More Obama Empty Promises
The incomparable takes on Obama’s spending freeze idea:
There are more loopholes in President Obama’s proposed “spending freeze” than in an Olympic volleyball net. Gargantuan government entitlements (Social Security, Medicare and Medicaid) are exempt. A half-trillion in unspent stimulus money is exempt. Foreign aid is exempt. The Democrats’ proposed $154 billion jobs bill (Stimulus II) is exempt.Pet federal education programs will be exempt (including $4 billion for the White House “Race to the Top” standards initiative and an additional $1.35 billion he just requested in the 2011 budget). Green jobs spending will be exempt. (Obama proposed $10 billion in new clean energy spending earlier this month.) Electorally driven tax-credit expansions will be exempt. The health care takeover plan is not included. As even The New York Times reported, the “estimated $250 billion in savings over 10 years would be less than 3 percent of the roughly $9 trillion in additional deficits the government is expected to accumulate over that time.”
Which amounts to a molecule in a drop of the ocean of red ink in which American taxpayers have been drowning.
As always, read it all. ‘Cause then you’ll run accross nuggets like this:
McDonald’s French fries have a longer shelf life than Obama’s pledges of fiscal accountability.
Sad but true.
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