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Jay Carney: Spending Cuts Are Deeply Irresponsible, or Something

gstephens Wrote: Dec 02, 2012 2:41 PM
Mr. Obama, like millions of his minion voters, seems to believe that there can be no financial concerns in this country since we can have the Fed print money to buy the Treasuries that China and other countries no longer want. Mr. Obama's lack of understanding of economics and financial matters is breathtaking. He shows an astounding ignorance of these matters considering that he is the smartest American president of all time. Maybe Einstein couldn't balance his checkbook either.

Shortly before President Obama told Republicans his $1.6 trillion tax increase wasn't "complicated" today at a toy manufacturing plant in Pennsylvania, White House Press Secretary Jay Carney told reporters that spending cuts are deeply irresponsible.

Q: One of the things Speaker Boehner said this morning was that any increase in the debt limit would have to be matched by or exceeded by further spending cuts. That's the same kind of rhetoric that we heard in 2011. Are you concerned that that is being used as leverage again in a way that could be damaging to the United...