After Tripling The Deficit Obama Says It’s “Time To Get Serious” About Reducing National Debt

Proof • November 4, 2009

I’ll believe it when I see it:

Nov. 2 (Bloomberg) — President Barack Obama said the U.S. economy has pulled “back from the brink” and the government must now “get serious” about reducing debt and helping spur job growth.
Addressing a panel of economists and business and labor leaders, the president said the government and private industry must take “bold, innovative action” to bring the unemployment rate down and lay the foundation for future growth.
“We just are not where we need to be yet,” Obama told his Economic Recovery Advisory Board, headed by former Federal Reserve Chairman Paul Volcker. Along with helping promote job growth, “The government is going to have to get serious about reducing our debt levels.”

Here’s a hint: Stop spending money.
Cancel the rest of the stimulus, which is creating jobs at the cost of hundreds of thousands of dollars per job and billions in new deficits for future generations to pay off with interest.
Stop stupid programs like “cash for clunkers” which provided $4,500 vehicle purchase subsidies at an expense of roughly $24,000 per subsidy.
Stop pursuing the health care bill which will be a massive new entitlement program that will contribute billions to our national debt.
Stop pursuing expansions of government regulations on our economy like expanding unemployment entitlements and the minimum wage. These things are a burden upon the economy and stifle economic growth and prosperity.
Put simply, if Obama would stop growing the government in general we could get to a point where we could start paying down our national debt. But Obama doesn’t want to do that, because from an independent and self-sufficient populace he wants a nation of Americans dependent on the government. Because that gives people like him, instead of people in general, the power.

Tags: Asshats, Domestic Issues, Politics

http://Array sayanything-9974

let me see if I got this. It’s now time to “get serious” about reducing debt and helping spur economic growth. I guess he was just clowning around before. The problem all along has been the ever expanding government spending. Fiscal responsibility should be mandatory. The government should be held to the same measures and standards as everyone else. If you have overspent the budget then you must cut something out. The government never does with less – they only increase the burden on the public. The government can’t solve the problem – they are the problem. Term limits and full disclosure of campaign finances are ideas that should be implemented – no loopholes or wiggle room. The coruptocrats must go, all of them. I fear there is little chance that the foxes will give up the henhouse.
http://upyours.com/ robert108

It’s really pretty simple: Encourage private sector profits by cutting tax rates on income, eliminating taxes on capital formation, eliminating obstructive regulations that rig markets for predetermined social outcomes, and cut spending, cut spending, cut spending!
Gus

If Bush threw you off a cliff, you’d have to continue the course all the way to impact before you could work on improving the situation, too.
sayanything-4078

Here is a classic case of Obama trying to do everything for everybody. He is realizing his popularity is diminishing and he wants to stop the freefall of his percentage points in the poll ratings. He fails to realize that we are not as dumb as he would to think and for those of you out there who are, He is speaking to you.
http://sayanythingblog.com robport

Isn’t that really just a variation on “we had to destroy the village in
order to save it?”

The problem Bush created had to do with too much government growth and too
much spending. Obama is trying to fix it with more government growth and
more spending.

Makes no sense.

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After Tripling The Deficit Obama Says It’s “Time To Get Serious” About Reducing National Debt

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