The government will do "whatever it takes" to revive the economy, Obama said. That means "we shouldn't worry about the deficit next year or even the year after," he said, adding that in the short term, "the most important thing is that we avoid a deepening recession."
"Whatever it takes"? "Whatever"? Biggest lie of the millennium right there, folks. (Biggest lie of the previous millennium? Satan convincing people he/it doesn't exist.)
Here's one thing the government will not do, which perhaps ironically is the one thing that will save the U.S. economy long-term: reduce its size dramatically.
Just to balance the standing budget, we'd need to lop 15% off the top. That's 15% from EACH and EVERY department. Add the questionable financial "bailout" package and that figure rises to 43%. JUST TO BALANCE THE BUDGET.
Imagine if you were 43% in the hole next year. How long would you last?
This doesn't even address the $11 TRILLION public debt we have amassed. That's $37,000 for every American. Not every household or taxpayer, every American.
I don't know about you, but I don't have that right now. In fact, my retirement assets have declined recently more than that figure, so how about we're now square, okay government? Seems only equitable, seeing as your fiscal policies fueled my losses. Want my $37,000? I'm referring you to Congressman Barney Frank and Senator Chris Dodd.
Oh, I almost forgot the unfunded entitlements, i.e. Social inSecurity and MediScare. Some estimates place those around $50 trillion. That's another $170,000 on top of the $37,000 you owe. You can get yourself a pretty nice house in some parts for $207,000. That's what the Congress has either already spent or has promised to spend on behalf of each and every last one of us.
Back to this notion that the government will do "whatever it takes" to ensure a healthy economy, having the alcoholic design his recovery plan is a solution doomed to failure.