The Obama Administration’s Office of Management and Budget (OMB) has requested all federal agencies to cut their FY2014 budgets by 5%. Not too surprisingly, these “cuts” are being heralded as an example of new, fiscal prudence by every Democrat seeking office. If only. What the President is conveniently forgetting is that these cuts, if actually implemented, will only impact discretionary spending, and avoid the much bigger and more problematic entitlement spending that is the primary cause of our economic problems.
The president’s Simpson-Bowles commission told him more than a year ago that entitlement spending was the problem, but Obama and all other Democrat office seekers continue to ignore the facts. Worse yet, they continue to champion policies that will further erode our economy, pile on even more debt, and throttle the engine of growth and innovation.
Clearly, the White House doesn’t understand, and doesn’t care, that federal spending is bloated and can’t continue to grow at the pace urged by Team Obama. Instead, Obama continues his curious set of campaign stops where he consistently promises different interests groups more than the government can possible deliver.
Barack Obama seems to believe he has an infinite supply of goodies and benefits to shower upon his favorite constituents, for which no one ever will have to pay. And yet, the president’s merry, 2012 election campaign carnival continues, with a never-ending stream of unfulfillable promises, economic delusions, and further government support for bad habits and cultural rot.
The White House refuses to understand that every additional dollar our country borrows comes at a cost to our own weakened economy, our own weakened political clout and ultimately strains the economies of the other nations who buy our bonds and loan us money.
Nor does Obama understand that our debt has grown too high to be long sustained and annually running a $1 trillion dollar deficit is reckless. Instead, Obama is fully and completely focused on winning his next election. Obama’s campaign strategy consists of buying votes by promising the impossible, then taking money from one group of Americans to give to others.
In what will likely figure as the most irresponsible administration in the nation’s history, Democrat leaders in the White House and in congress have decided to ignore common sense and, instead, indulge their every pseudo-philanthropic whim—providing largess and preferences through expanded entitlements, all at the expense of the nation’s future economic viability.