Now you know why he signed that debt increase bill into law in secret yesterday:
When asked if Obama plans to have zero budget deficits as a matter of "living within our means," Jay Carney says no.
On the plus side, no obfuscation there. Overspending is the rule, not the exception. The result of course, is disaster:
U.S. Faces First Downgrade on Debt, Slowdown: Moody’sMoody’s Investors Service and Fitch Ratings affirmed their AAA credit ratings for the U.S. while warning that the ratings could be downgraded if lawmakers fail to enact debt reduction measures and the economy weakens.
The rating outlook is now negative, Moody’s said in a statement yesterday after President Barack Obama signed into law a plan to lift the nation’s borrowing limit and cut spending.
...“A downgrade is a sign that Congress is failing to address a real fiscal issue,” Guy LeBas, chief fixed-income strategist at Janney Montgomery Scott LLC in Philadelphia, said in an interview before the announcements.
Raising the debt ceiling is adding gasoline to the fire. It will make the problem worse, not better. More blowback over at
drudge: