Timothy Geithner Calls Obama’s Budget “Remarkably Fiscally Responsible”

  When I read this I had trouble keeping a straight face. Timothy Geithner called President Obama’s nearly $4 trillion budget “remarkably fiscally responsible.” If you needed more proof that the Obama administration is incompetent I think that Geithner’s remarks be all the proof that you need.

  President Obama’s “remakably fiscally responsible” budget will add $4 trillion to the national debt over the next four years and a total of $7 trillion over the next decade.

As it stands, Obama’s maiden budget contemplates adding $6.9 trillion to the national debt over the next decade–$3.7 trillion of which will be added during Obama’s first term.

  Yet Geithner has the balls to defend this budget and call it fiscally responsible. These are the people who are controlling our future, does this give you a warm and fuzzy feeling? Can you image what the budget would look like if President Obama wasn’t so damned fiscally responsible? I shudder to think.

    Maybe I am a little sensitive to the term “fiscally responsible” being from New Hampshire. Governor Lynch increased spending in my state by 17.5% in 2007, he paid for this spending with tax increases and justified it with extremely optimistic revenue projections. He called the budget “fiscally responsible,” it wasn’t.

   Since that time New Hampshire has fallen into a huge budget deficit as the projections were never realistic and Governor Lynch has no idea how to get us out of it..

  And now it appears that President Obama is using the same type of voodoo economics to justify his huge budget increases. I see the same mistakes being made on a national level. Seeing what this type of economic plan has done to the tiny state of New Hampshire first hand, I am extremely leery of seeing them carried out on a much, much larger scale.