Why was Obama silent about the “Democratic blank check” slogan that the GOP and media are selling? Does he want to appear to be forced to harm SSMM so as to stop the blank check.
The numbers posted in the NYT say that decisions made from 2002-2009 equaled a 5.1 trillion dollar impact on the deficit including a 1.8 trillion dollars of lost revenue from the tax cuts, with Obama spending on the credit card 1.44 trillion, a one time 700 billion on the stimulus, and 425 billion on stimulus tax cuts, again a “one time event”. So that credit card picked up 330 billion for discretionary spending, including health care.
But Obama allows the Democrats to be smeared by the “blank check” charge. Is the motivation to hurt the Democratic Party? Or does he just want to make clear that there will not be any future stimulus spending, no matter what economists recommend, as we have a lowering of our standard of living so as to make the rich and corporate richer?