Do you believe Rep. Paul Ryan when he says we only have a few years left to get our fiscal house in order, or we're going to face European-type austerity? How about the co-chairmen of the bipartisan deficit commission, Alan Simpson and Erskine Bowles, who have essentially issued the same warning?
Have you taken a hard look at President Obama's 10-year budget with a view to whether it would marginally address the crisis? Are you aware of the gargantuan deficits it projects -- averaging some $1 trillion per year -- and that this is before considering the Congressional Budget Office's scoring that revealed that its projected cumulative deficits were understated by a staggering $2.3 trillion?
Did you know that entitlements -- mainly Social Security, Medicare and Medicaid -- are the primary drivers of these deficits but that Obama has yet to come to the table with a genuine entitlement reform proposal? Or that congressional Democrats, for the first time since 1974, did not pass a budget and all of the current wrangling over continuing resolutions and government shutdowns is a direct result of their dereliction?
Can you explain why President Obama, touted as the finest orator in the modern era, didn't exercise leadership over his Democratic lieutenants in Congress to quit playing fiscal Russian roulette? Or why those Democrats proposed just $6 billion in further budget cuts for the remainder of this fiscal year -- and then, only under GOP pressure -- when the budget is $3.8 trillion? Or why they are characterizing the GOP's proposal of $61 billion in cuts (1.6 percent of the budget) as "Draconian"?
You surely know that President Obama has ceaselessly dodged his fiscal responsibilities by blaming his budgets on the $1.3 trillion deficit he "inherited." But how about that he was instrumental in ensuring the passage of the Troubled Asset Relief Program, which contributed heavily to that then-extraordinary deficit number, and that even so, the actual number is substantially lower when you factor in the TARP repayments?
Regardless, don't you think it's fair that we hold him accountable for what he's done since he assumed office? Or should we just let him run against President Bush's record again in 2012, blithely pretending he's been an impotent bystander for four years?
Consider Obama's audacity in scapegoating Bush for deficits that he was instrumental in creating and then proposing, as a solution, an $800 billion pork-laden stimulus bill and trillion-dollar deficits as far as the eye can see.
In Honor of His 103rd Birthday, Here Are The 20 Best Quotes From The Late, Great Milton Friedman | John Hawkins