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Political News and Commentary from the Right

The Spender-in-Chief’s Fiscal Freeze Follies

by Michelle Malkin at Townhall.com

There are more loopholes in President Obama’s proposed “spending freeze” than in an Olympic volleyball net. Gargantuan government entitlements (Social Security, Medicare and Medicaid) are exempt. A half-trillion in unspent stimulus money is exempt. Foreign aid is exempt. The Democrats’ proposed $154 billion jobs bill (Stimulus II) is exempt.

Pet federal education programs will be exempt (including $4 billion for the White House “Race to the Top” standards initiative and an additional $1.35 billion he just requested in the 2011 budget). Green jobs spending will be exempt. (Obama proposed $10 billion in new clean energy spending earlier this month.) Electorally driven tax-credit expansions will be exempt. The health care takeover plan is not included. As even The New York Times reported, the “estimated $250 billion in savings over 10 years would be less than 3 percent of the roughly $9 trillion in additional deficits the government is expected to accumulate over that time.”

Which amounts to a molecule in a drop of the ocean of red ink in which American taxpayers have been drowning.

The current Spender-in-Chief unveiled details of this lofty new work of political fiction on Monday with more fanfare than a new “Twilight” title. It was supposed to be the centerpiece of the State of the Union address. But by Tuesday morning, Obama’s illusion of fiscal discipline had been shredded left, right and center. By Tuesday afternoon, irritated White House spokesman Robert Gibbs was already downplaying the gimmickry. It’s just something Obama will “mention,” Gibbs bristled.

After campaign videos of Obama repeatedly deriding “hatchet”-wielding spending freezes spread like Kudzu across the Internet, official White House blogger Jared Bernstein tried to control the widespread hypocrisy charges:

“During the campaign, you may recall that John McCain touted option 1 — the hatchet approach of an across-the-board freeze.

“The President was critical of that approach then, …

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January 27, 2010 - Posted by | Obama | , , , , , ,

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