Obama moving full speed ahead after debt ceiling raised without limits

By Jack Minor –

 

Now that Congress has agreed to Obama’s desire to raise the debt ceiling with no limits, he is preparing to abandon all pretense of carrying about the federal deficit and national debt and is expected to call for billions more in spending with his new budget.

 

President Obama is expected to call for an end to the era of austerity, the policy of the federal government to reduce budget deficits and is now calling for massive new spending on a plethora of pet issues. During the previous years of his presidency, Obama claimed to be concerned over the federal deficit and frequently talked about the need to reduce spending. While a Senator from Illinois, Obama decried high levels of debt saying in 2006 that “the fact that we are here today to debate raising America’s debt limit is a sign of leadership failure. It is a sign that the U.S. government can’t pay its own bills. … I therefore intend to oppose the effort to increase America’s debt limit.”

 

Under Obama’s tenure in office the national debt has increased by over 57 percent from $10.6 trillion to over $16.7 trillion. Despite these dangerously high limits, the president frequently made references to wanting to cut the deficit.

 

During past votes over the debt limit, Congress set a limit on the amount it would raise it. This is similar to a credit card company increasing a person’s credit limit by a set amount. However, earlier this month Democrats and the Republican leadership in both houses of Congress voted to raise the debt ceiling with no limits, something the president has long desired.

 

With no limits on the amount of debt the nation can occur, the president is now expected to take advantage of not having a limit to contend with and it is being reported that his upcoming budget will be increasing federal spending by tens of billions of dollars while abandoning previous calls to reduce the debt by social security reform.

 

With the Republicans choice to not attempt any concessions over the debt limit like both parties have done in years past, the Washington Post is reporting that he is weary of negotiating with Republicans and attempting to find common ground and is intending to focus on spending more money on programs such as job training, early-childhood development and other liberal programs without any offsetting spending cuts.

 

Republicans have said details of the president’s upcoming budget simply prove what they have said all along, that the president was never serious about reducing spending and cannot be trusted on the issue.

 

“This reaffirms what has become all too apparent: the president has no interest in doing anything, even modest, to address our looming debt crisis,” Brendan Buck, a spokesman for House Speaker John A. Boehner (R-Ohio), said in a statement. “The one and only idea the president has to offer is even more job-destroying tax hikes, and that non-starter won’t do anything to save the entitlement programs that are critical to so many Americans.”


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