote on massive supplemental war budgets that he could control - vetoing any attempt to attach timelines for troop withdrawals to the spending - and keeping it outside the boundaries of the budget deficit.
The federal budget has been an exercise in "deception," Obama said today, promising that his first budget will give a "full accounting" of what the government intends to spend.
If the federal debt isn't curbed, he added, "we risk sinking into another crisis down the road as our interest payments rise, our obligations come due, confidence in our economy erodes."
The president has staged the run-up to his budget rollout with a series of responsibility-minded statements: A fiscal responsibility summit at the White House today, an address to a joint session of Congress Tuesday night in which responsibility is certain to be a catchword, and then the budget itself - an outline really, with the fuller explanatory document coming later, perhaps April.
Yet, the Republicans who voted against the $787-billion economic stimulus that the president won four weeks in office, now say he can start making good on the promise of "fiscal responsibility" by enforcing a spending freeze.
(Photo of President Obama at summit by Ron Edmonds / AP)
"President Obama has called for both parties to get serious about fiscal responsibility,'' says House Speaker John Boehner (R-Ohio), attending Obama's summit today.
" With our budget deficit potentially reaching $3 trillion this year, Republicans stand ready to work with him, and we believe we should start right now," Boehner said. "Democratic congressional leaders should abandon their plans to rush another giant spending increase through Congress without public scrutiny, and instead pass a clean bill that freezes spending at current levels.''
These would be the same Republicans who enabled the former president to boost spending, and budget the war outside the budget, driving the annual deficit well past $1 trillion as Obama arrived at the White House. Now they can help him cut the deficit in half.
As for today's summit, Daniel J. Mitchell, senior fellow at the Cato Intitue, says: "A so-called fiscal responsibility summit at the White House is a bit like an AA meeting in a brewery. The Obama administration just saddled Americans with a $1 trillion package of wasteful spending, yet the White House wants us to believe that it's now time for fiscal sobriety.''
Yet, if the White House is the brewery, isn't Capitol Hill the field of hops?