Great news! The person whose deficits look like this…
…is going to offer a plan to start getting America out of debt. If his plan doesn’t begin “Step 1: Resign from office” I won’t have much faith that he’s serious about deficit reduction:
With one budget fight behind him, President Barack Obama will offer a long-term plan for deficit reduction this week in preparation for bigger U.S. spending battles ahead, the White House said on Sunday.
Senior White House adviser David Plouffe said Obama would explore savings in defense spending and the popular Medicare and Medicaid health programs for the elderly and poor as he seeks ways to reduce the $1.4 trillion annual deficit.
Repeal the disastrous and expensive health care plan and reel back in the unspent stimulus money? Nevah!
Ten bucks says Team Obama’s deficit reduction plan involves spending more money. It has to — they don’t know how to do anything else.
Like Sheriff Joe said a couple of years ago — you have to spend money to keep from going bankrupt.