I knew we were in for real budgetary trouble with President Obama, but his recent statements on the subject make me wonder whether he is so brainwashed with liberal ideology as to be divorced from reality — or worse. Based on his tireless rhetoric, it would appear that he thinks — contrary to all evidence, including the failure of his $868 billion stimulus package to create jobs — that even more spending would finally lead to jobs. This, though even his economic advisers have warned us not to expect unemployment levels to reduce to acceptable levels for years.
In the meantime, as wrongheaded as he is about government spending’s creating jobs, he’s outright delusional about what he’s doing to the national debt — and that’s giving him the benefit of the doubt.
