With an election coming up, Obama talks about fiscal responsibility
9/9/2010 12:01:00 AM - John Hanlon
As ABC News' Jake Tapper reported
, President Obama said yesterday in his Ohio speech that "government should be lean" and "efficient". Such fiscally responsible rhetoric is antithetical to President Obama's record so far in office.
As CNS.com has reported
, President Obama's record is clearly not one of a fiscally responsible leader. CNS.com noted that "In the first 19 months of the Obama administration, the federal debt held by the public increased by $2.5260 trillion, which is more than the cumulative total of the national debt held by the public that was amassed by all U.S. presidents from George Washington through Ronald Reagan." Later on in the CNS article, the author noted that "In just the last four months (May through August), according to the CBO, the Obama administration has run cumulative deficits of $464 billion, more than the $458 billion deficit the Bush administration ran through the entirety of fiscal 2008."
r>With the election less than 60 days away, it is clear that President Obama does not want to talk about his administration's reckless spending habits. He doesn't want to talk about fiscal irresonsibility on the part of his administration. He wants to talk about fiscal responsibility. As
wrote, Obama said in his speech yesterday that he was "commited to fiscal responsibility."
In that same speech, Obama also said "Let's look at the facts." The facts show that despite his fiscally responsibile rhetoric, President Obama's records show a fiscally irresponsible leader trying to hide