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Obama: Incorrigible Statist and Debt Menace

April 18, 2011

Via Human Events

One might have expected that a newly elected president who had “inherited” such a disturbingly high deficit, a growing national debt, and a forecast of unfunded entitlements soon to explode because of baby boomer demographics alone would roll up his sleeves and tackle this deficit and debt problem.

Instead, Obama saw that $1.3 trillion deficit, licked his Marxist chops, and used it as an excuse to double down on the profligate spending that was driving our budgetary problems in the first place. He proposed — and secured — an $800 billion “stimulus” package.

With messianic winds at his back, Obama proceeded to implement the plan, which couldn’t have even qualified as a bona fide stimulus measure in the eyes of an avowed Keynesian. It was a combination of political paybacks, pork and unprecedented waste, with millions going to phantom ZIP codes under the watchful eye of Obama’s stimulus cop, ol’ sleeping Joe Biden. Adding insult to the sham claim that this money was designed to stimulate, just a fraction of the money was spent in the first year.

Hindsight confirms what many of us predicted: The stimulus did not stimulate. Unemployment became much worse, and the debt continued to explode. Obama’s solution was to ignore the entitlements issue and devise new ways to bankrupt the nation, from cap and trade to Obamacare to reversing welfare reform.

More here.

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