Yesterday, President Obama threatened to veto the “Cut, Cap and Balance” bill, which would amend the Constitution to require a balanced budget and allows the government to borrow $2.4 trillion more – but only in conjunction with large spending cuts.
The measure would cut fiscal 2012 spending by $111 billion, cap future
federal spending at 19.9 percent gross domestic product, and only allow
for future debt ceiling increases if a balanced budget amendment is
approved by Congress and sent to the states for ratification.
Predictably, the administration strongly opposed it, saying “Neither setting arbitrary spending levels nor amending the Constitution is necessary to restore fiscal responsibility.” Yes, clearly, this is not necessary, as Obama knows how to achieve this objective all by himself. Just look at the great job he’s been doing so far. Let’s see, he has added somewhere around $4 trillion to the debt in just 2 1/2 years. Yeah, let’s listen to that guy.
White House press secretary, Jay Carney, called the measure “classic Washington posturing, Kabuki theater”, and said that it is designed to “duck, dodge and dismantle: duck responsibility, dodge obligations, and
dismantle….our social safety net
— Social Security, Medicare and Medicaid.” I guess if anyone would know about ducking, dodging and dismantling, it would be this administration.
Am I dense or did Carney just spend two and a half minutes talking in circles? Well, of course he did. Here’s how it works….you start with a few liberal talking points, add the word “Draconian” 5, 6…10 times, and then throw in some scare tactics for good measure, and there you have it — an Obama administration press conference. Talk about Kabuki theater….
The White House said the legislation was unnecessary and unrealistic, adding that “increasing the federal debt limit, which is needed to avoid a federal
government default on its obligations and a severe blow to the economy,
should not be conditioned on taking these actions. Instead of pursuing an empty political statement and unrealistic
policy goals, it is necessary to move beyond politics as usual and find
bipartisan common ground.”
It’s clear that Obama wants no conditions to this debt limit increase. All he’s looking for is tax increases, or as he so creatively dubbed it “cutting spending through the tax code”. Seems crazy, right? But what do we know? As Obama so clearly (and condescendingly) pointed out, we don’t understand how this stuff works and should leave it to the “professional politicians”.