Weasel Zippers has a post highlighting an AP article on the monstrous deficit that the Obama Administration continues to run up:
Congress’ nonpartisan budget analysts are projecting a $1.1 trillion federal deficit for 2012, the fourth straight year the government’s shortfall will exceed $1 trillion.
Sadly, AP ends the piece with:
The budget office repeated a warning it made earlier this year, saying the long-term fiscal outlook is uncertain. That’s because no one knows how President Barack Obama and Congress will resolve their standoff over extending expiring tax cuts for the rich and over sweeping spending cuts that will be triggered in January unless Congress blocks them.
Emphasis mine. As I said at Weasel Zippers:
As usual, the AP misses it while they carry Obama’s water. The uncertain fiscal outlook has nothing to do with a standoff with congress over tax cuts and sequestration. That is diversion. And it’s insulting.
The fiscal outlook is uncertain because President Obama has no idea how to positively impact the economy. In fact, from all appearances, he doesn’t want to. This is why the entire planet is in a sort of paralyzed fiscal panic. The President of the country that has acted as the leader of the free world, the creative marketplace of ideas and innovation, the engine that powers the global economy now believes that American exceptionalism is no different than Greek exceptionalism.
But yea, tax cuts for the rich and intransigent republicans. And we wonder why we’re screwed.
