Debt Reduction and Dirty Lies

This article by David Boaz was posted before President Obama’s State of the Union Address.  As predicted, Obama did not commit to anything substantive in debt reduction.  The “freeze” proposed by the President is chump change by most anyone’s reckoning.  It will do little to address the fundamental problem of our debt ($14 trillion, give or take) and is disingenuous in the extreme, given the orgy of spending the last two years represents.

His proposal does not touch numerous big-ticket items, nor is there any assurance that it will be renewed each year, as required by the budgeting process.

Whether the freeze would continue for the length prescribed is also unclear. As the report notes, the freeze must be re-approved every year, given the nature of the budgeting process. As Obama’s program would affect only discretionary spending, it wouldn’t touch Medicare, Medicaid, Social Security, the Defense Department or Homeland Security, Bloomberg News notes.  (Bloomberg News as cited in The Huffington Post)

Obama is also insistent on keeping health care intact.  Tweaking that disaster of a program will be like putting a band-aid on cancer.  It is clear that the President either does not understand simple math or he believes we don’t.  I suspect the latter.

It took me a while to digest just how surreal the SOTU address was until I realized that he wants 80% of Americans to have access to high-speed rail by 2035 and have 80% clean energy by the same date.  At the rate we are going, we will be lucky to have shoes and candles by 2035.

It is becoming increasingly difficult to think of Barack Obama as a serious man.  No one with an shred of dedication to the truth can offer up such a cynical and ridiculous package.  Worse, Obama’s disdain for the intelligence of the American people is becoming more and more apparent.  He seems to believe that by pretending to like the private sector in the first part of his speech, we would not notice his obsession with spending in the second part.

2012 is looming, and the neutral political observer part of me is going, “What the *&^% is he thinking?”  Surely he does not believe he has won over the center.  Even if it were designed as a political ploy, one must pause at the sheer idiocy of his tactics.  As a people, we have numerous faults, which I am not bashful about enumerating in this blog.  But we are not that stupid.  Are we?

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About Terry Noel

I am an Associate Professor of Management and Quantitative Methods at Illinois State University. My specialty is entrepreneurship.
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One Response to Debt Reduction and Dirty Lies

  1. Deb S. says:

    We all have our moments? 😀 Stupidity-wise, that is. We’re all human, we all have favored causes to whose benefit we will suspend rational thought, at least temporarily. I suspect no one really honestly wishes to believe what is becoming more clear about this man. It’s frightening. One wishes to believe the leader of their country would not take actions destructive to their country. But then, that wish plus two dollars will get me a cup of coffee, as long as I don’t go to *insert designer coffee shop of choice here*.

    I always enjoy reading your posts. Thank you. 🙂

    Like

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