Did You Know...

   

Carney: Deficit reduction is not a worthy goal onto itself

Share
By Doug Powers  •  January 10, 2013 04:23 PM

**Written by Doug Powers

During the fiscal cliff negotiations, John Boehner said President Obama told him “we don’t have a spending problem.” Judging from Jay Carney’s response to a debt ceiling question at yesterday’s press conference, that opinion is held administration-wide:

“Most importantly because deficit reduction is not a worthy goal onto itself. This is all about making our economy stronger, making it more productive and allowing it to create even more jobs. That is the most important thing when it comes to economic policy as far as the President is concerned.”

Shorter Carney answer: “Three words buddy — trillion dollar coin.”

As far as deficit reduction not being a worthy goal, a few years ago we were told it was:

In 2008 we were told that a government spending far more than it was taking in was unpatriotic. Now, if you don’t want your taxes to go up to cover a government spending far more than it’s taking in, you’re unpatriotic.

Carney’s statement is predicated on the ridiculous notion that reduced government spending and a growing economy are mutually exclusive, but “you have to spend money to keep from going bankrupt” is sound economic policy.

**Written by Doug Powers

Twitter @ThePowersThatBe

blog comments powered by Disqus

Hillary hopes State Dept. changes procedures so future secretaries can’t hide secret servers & mass delete emails

May 25, 2016 09:36 PM by Doug Powers

hillaryshrug

Because they care

What a pal! Clinton crony Terry McAuliffe attracts FBI’s attention so Hillary doesn’t feel unfairly singled out

May 25, 2016 07:29 AM by Doug Powers

hillarymcauliffe

Cronies under investigation together stay together

Welcome to the bureaucratic Magic Kingdom: Looks like some ‘wait times’ are more acceptable than others

May 24, 2016 01:21 PM by Doug Powers

veterans

TSA security chief ousted, VA chief talks Disney

Of course: IRS commish ‘regrettably’ unable to attend misconduct hearing

May 24, 2016 10:13 AM by Doug Powers

koskinen

Fast Lerner

His contrails will go on: DiCaprio takes private jet from France to NYC to accept environmental award (Open thread)

May 22, 2016 10:06 AM by Doug Powers

kerrydicaprio

Hypocrite parade: Powered by dreams and jet fuel


Categories: Enviro-nitwits, Feature Story, global warming, Hollyweird, Politicians, Politics

Follow me on Twitter Follow me on Facebook