Obama's Irresponsible Roll of the Dice

We know that for the past 40 years we have been walking, then jogging, then running towards a financial cliff. But with Obama in charge over the past few years...we have been literally sprinting towards it. And there are no signs anywhere that he has any intention of slowing down.

With that as a backdrop, the Obama administration just released it's $3.5 trillion dollar budget for 2012....and it is simply more proof we are about to hit the edge.

President Barack Obama's 2012 budget is a breathtaking economic gamble -- with other people's money.

The president chose to submit a profoundly unserious budget. There's no entitlement reform -- which would include addressing funding issues related to Medicare, Medicaid and Social Security -- to close the long-term fiscal gap. There's no tax reform. There are some minor cuts to marginal programs for show. But, overall, it's very much a business-as-usual budget, with a few new and expensive long-term commitments thrown in for good measure (see, for instance, the high-speed rail initiative).

It's like the president and his team woke up after the November 2010 mid-term election with a bad case of political amnesia. What deficit? What debt commission?

This isn't what the president promised when he ran in 2008, nor is it what he told voters as recently as one year ago. Over and over, he has promised not to "kick the can" down the road, as he says his predecessors did before him. Instead, he would provide real leadership to tackle the looming threat posed by out-of-control borrowing and debt accumulation. That was supposedly the reason for appointing the Bowles-Simpson National Commission On Fiscal Responsibility and Reform in the first place, to lay the predicate for engaging in a bipartisan effort to narrow medium and long-term budget deficits and reduce the risk of a debt-induced crisis.

NOW pay close attention to these last two paragraphs;

And if a debt-induced economic crisis does in fact hit the United States before political leaders have summoned the courage to take action themselves, the primary casualties will be the very people the president claims he wants to protect. If interest rates spike, the ensuing recession would throw millions more out of work. Government borrowing would become prohibitively expensive, necessitating deep and arbitrary cuts in programs serving the most vulnerable. It would be forced austerity, with no room for relief.

It would be far better to control our own destiny and choose the manner by which we impose more discipline. But the president has chosen otherwise, with risks for us all.

See it here; http://www.eppc.org/publications/pubID.4372/pub_detail.asp

Friends, we are being led to someplace that we do not want to go. Where are the strong leaders to make difficult decisions and rally the troops?? Sadly they are ignoring the severity of the situation and simply telling us what we want to hear in hopes they can get elected ONE MORE TIME.