Obama "I'm Serious About Deficit Reduction" HAHA lol

[wazi99]

Wall Street bankers have been told by the White House that President Obama is serious about deficit reduction and views it as a “legacy” issue for his administration, sources told the FOX Business Network.

Talks between Wall Street executives and the administration began almost immediately after the President’s re-election and the discussions have been largely cordial, despite talk that banks are bracing for a new round of tougher regulations. At least for now, there are no signs of acrimony and discussions with executives have been cordial, a banker familiar with the talks says.

Read more: http://www.foxbusiness.com/governmen...#ixzz2BldoOSGo

The man who added more debt to our nation than any president every with trillion dollar deficit every year. Now he wants deficit reduction to be his "legacy". Maybe if we are lucky he will only raise it to 20 trillion instead of 25 trillion in his second term.

[Chris]

All these pols in Washington ever mean when they doublespeak deficit reduction is reduce the rate of increasing the size and debt of government.

[KC]

He's right though: whatever he does or does not do right now as President of the United states will be his legacy. He doesn't have to win re election any more. The only thing he has to worry about is how people will look at him down the road. At least in this moment he's talking about deficit reduction. Both parties need to seize the opportunity and cut as much as possible from the deficit.

[wazi99]

He's right though: whatever he does or does not do right now as President of the United states will be his legacy. He doesn't have to win re election any more. The only thing he has to worry about is how people will look at him down the road. At least in this moment he's talking about deficit reduction. Both parties need to seize the opportunity and cut as much as possible from the deficit.

I would rather have a president do the right thing than worry about his legacy.

[KC]

I would rather have a president do the right thing than worry about his legacy.

Me too. Unfortunately that's usually not the case.

[Trinnity]

He's serious all right. He's got the keys to the henhouse and he's gonna raise taxes on everything that moves and doesn't move just like Hillary said.

Thing is, he's not gonna cut big govt spending. Get ready to pay more for everything. Time to barter, grow your own food, pay of your debts fast as you can and hoard goods. We may be facing a real depression. Gawd, I hope I'm wrong.

[KC]

He's serious all right. He's got the keys to the henhouse and he's gonna raise taxes on everything that moves and doesn't move just like Hillary said.

Thing is, he's not gonna cut big govt spending. Get ready to pay more for everything. Time to barter, grow your own food, pay of your debts fast as you can and hoard goods. We may be facing a real depression. Gawd, I hope I'm wrong.

Man. It's a bad time to be a student living in a studio apartment then. I suppose I can barter with other students in Ramen Noodles.

[ptif219]

That is why he is shutting down government land to oil

http://thehill.com/blogs/e2-wire/e2-...-from-drilling