Cutting the President some slack on Deficits

[AllentownJake]

The emerging narrative in political circles is that the White House has a deficit problem. Glenn Beck, over at Fox News, insists that Obama is "spending us into oblivion." Politico called the recent round of job-stimulus appropriations a "spending binge." Sen. Judd Gregg (R-N.H.) deemed this an era of "fiscal recklessness and irresponsibility," the extent of which is "shocking to the American taxpayer."

The drumbeat is loud enough to put Democrats on notice. The president has increasingly discussed the need to get the deficit under control in recent speeches. And in Congress, a proposal to set up a bipartisan commission to force deficit reduction is gaining steam among the party's more conservative members.

All of which may be vital, say budget analysts say. But the hysteria over the deficit misses a fundamental point: the country's fiscal problems largely aren't due to Obama but rather his predecessor.

http://www.huffingtonpost.com/2009/12/10/obama-grappling-with-fall_n_387121.html

I can't copy the pie chart on the article, but essentially 41% of the Budget is Bush's bailout.

[KrR]

1. The deficit is only a political problem not a real one....

for the short term anyway.

[EnlightenedOne]

2. As was planned

"they" know that the blinded R dummies will either buy their story out of true ignorance or willful ignorance. Rush was calling it the OBama Recession even before the inaugaration. They hate it when Obama reminds them of what he inherited.