Halleluiah! Obama Endorses Task Force to Look at Cutting Deficit After Tripling It His First Year

Well, Halleluiah! Barack Obama says he wants to cut the spiraling national deficit.

Barack Obama tripled the national deficit last year.

This year Barack Obama is on track to nearly quadruple Bush’s 2008 budget deficit.

(CBO Estimates)

But don’t worry.

Barack Obama called for a task force today to come up with a plan to curb his spiraling budget deficits.

He’s serious.

Breitbart reported:

President Barack Obama has endorsed a bipartisan plan to name a special task force charged with coming up with a plan to curb the spiraling budget deficit.

The bipartisan 18-member panel would study the issue for much of the year and report a deficit reduction blueprint after the November elections that would be voted on before the new Congress convenes next year.

Unlike a plan tentatively endorsed on Tuesday by the White House and Capitol Hill Democrats, the new task force would have to be approved by Congress, where there’s lots of opposition.

Here’s an idea…

If Obama really wanted to cut deficits he would eliminate the rest of the failed Stimulus package spending that is slated for this year and beyond.

Over $236 billion is scheduled to be spent this year alone.



(Washington Post graphic)

If Barack Obama and democrats were really serious about cutting the national deficit they could admit that the Stimulus bill was a failure and cancel this year’s spending. But then again, Obama would really have to be serious about cutting the deficit.