The American Pundit

This coming from a guy who turned a $400 billion annual deficit into a $1.4 trillion annual deficit in just nine months, who just racked up a $176.36 billion deficit for the month of October alone, and who wants to pass a government take-over of the healthcare system that would add hundreds of billions of dollars to the deficit.

Coincidentally, this new conviction of fiscal responsibility will come just in time for the mid-term elections. It’s almost like it’s a political calculation that’s laughably disingenuous, as if the liberals in Washington will go right back to out-of-control spending right after the election next November…if they ever stop.

President Barack Obama plans to announce in next year’s State of the Union address that he wants to focus extensively on cutting the federal deficit in 2010 – and will downplay other new domestic spending beyond jobs programs, according to top aides involved in the planning…

All presidents promise deficit reduction – and almost always fall short. There is good reason to be skeptical of this White House, too, on its commitment.

For starters, the White House has not dropped plans for an aggressive global warming bill early next year that will be loaded with new spending on green technology and jobs – that would be paid for with tax increases. Democratic lobbyist Steve Elmendorf says the White House focus on deficit reduction could easily kill the cap-and-trade effort. “I think this means cap-and-trade has to go to the backburner,” he said.

Additionally, there is no evidence Democrats are willing to aggressively cut the biggest parts of the budget, such as entitlement programs and defense. Former President Bill Clinton told Senate Democrats at their policy lunch this week that one of the biggest reasons to finish health care is to allow Obama to focus on economic concerns next year – in part with more spending. Sen. Ron Wyden (D-Ore.) said afterward that Clinton had advised getting health care out of the way to “clear the tables and allow the focus to be on jobs and education and infrastructure.” None of that is free.

Obama’s totally committed to cutting the deficit now. Right after he signs into law multiple pieces of legislation that will lead to a deficit explosion the likes of which this nation has never seen. Also, any deficit reductions will be due to new taxes rather than significant cuts in federal appropriations.

You get your taxes raised while the government continues spending your money on wasteful crap. Sounds like a plan!

Meanwhile, most of the media will keep repeating his promise as if it’s proven fact that’s already come to fruition. Even if he explodes the deficit rather than controls it over the next year, the media will have everyone believing that he’s actually got it under control.