Obama: Spending & debt both problem and solution

Tad DeHaven at Cato:

Time-out.  The administration accurately states that federal spending and debt have increased at a detrimental pace this decade.  Then it says we’re in the worst economic crisis since the Great Depression. 

And the solution to the economic downturn caused in part by too much spending and debt is to increase deficit spending and further run up the national debt?  By the administration’s own logic, shouldn’t we be experiencing economic growth with all the deficit spending it “inherited?”

See also David R. Henderson:

How can he talk about fiscal responsibility when he has just signed a bill proposing a huge increase in the deficit and now is pushing another bill to increase the deficit even more?

But really, should we expect consistency and integrity from an elected politician?  What did you want, change?


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