Obama Claims That Debt Is Under Control

Viktor E. Frankl said: “Between stimulus and response there is a space. In that space is our power to choose our response. In our response lies our growth and our freedom.” Now, this quote is not meant to refer to Obama and his spending policies, but I found it quite illuminating in thinking over what Obama has done and said. This President has accrued approximately $6 trillion in debt. He created a commission–the Simpson/Bowles Commission–to deal with speeding and debt; then summarily disregarded their proposals when they didn’t fit within his framework of super spending. Now Barack Obama is claiming victory over debt.

During his weekly radio address, the President said this:

“Over the last few years, Democrats and Republicans have come together and cut our deficit [over the next decade] by more than $2.5 trillion through a balanced mix of spending cuts and higher tax rates for the wealthiest Americans…That’s more than halfway towards the $4 trillion in deficit reduction that economists and elected officials from both parties say we need to stabilize our debt.”

According to USnews.com:

“Federal spending approaches nearly $4 trillion each year. President Obama himself has been responsible for the five highest deficits in U.S. history, and future deficits are projected to skyrocket…President Obama has succeeded in making this debate about the tax rates of two percent of the population.”

With that in mind, let’s think about what Obama said in his address. First, in his claim, he implies that Republicans would be satisfied with what has been “accomplished.” Second–and most impressively in my book–he has the audacity to claim that our debt problem is being solved with a “balanced” approach of spending cuts and higher taxes on the top two percent.

Conservative Republicans are certainly not satisfied with this debt reduction program. But above all, the so called balance between spending cuts and higher taxes is completely bogus. The revenue raised from taxing the top two percent would not even begin to cover any meaningful amount of our national debt. You could take every penny from the top earners in our country, and hardly make a dent; and there is ample evidence to support this.

Any spending cuts that have been discussed (real or imagined; such as the classic “closing loopholes” drivel) have been offset by legislation like Obamacare, and Obama’s stimuli. Shattering the Obama administration’s estimates, Obamacare has already begun to defy its laughably “budget neutral” status. In addition to that, this administration has spent billions on stimuli that have failed in almost every respect. Just as USnews.com wrote, Obama is the spending King–or should I say Czar?

Between stimulus and response, there is a space. What have we done in the space since the stimulus? What can we do now? Within this space we have been provided; the space we have every day, with talk radio, FOX News, and alternate media; lies our power. In this space is our freedom to make a difference. This space; this moment in time after we were defeated, is the most precious time. We may have lost, but that doesn’t mean we are defeated; far from it. We are now the watchdogs.

Obama has stimulated the American beast; sending a shock through our sense of logic and propriety. We have the power to yell, and scream, and tell him that this debt crisis is far from over. We have the power, period.