Also, I no longer pay attention to what politicians of any party say, only what they do.
New budget estimates Wednesday paint a grim picture of the nation’s fiscal state, with the government on pace to rack-up back-to-back deficits totaling $2.58 trillion over the life of this new Congress.
Nile Gardiner of the London Telegraph thinks "the Obama Presidency remains in a dangerous state of denial."
If there is one big takeaway from Barack Obama’s State of the Union address last night, it is that this presidency remains in a complete state of denial regarding the massive threat the United States faces with its budget deficit. Obama’s speech was a major lost opportunity to address the number one menace to America’s long-term prosperity – the towering mountain of debt. Ironically, Obama’s head in the sand speech came just a day before the release of the Congressional Budget Office’s latest economic outlook, which revealed that the deficits generated under the Obama administration are the largest since 1945.
Obama in a state of denial? Make that damn near the entire country.
Remember the Bugs Bunny cartoon where the diving airplane, defying gravity and inertia, stops just short of the ground because, as Bugs explains, it "ran out of gas"? That ain't gonna happen here. In the grand scheme of things, as historians will later conclude, Obama's "State of the Union" speech is nothing more than monstrously sick joke.
The reckoning approaches.