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All Da King's Men

Yes We Can (Keep Running Federal Deficits)

By Da King Published: July 10, 2008

budget

One of the things that irks me most about the Bush Jr. era is how an allegedly Compassionate Conservative president, along with an allegedly Conservative Republican majority Congress, increased federal spending by over 30% and ran up unprecedented federal deficits, adding over $4 trillion to the federal debt. For the life of me, I can't find the "conservative" in such alleged Conservatives. I'm sure I heard something about Republicans being for low taxes and limited government. I'm certain I read that somewhere. Perhaps I was mistaken. Our federal debt comes to roughly $32,000 for every man, woman, and child in the country. The interest alone on the federal debt is over $400 billion every year. What's even worse is, if you add in all the unfunded entitlement liabilities for which the government has us on the hook, the REAL deficit is about $2.5 trillion each year. That's what we commit to as opposed to what we have paid for in future Medicare/Social Security and other entitlement programs. Those monies are not included in the federal budget. If that sounds like a lot of money to you, well, it should. What's even worse than that is, we are transferring wealth out of the United States to foreign countries at an astounding rate, never before seen in the history of our country. When we import nearly 70% of our oil from foreign sources, that's a nice fat wad of American wealth that is waving bye bye to America. China owns a sizeable portion of our debt as well. We are selling our country piece by piece to the highest bidder, living way beyond our means, outsourcing our jobs and industries, and then we wonder why our economy is stagnating.

Forrest Gump could figure this one out, but our politicians seem to be totally stumped (or bought).

So, we kicked the Republican Congress to the curb in 2006 (deservedly), and we put the Democrats in to replace them (undeservedly). And according to the polls, we are going to put a Democrat, Barack Obama, in the White House too (waaay undeservedly). Okay. It is what it is.

Before we put Mr. Obama in the Oval Office (or that other guy, old whathisname), maybe we should figure out what he'll do once he gets there, even though that's a near impossible task, since Mr. Obama's elastic policy positions don't lend themselves to much analysis. I almost feel bad now for calling John Kerry a flip-flopper back in 2004, because Kerry was a rock compared to Obama the human jellyfish. But let's give it a try.

The two presidential candidates discussed our enormous federal deficits a little the other day. John McCain promised to cut spending, cut taxes, and balance the budget by the end of his first term in 2013 (hey ! That's what Conservatives are supposed to do ! I knew I read it somewhere). Barack Obama, on the other hand, has a different take on federal deficits. He doesn't have any intention of balancing the budget, and it's not even a priority for him. From an Associated Press news story:

Not only does Obama say he won't eliminate the deficit in his first term, as McCain aims to do, he frankly says he's not sure he'd bring it down at all in four years, considering his own spending plans.

"I do not make a promise that we can reduce it by 2013 because I think it is important for us to make some critical investments right now in America's families," Obama told reporters this week when asked if he'd match McCain's pledge.

So there you have it. McCain will attempt to balance the budget, and Obama will attempt to spend a ton more taxpayer money with no regard to the budget, deficits, or debt. It's not hard to find the Conservative between those two. It's also not hard to find the economically sound approach between those two (Hint - it isn't Obama). When the economy is already stagnant or in recession, raising taxes and spending to new astronomic levels is a recipe for disaster. It's almost like Obama WANTS to drive the country into recession. Either that, or he just doesn't understand economics. The more likely scenario is that Obama doesn't understand economics. After all, he doesn't have any experience balancing budgets, managing economies, or even running a business, to go along with his no military experience and scant Congressional experience. Why is Obama the nominee again ? I keep forgetting. Oh yeah, he's a good public speaker (isn't there an old saying about 'bull-something walks' ? Oh well, too late).

Here's a thought - Since Obama wants to run up more deficits and increase spending (like Bush did), and McCain wants to balance the budget and cut spending (unlike Bush)......DOESN'T THAT MAKE OBAMA THE ONE WHO IS THE SAME AS BUSH, AND MCCAIN THE ONE WHO IS FOR CHANGE WE CAN BELIEVE IN ????

Vote for Barack Obama, for a Bush third term.

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