Friday, July 13, 2012

Associated Press: President Obama: 'GOP 'Not Serious About Deficit Reduction'

Source:Associated Press- President Barack H. Obama (Democrat, Illinois) campaigning for reelection somewhere in the Commonwealth of Virginia.

"President Obama called on Republicans to extend tax cuts for all Americans earning up to $250,000 a year. The President was campaigning in Virginia, a key swing state." 

Don't get me wrong, because I don't think Barack Obama has the best credibility and record when it comes to deficit reduction and fiscal policy. But he doesn't talk like a fiscal Conservative and then governs like a borrow and spender. He's a true Center-Left Progressive that believes that government can play a big role in helping people move forward with their own lives. 

President Obama is very different from today's Republican Party that talks like Barry Goldwater Conservatives, but then governs Jack Kemp supply-siders, who when they're actually being honest or are in private will tell you that deficits and debt doesn't matter. They only act like it matters when there's a Democratic President, especially a Progressive Democratic President. 

President Obama's basic point here is correct. If you think the deficit and debt is actually a big deal and real threat to the economy, but aren't willing to do anything about the trillions in tax cuts that only benefited the wealthy the last ten years, that were never paid for and I would add you think the military budget should be off table when it comes to deficit reduction, and no plan to reform entitlements to make them financially affordable for generations to come, then you are not serious about deficit reduction. 

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