Audacity that stinks

Audacity that stinks

June 6th, 2012 in Opinion Free Press

President Obama's chief mouthpiece, Jay Carney, the White House press secretary, recently issued a challenge that is rooted in re-election politics, not official business.

Carney proclaimed, "... do not buy into the BS that you hear about spending and fiscal constraint with regard to this administration. I think doing so is a sign of sloth and laziness."

This was said immediately after the hyped claim by Carney that Obama "has demonstrated significant fiscal restraint and acted with great fiscal responsibility." Carney continued his flourish stating, "Federal spending is rising at its slowest pace since Dwight Eisenhower."

Amid a deficit revealed in a USA Today analysis to be more than $5 trillion in 2011 alone in contrast to the "official" $1.3 trillion reported, 12.5 million citizens unemployed, and a third year with no budget for the federal government, the "BS" being vigorously shoveled is by a panicked White House.

The facts, as published by the Obama administration's Office of Management and Budget's own figures: There have been only five fiscal years since World War II in which federal spending has exceeded 24 percent of the gross domestic product, the size of America's entire economy. Want to guess when four of those years might be?

1. In fiscal year 1946, the first year after World War II's end, with spending at 24.8 percent of GDP.

2. In fiscal year 2009, the first part of this budget year that began on Oct. 1, 2008, found then-Sen. Obama criticizing Bush deficit spending but voting for the Emergency Economic Stabilization Act, which included the $700 billion Troubled Asset Relief Program. The second half of the budget year saw President Obama presiding over the American Recovery and Reinvestment Act and its $831 billion spending. The federal government's spending in fiscal 2009 accounted for 25.2 percent of our nation's economy.

3. In fiscal year 2010, the continued spending spree of our Congress and president, holding the veto pen, was recorded at 24.1 percent of GDP.

4. In fiscal year 2011, the nation remains budgetless with a historic deficit achieved and 24.1 percent of GDP spent out of Washington.

So, the truth is that Barack Obama, whose 2012 spending is projected to be 24.3 percent of GDP, will be the only president whose entire term had spending that exceeded 24 percent of the nation's economy. Only Franklin Delano Roosevelt surpassed the 24 percent mark in the post-World War era in 1946.

While rhetoric is cheap during election time, the actions of Obama, the Democrats in Congress and all the "progressive" apologists are very costly in terms of the financial reality and the destruction of our economic health.

It's your audacity that stinks.