Friday, February 28, 2014

"Howard" Meets Alan Simpson

The president told them that he would take no action on any of the Commission's recommendations and explained his rationale in the following way - prior to his re-election and probably after his re-election he would do nothing. Simply put it was a pure political decision. He stated that to accept reductions in the growth of entitlements would alienate his base and he would only look at the tax increase side of the recommendations after the election. He further added that to accept the recommendations would give the Republicans a victory as seen by the voters and he was not ever going to do that now or ever. He was adamant that he wanted more spending and more taxes and that he would pursue that course throughout his administration until his last day in office.

Stunned by that answer, Bowles asked him if he would do what's right for the country and exert some leadership to save the nation's fiscal future. Obama's response was that he would let the next president worry about the spending and debt, but he was going to spend and tax and re-distribute wealth throughout his term.


http://directorblue.blogspot.com/2014/02/an-insiders-stunning-firsthand.html

1 comment:

Hoosierman said...

Ouch! but we pretty well knew as much.