The parable of King Obama: And his magic budget

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kokonut

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Good article.

Just as we should not take literally the modern political parable of good King Barack Obama who saved the country from Bad King Bush's "depression" by spending us into prosperity.

Liberals find the story of Good King Obama and his magic budget comforting.

But if any president could fix a deficit by printing and spending more money, everyone with a Monopoly game would be rich. That's how fiscal responsibility works and everyone who's ever had to balance a checkbook knows it.

To balance a budget there are no magic beans, unicorns or free lunches. Be it your family budget or the nation's budget, spending more than you make does nothing but create more debt. And the quicker Americans reach a "Jonah" moment with that truth, the sooner we'll have a shot of returning to economic stability.

Not long ago, while using Las Vegas as a straw man to warn against splurge spending, President Obama said government must control spending just like "families across the country are tightening their belts."

But like just about everything else this president says, his deeds run counter to his words.

And so last week it was announced that Obama had "tightened" government's belt in exactly the opposite way "families across the country" do. He spent a boatload more in February, piling 14 percent ($220.9 billion) more red ink onto the deficit.

He's now taken the country to new deficit heights. His spending will total $3.5 trillion for the first half of his first term. As Jeffrey Anderson wrote recently in Investor's Business Daily, "Obama's deficit spending for his first two years in office will exceed Bush's deficit spending for his entire eight-year presidency."
SHERMAN FREDERICK: The parable of King Obama - Opinion - ReviewJournal.com
 
Hmmm.....:hmm:. Weren't you just discussing irony in another thread?
 
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