This morning when asked if he was prepared to deal with America’s debt by cutting spending, President Obama showed just how out of touch with reality he actually is. “We’ve already made deep spending cuts. I proposed a freeze on federal spending,” said the President.
A spending freeze locked in at elevated levels of spending will do nothing to stop the government from borrowing forty cents of every dollar that it spends. With this year’s deficit set to once again top a trillion dollars, it’s time for the President to send a real signal that he is serious about getting the nation’s fiscal house in order and put forward a plan to deal with America’s debt and prevent Medicare from going bankrupt.