Obama’s Fiscal Fallacy

President Obama continues to demand that the debt ceiling be raised, inferring that the nation’s bills will not be paid unless that ceiling is raised. His framing of economic issues skirts the truth and is done in such a way as to make him look like a rational and knowledgeable expert. The reality is that he is no expert; He is the problem.

Forty cents out of every dollar spent by the federal government is borrowed money and raising the debt ceiling only allows the government to borrow more money. It will not help reduce the debt or reduce the forty cents on the dollar borrowed. It will only help Obama increase entitlement spending to meet his personal, ideologically driven goals – by borrowing more money.

Obama has shown that the poor economy, high unemployment, and the enormous debt take a back seat to his personal ideology. This is why he fails to meet the legal requirement of submitting a budget by the first Monday in February. He has done that only once and will fail to do so again this year. In fact, he has failed to meet that requirement more than any previous president. It is not a priority on his agenda and legal requirements mean little to him.

Obama continually uses the blind faith many have in him, telling believers what they want to hear and spinning everything his way. It is the reason he was re-elected with an economy doing as poorly as it is and unemployment at such a high level. He uses rhetoric to solve economic problems in the minds of his followers while running up the tab fulfilling his personal agenda.

With no future re-election to hamper him, Obama’s arrogance is increasing as fast as the debt. His fiscal policies have been a farce and he is now aiming to ram through legislation on guns and immigration – through the back door. The bill for all of this will have to be paid eventually but by then he will be gone, leaving behind a costly and “fundamentally transformed” America for our children.

David J. Hentosh

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One Response to “Obama’s Fiscal Fallacy”

  1. Basharr Says:

    The problem sadly is that Obama does not care about fiscal sanity nor do a majority of the people who reelected him. I truly believe liberalism is a mental disorder.

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