Today’s Hope and Change…
White House Budget Director Peter Orszag warned about the serious and unsustainable national deficit today.
The Hill reported:

White House Budget Director Peter Orszag warned Tuesday that large federal deficits will eventually imperil the U.S. economy because they will lead to higher interest rates and more borrowing from overseas.

Orszag, in a speech in New York, said that deficits, expected to add $9 trillion to the current national debt of $12 trillion over the next decade, are “serious and ultimately unsustainable.”

But, that isn’t what he said a few months ago.
White House Budget Director Peter Orszag told Cavuto back on February 26:
“We need a shared sacrifice” and “Deficits are good.”

 

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  1. #1 November 4, 2009 at 11:08 am

    Andreas K. commented:

    And his qualification for this job is what exactly?

    Kissing Barry’s ass?

  2. #2 November 4, 2009 at 11:09 am

    Rhoda R commented:

    I wonder what this administration is planning next ’cause I’m sure he didn’t come out with this piece of ‘news’ without authorization from his bosses.

  3. #3 November 4, 2009 at 11:18 am

    Mike W commented:

    Wondering if this has anything to do with India dumping dollars and buying gold.Sounds like India is no longer interested in buying our debt in exchange for dollars that will soon be useless.

  4. #4 November 4, 2009 at 11:23 am

    winston commented:

    Interpret his comment as: “Higher Taxes and fees are coming for everybody!”

    5. ADVERTISEMENT

  5. #5 November 4, 2009 at 11:31 am

    olm commented:

    Exactly, what’s next? This doofus doesn’t say anything without a puppeteer moving his mouth.

  6. #6 November 4, 2009 at 11:36 am

    M. Miller commented:

    Is he laying the groundwork for the defeat of the health care legislation saying that Obama and his administration has decided to table the measure until the economy/budget/deficit are under control?

  9. #9 November 4, 2009 at 12:05 pm

    Callipygian1 commented:

    A clown college dropout.

  11. #11 November 4, 2009 at 12:12 pm

    myna commented:

    Democrats know they are in trouble. The oppositions will keep pushing until their defeat on 2010 and 2012.

  12. #12 November 4, 2009 at 12:16 pm

    Dante commented:

    This guy says only what the audience in front of him want to hear. Typical democrap.

  13. #13 November 4, 2009 at 12:30 pm

    Johnson commented:

    What was Reagan’s line? They’re big enough to take care of themselves. Or something like that.

  14. #14 November 4, 2009 at 12:41 pm

    BackwardsBoy commented:

    Ok, Petey, which is it? That question is only for you. The rest of us already know just how destructive high deficits are for the dollar and the country. And job creation.

  15. #15 November 4, 2009 at 1:09 pm

    Rob commented:

    The roller coaster has climbed up high…we-we’ed up

    too high for a safe descent…

    the crash which most of us saw coming months ago… is about to happen

    hold on tight… it’s gonna get rough

  16. #16 November 4, 2009 at 1:50 pm

    Tom Whelan commented:

    This was part of the plan all along. Drive the deficit up to a trillion, or more, and then cut it in half. Obama then campaign’s as a fiscal conservative because he cut the deficit in half. The media will take the hook, line and sinker on that play. We will still have record deficits, but the media will gloss over that also. The man is playing everyone for a fool.

  17. #17 November 4, 2009 at 3:40 pm

    dad29 commented:

    You don’t s’pose he’s working up to a general tax increase, do ya?

    Well, DO YA, punk??

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