Incompetence on Display


by Richard H. Frank

Once again, this morning, we had our daily dose of seeing President Obama announce the creation of a “commission on deficit reduction.”  I expect that one of the major media networks will soon offer Mr. Obama his personal  hour-long television program so that he can spout progressive propaganda while satisfying his obvious narcissistic tendencies.

Today’s performance was a rehash of his State of the Union Address charging present and past Congresses with uncontrolled spending that has brought the nation its’ massive deficit.  Again, he attempted to take credit for saving our financial system by legislating the TARP program and investing in the future through continued stimulus spending.

President Obama obviously believes that Congress does not possess either the knowledge, discipline or the will to perform their constitutional duty to control the budget process.   Obviously, he and his administration are also incompetent to address this problem.  Apparently, he never heard of the presidential “veto” to curtail Congress which is also provided as a tool for him in the Constitution.

The appointment of Erskin Bowles and  Alan Simpson to head this bipartisan commission might best be described as “smoke and mirrors” to divert attention from the Administration’s continued push to force health care reform and cap and trade legislation through Congress and into law.  These programs will not reduce spending but only further exacerbate the problem.

The projected time table for the commission to make recommendations to the President is 6 months to a year.  In the interim, it will be business as usual in Washington.  When the commission’s recommendations do finally appear they will provide the President with an impregnable shield against any criticism for any actions he takes since they will be justified as having come from the “best authority available” and with bipartisan participation.

There are only two ways in which the deficit can be reduced.  First, reduce spending and next increase revenues to the Government in order to retire the national debt.  There are two financial mechanisms that can increase revenues:  1) increase the gross national product and 2) increase taxes.

This Government has never been successful, save in times of war, to increase GDP.  This leaves only one alternative available to politicians.  That alternative is to increase taxes.

Everything the Obama administration does has an ulterior motive, and I believe the appointment of this commission is no different.  The President needs a scapegoat in order to go back on his campaign pledge not to raise taxes on the middle class.  This commission will become that scapegoat.

One Response

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