Mama Bin Cranky

Pres. Obama came out yesterday to excoriate the Republicans about their intransigence on agreeing to a deal on the debt ceiling.  Then Obama reveals just how un-serious he is about our nation’s debt.  He is out of sorts because he only wants a ratio of $1 in cuts for .75 in new taxes/revenues.  This is not a serious attempt at cutting our debt.  Most ratios discussed in plans are at a starting point of at least $3 to $4 in cuts for every $1 in taxes/revenues.  In the mid nineties, Canada (a huge welfare state) cut spending by about 6 or 8 to 1 in revenues.  This has resulted in lowering deficits ever since and Canada was spared some of the problems of a worldwide recession.  If Obama can’t do better than $1 in cuts for .75 in revenue, we are doomed.  Ratings agencies and the world should note that our President is not interested in real changes and reducing the nations debts.  First it was his budget that had spending increases, then it was a clean debt ceiling, then it was a big deal, now it is no real cuts.  Obama is not serious about the future of our country.