President Barack Hoover Obama’s editorial

Oy:

Neither party is blameless for the decisions that led to this debt, but both parties have a responsibility to come together and solve the problem. That’s what the American people expect of us. Every day, families are figuring out how to stretch their paychecks a little further, sacrifice what they can’t afford, and budget only for what’s truly important. It’s time for Washington to do the same.

Actually, one party IS fairly blameless here: there’s a reason they’re called the Bush tax cuts and the Bush wars. This false equivalence is a crock of shit, and the president knows it.

But what really annoys me is this whole “Washington needs to tighten its belt just like American families.” Bullshit: if you want to talk about the need to “budget for what’s truly important”, you need to jettison those tax cuts the President extended a few months ago, and invest in jobs. And THAT, my friend, means deficit spending, just sensible deficit spending.

American families, when they need something out of reach, ALWAYS spends beyond its means. That’s what a home equity loan is. That’s what credit cards are for. Sometimes this kind of deficit spending is stupid, like when a person uses a home equity loan to go on a big vacation. But often this kind of deficit spending is quite well-advised, like when I refinanced my house to make some repairs (improving the value of my home for resale) and to pay off some high-interest credit card debt (dramatically lowering the interest rate I was paying, and improving my cashflow).

But Obama wants to “go big” on a debt deal. But he had the chance to do that a few months ago, and instead knuckled under to the Republicans, extending the Bush tax cuts. You wanna go big? END THE WARS AND END THE TAX CUTS.

It’s a revenue problem, not a spending problem. And the president surely knows this.

One thought on “President Barack Hoover Obama’s editorial

  1. “You wanna go big? END THE WARS AND END THE TAX CUTS.”
    That should be today’s front page headline in every single newspaper across the nation (online or not). THE MONEY QUOTE!

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