Obama is Inconsistent
As predicted, there is another ‘crisis’ facing our country and this time it’s the raising of the Debt ceiling. This will come as no shock to Conservatives but in February we will reach the point where the US Government won’t have enough money to pay our bills which include our normal out of control spending and the interest on our national debt.
So right on cue, Obama told reporters on Monday that the debt ceiling must be raised. From the NPR story:
“Obama made the case that increasing the debt ceiling only lets the government pay its outstanding bills — and has nothing to do with future spending.”
Obama hoped that glossing over raising the debt ceiling would make us believe that this was something he has always been in favor of, even when our National Debt was less than $16 trillion.
Obama voted against debt ceiling in 2006 and gave a rousing speech on the floor of the Senate that I’d agree with today:
“Here are some of the key parts of Obama’s speech:”
“Mr. OBAMA: Mr. President, I rise today to talk about America’s debt problem. The fact that we are here today to debate raising America’s debt limit is a sign of leadership failure. It is a sign that the U.S. Government can’t pay its own bills. It is a sign that we now depend on ongoing financial assistance from foreign countries to finance our Government’s reckless fiscal policies.”
Increasing America’s debt weakens us domestically and internationally. Leadership means that ‘‘the buck stops here.’’ Instead, Washington is shifting the burden of bad choices today onto the backs of our children and grandchildren. America has a debt problem and a failure of leadership. Americans deserve better. I therefore intend to oppose the effort to increase America’s debt limit.”
But the low information voter doesn’t remember that so I’m sure they applauded the Short-Term-Memory-In-Chief today.
Obama is Financially Illiterate
In this press conference, Obama tried to make the case that increasing our debt limit (the amount of money we can borrow) is really just paying for current spending and not a real spending increase.
This kind of flawed logic is not a surprise when it comes from someone who has never had to run a company or meet a payroll or even balance his own personal budget. But when that same person is the President of the United States, we need to worry.
I’d like to play out Obama’s financial ‘plan’ in the world of the average American citizen.
Let’s say that for the past 10 years you’ve been living way outside your means. You’ve taken costly vacations, bought expensive cars and your credit cards are at their credit limit. You are now at the point where you don’t have enough money to pay your monthly bills. You can now choose 2 courses of action.
1 – Cut your spending, sell your expensive items and adopt a simpler life so that you can pay off your debt and start over. You must prioritize your bills to pay the higher priority ones first (mortgage, food, utilities, minimum payments on credit cards, etc.) and then dump the rest (cable, cell phones, internet, club memberships, vacations, etc.).
2 – Call your credit card companies and ask them to raise the limit on your credit cards so you can continue your lifestyle that is grossly outside of your means.
Most financially sane people would choose number 1 and even financially illiterate people who tried number 2 would be rejected by the credit card companies and then forced into option number 1.
Obama just said we need to adopt option number 2 and he is saying it in a manner that makes me believe he doesn’t understand the consequences of his actions. He’s financially illiterate.
Obama is Despicable
During the press conference, the same guy that has been using the tragedy of the Sandy Hook school murders to push for legislation to prevent law abiding citizens from exercising their 2nd amendment rights said this (emphasis mine):
“What I will not do is to have that negotiation with a gun at the head of the American people — the threat that “unless we get our way, unless you gut Medicare or Medicaid, or otherwise slash things that the American people don’t believe should be slashed, that we’re going to threaten to wreck the entire economy.” That is not how historically this has been done. That’s not how we’re going to do it this time.”
So it’s OK for Obama to talk about guns being part of the violent crime problem (when they really aren’t) but also use those same violent metaphors to further his socialistic agenda.