When the facts change, I change my mind. What do you do? -- John Maynard Keynes

Tuesday, March 5, 2013

Obama's Dream World of Unlimited Government Spending And Debt

Henninger: The Obamaian Universe - WSJ.com: ". . . . He (Obama) doesn't want to cut spending. He wants more of it. Forever. Public spending is beyond ideology for Barack Obama. It's the oxygen in his universe. This explains Mr. Obama's End-of-Days speeches the past week. Rationalists around Washington's professional budgeting community have been trying to explain that this apocalypse is entirely avoidable. The bureaucracies can move spending under many shells. But Mr. Obama really believes the stars will fall from the sky if spending declines. In Washington's standard model, it's all just politics. Mr. Obama is running an established strategy of driving public opinion to marginalize and ultimately defeat Republicans. Who could doubt it? But maybe it is also time to start taking Barack Obama at his word. Maybe it's time to come to grips with the fact that he sees the public economy of federal spending as the life force of the nation as no president ever has, not even Franklin Roosevelt. . . ."

Only problem--look at Illinois (or Greece, etc.) for the results of runaway spending and debt. Of course by the time the ____ really hits the fan, Obama will no longer be in office (that's the way Illinois Democrats have operated for generations--irresponsible fiscal policy is a way of life in Chicago and Illinois, so I guess Obama gets it naturally).


The Big Picture

Financial Crisis - The Telegraph

JohnTheCrowd.com | The Sailing Website

Craig Newmark - craigconnects