Friday, March 27, 2009

Pay No Attention to All Those Red Lines - After All I Inherited a Deficit


At his press conference, the President repeatedly evaded answering questions about whether he was sticking our children with paying for our overspending. As I recall, his arguments were:
1) I inherited a big deficit. How that justifies going on to triple the deficit you inherited totally escapes me.
2) It's either do what I propose or do nothing. STRAW MAN ALERT. There really is no course of action somewhere between doing nothing and running up $9.3 TRILLION in deficits?
3) If we don't spend all this money on education and healthcare, there's no way our economy is going to grow at even 2% HUH? Which economy has been the growth engine of the world, the US, or the European socialist states Pres Obama wants to turn us into? And how does throwing more money at our woefully inefficient education system, without reforming it, promise to generate any return on our "investment?" Thus far, federal spending on education has been pretty much inversely related to the global competitiveness of our education system.

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