The country is facing a fiscal disaster greatly exacerbated by the policies of the Obama administration and congressional Democrats, but so far the president has refused to acknowledge the problem or act to alleviate it. He has been struggling to avoid making tough choices, hoping instead to paper over our troubles with words and so distract voters from the need for action. -- YUVAL LEVINHe is a speech-giving machine. Just point him in the direction of the nearest teleprompter and podium and he will perform as if he were playing the classical Canon in D on piano or Pachelbel.
So imagine my surprise when Congressional Budget Office (CBO) director Douglas Elmendorf whose job is to give factual analysis on U.S. fiscal policy and government budget matters, was asked about the president’s budget which he proposed in February of this year and a subsequent speech he made in April outlining the president’s goals and policies. Mr. Elmendorf response was, “We don’t estimate speeches.” (see story)
But Mr. Elmendorf words are important. Our president has told us so. He and his Democrat colleagues spend a great amount of time speaking to the American people about things like “hope and change” and how everything that is wrong in America is Bush’s fault.
So why can’t you take the president’s April speech and tell us if what he’s proposing is going to actually reduce the deficit? Oh that’s right what the president said was just words and you need specific data on which to base any estimates.
All of which reminds me of what Hillary Clinton said about president Soetoro in the 2008 campaign. Ms. Clinton told us all that Barry Hussein Soetoro would not be a leader. According to Mrs. Clinton Barry Soetoro is a speechmaker and very little else. (see :23sec video)
The word is the president is now going to join in the budget talks. My hope is that talks turn into some actionable debt and deficit reduction policies. If they don’t the president is in jeopardy of losing any credibility that his words many have ever had.