August 08, 2011

Obama: "We must live within our means--except for this huge new program."

From Obama's weekly address, Saturday, August 6, 2011
(source: the White House website)

This week Congress reached an agreement that’s going to allow us to make some progress in reducing our nation’s budget deficit. Through this compromise, both parties are going to have to work together on a larger plan to get our nation’s finances in order. That’s important. We’ve got to make sure that Washington lives within its means, just like families do. In the long term, the health of our economy depends on it.

But in the short term... we ought to give more opportunities to all those construction workers who lost their jobs when the housing boom went bust. We could put them to work right now, by giving loans to companies that want to repair our roads and bridges and airports....
Lemme get this straight: You just got congress to raise the debt limit by $2.4 Trillion. In fact, you insisted on that huge number because you didn't want to get hammered by this issue before the elections. And your administration is running a current-year deficit of $1.4 Trillion. And you just said "We’ve got to make sure that Washington lives within its means, just like families do." And then you turn right around and propose a huge new federal program to put tens of thousands of idle homebuilders to work building roads and airports???

Was this a secret contest to see how many contradictions you could cram into a single minute or something?

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