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Saturday, February 14, 2009

Obama Wants to Address Budget Deficit

This is almost too ridiculous to believe, but Obama is now going to preach to us about the large budget deficit. From the WSJ:

"It's important for us to think in the midterm and long term. And over that midterm and long term, we're going to have to have fiscal discipline. We are not going to be able to perpetually finance the levels of debt that the federal government is currently carrying."

Along those lines, White House budget director Peter R. Orszag has committed to instituting tougher budget-discipline rules -- once the economy turns around. Those include a mandate that any "nonemergency" spending increases be offset by equal spending cuts or tax increases.

The interpretation: the Democrat entitlement programs are now in place. We now will pass a rule that forces us to raise taxes. Lucky us to have such a concerned president...