Obama administration completely unconcerned about debt and deficit after 2012

Ten years. That’s all they give a crap about. The goal here is to get re-elected and kick the can down the road.

Secretary of the Treasury Tim Geitner and Rep. Paul Ryan (R-Wisc.) got into a friendly back and forth about budget projections. What I saw indicated Geitner and the Obama administration only wants to deal with the next ten years. Geitner agrees that something will need to happen to deal with the explosion of entitlements during the out years, and admits their budget does not tackel the $100 trillion elephant in the room.

This is not leadership. From AP at Hot Air. The video is from the House Budget Committee.

httpv://youtu.be/h_f20ZDBj5k

Phillip Klien notes the relevance as to what was expected by The One, with my emphasis in bold.

President Obama spent much of last year pretending that he had a plan to tackle the nation’s long-term debt crisis. He never released an actual plan, but he gave a bunch of speeches pretending that he had. And Obama pushed the idea that he was privately ready to cut a “grand bargain” on the debt were he not thwarted by intransigent Republicans. This was a narrative dutifully reported by the media, despite the lack of any formal plan. Now, the pretending is over.

On Monday, Obama unveiled a budget that added to the debt while using a series of budget gimmicks to claim deficit reduction. And today, Treasury Secretary Tim Geithner conceded that the administration didn’t even attempt to do anything about the nation’s long-term debt problem.

Not our problem.

12 replies
  1. Dimsdale
    Dimsdale says:

    ?bama doesn’t have a plan to tackle the nation?s long-term debt crisis; he only has a plan to keep a second ?bama term from becoming a total crisis.
    ?
    The more I hear from these guys, the more convinced I am that they never had a plan, never intended to make a plan, and will never be able to conceive a plan.? Masking the ineptitude and fecklessness is all they can manage as we swirl down the bowl, faster and faster.
    ?
    As some on this blog would say, “brilliant”.? Pardon my sarcasm.

  2. sammy22
    sammy22 says:

    On the other hand, having a plan like what Paul Ryan has, which is not? going to become a reality is equally futile.

    • zedgar2
      zedgar2 says:

      Paul Ryan’s plan opened the much needed dialogue about the magnitude of? the problem and the urgency of coming up with solutions to fix it.? If he had simply talked about the issue without proposing a solution (like President Obama and so many others on both sides of the aisle) it would have just been empty rhetoric.? While his solution would? likely not be adopted, it set the stage for an amended version that Rep. Ryan co-authored with Democratic Sen. Ron Wyden. That’s real progress and shows that the groundwork has been set for further serious discussions and proposed alternatives. The value of Congressman Ryan’s original plan should not be dismissed so lightly.

  3. sammy22
    sammy22 says:

    I am all in favor of the dreaded term of “compromise”. Unless the two sides talk, find some common ground and give on some positions, there will be no actions. Both sides are kicking the can down the road big time as they are unwilling to give something up.
    ?
    ?
    ?

  4. Lynn
    Lynn says:

    Oh for God’s sake. Cut the darn budget. Cut out the depts. that are doing nothing. I am tired of this stupidity.? Compromise on what? Why does anyone think that Rep. Paul Ryan’s plan cannot be a reality? VOTE CONSERVATIVE.? For all you LIBS out there smarten up and hold your nose and VOTE CONSERVATIVE. I promise you it is better than drowning in red ink. Or having death squads killing off the unproductive old folks. Ok, can’t even laugh here. Go for it Libs make my day, make me laugh.

  5. sammy22
    sammy22 says:

    The Conservatives have talked and produced nothing so far, and that includes the Ryan plan to nowhere. Even today they voted to add more red ink.?

    • Dimsdale
      Dimsdale says:

      I would rather have the Ryan plan to nowhere, than the ?bama plan for continued and future despair.? What they did to today was political pandering and stupid.? They should have stood their ground last year and gotten the one year payroll tax cut extension for one year, but the Dems demagogued the issue and made it sound like they were against the cut (which pitches Social Security into further insolvency).

  6. Lynn
    Lynn says:

    You failed. You still can’t handle the fact that the Senate is still owned by Liberals. They will never figure anything out. So, the House is still trying to COMPROMISE. My plan is vote the Liberals out and the King too.

    • Lynn
      Lynn says:

      Dims is right it WAS stupid, but my point still is WE NEED Conservatives in Congress. Yes, politics were played and the stupid Compromise has added 1$Billion dollars to the deficit. The ONLY bright side to this idiotic regime is the sheep may be getting the idea of the games Congress and the media play.
      ?
      The payroll tax cut was saved, however Boehner had 40% of his rank and file desert him from the flawed bill. In the Tea Party Caucus 24 voted YES and 36 voted No. Hallelujah for the Tea Party.
      http://news.yahoo.com/congress-extends-payroll-tax-cut-sends-obama-022144011.html
      Vote the Bums out! It’s our last chance!
      ?

  7. sammy22
    sammy22 says:

    Even when the votes are counted, and the Republicans/Conservatives voted: YES, it’s the fault of the Democrats/Liberals that such a bill was passed. I say that Congressional responsibility on the part of the Right could use a little dust-up.

    • Lynn
      Lynn says:

      I know we aren’t supposed to go back and forth. But, here I go. I agree with you, the House, old school Republican leadership needs a dust-up. You made me smile Sammy!

  8. NH-Jim
    NH-Jim says:

    “All that seems indispensable in stating the account between the dead and the living, is to see that the debts against the latter do not exceed the advances made by the former.”? [James Madison]
    ?
    “A wise and frugal Government, which shall restrain men from injuring one another, which shall leave them otherwise free to regulate their own pursuits of industry and improvement, and shall not take from the mouth of labor the bread it has earned. This is the sum of good government, and this is necessary to close the circle of our felicities.”? [Thomas Jefferson]

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