White House Aims to Cut Deficit With TARP Cash
• Wall St JournalThe Obama adminstration, under pressure to show it is serious about tackling the budget deficit, is seizing on an unusual target to showcase fiscal responsibility: the $700 billion financial rescue. The adminstration wants to keep some of the unspen
So lets see if I have this strait? We have a huge deficit. Obama proceeds to add trillions in spending to the deficit. The Chinese investors grow concerned. So Obama will now decide to cease -- for now -- spending what has not yet been spent. Aren't you relieved? Fiscal responsibility at last. Can we sell you more bonds now?
Fiscal responsibility....bwaaa haaaa....