President Barack Obama is pledging to tackle the nation’s spiraling deficit immediately. So long as immediately means after the November elections.
According to Politico, Obama endorsed legislation to create an independent commission that would create deficit-reduction steps for Congress.
But the move comes so late in the game that that he fears it might seen as a ploy to shore up support for fiscally moderate Democrats. Rest assured that’s only because it’s a ploy to shore up support for fiscally moderate Democrats.
(It should be noted that fiscally moderate Democrats are only Marxists, not Marxist-Leninists.)
As the president points out, “These deficits did not happen overnight, and they won’t be solved overnight.” And, apparently, they won’t even start to be solved until after the elections.
Source: Politico
– Written by Sven Waring