I'm a Pundit Too

Thursday, June 11, 2009

More Political Posturing By Obama On Spending

President Barack Obama has decided that all of this reckless spending has to stop. He has told Congress that they must now cut $1 from somewhere else in the budget for every $1 that they spend. The concept is not an original idea; in 2006 the Democrats gained control of Congress with promises to turn the tide of Republican spending. They promised to never introduce a spending measure without a means to pay for it. Of course, in the 2 years following their takeover of Congress they simply ignored their own rules. They added $398 billion in deficit spending without any concern for being seen as hypocritical.

For a bit of perspective, $398 billion is a mere drop in the bucket when compared to the $1 trillion forecasted by the Congressional Budget Office to be added to the deficit spending for every year for the next decade. Of course, the President added a few caveats to his “pay-go” requirement. He conveniently provided an exception for his health care reform spending which has been forecasted to cost the taxpayers at least another $1 trillion in deficit spending. To make matters worse, Obama warns that now is the only time to pass health care reform. He is trying to gin up fear to provide pressure on Congress to pass yet another disastrous spending measure. At this point with nearly $12 trillion in projected deficit spending over the next 10 years, why should we care about spending an additional $1 trillion of money we don’t have?
I believe that the rush to pass the President’s socialist dream is because the administration knows what 2010 will hold for the party in power. They realize that sooner or later the American people will wake up to how disastrous the policies of throwing taxpayer money around to seize control of more of the private sector really are. They are petrified of trying to pass this health care boondoggle during an election year. Recent polls have shown that while approvals of Obama personally remain in the 60% range, approval of his individual policies is dismally low. I fully expect the White House and their loyal sycophants in Congress will try to ramrod health care reform through with very little chance for the voting public to actually read and understand what is in the bill. Early in President Clinton’s first term, health care reform was one of the primary goals on their agenda. Their reform did have broad support until the voters knew the details of the reform. The voters expressed their opposition to the government power grab and the Democrat controlled Congress quickly folded under the pressure. I believe that the Obama administration will try to force their reform quickly through with very little debate to try to avoid the inevitable voter backlash. Of course, as much as Clinton was loved by the left, he never enjoyed the near religious following that Obama does.

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