BHO’s Never-Never Debt-Payment Plan (Comments Section Restored)

When President Obama mouths off about a “free society,” you know that the tokenism will be followed by a list of “liberties” that takes the “vision thing” away from private individuals, and leaves it to souped-up civil servants and voracious bureaucrats. After BHO took great care to tether his “vision” of America to the size of state social programs, here is what the president’s vague, debt-reduction plans entail. A “more balanced approach,” he called it, of “$4 trillion in deficit reduction over twelve years.” Or, the Never-Never scheme. [Transcript]

It’s an approach that borrows from the recommendations of the bipartisan Fiscal Commission I appointed last year, and builds on the roughly $1 trillion in deficit reduction I already proposed in my 2012 budget. It’s an approach that puts every kind of spending on the table, but one that protects the middle-class, our promise to seniors, and our investments in the future.
The first step in our approach is to keep annual domestic spending low by building on the savings that both parties agreed to last week – a step that will save us about $750 billion over twelve years. We will make the tough cuts necessary to achieve these savings, including in programs I care about, but I will not sacrifice the core investments we need to grow and create jobs. We’ll invest in medical research and clean energy technology. We’ll invest in new roads and airports and broadband access. We will invest in education and job training. We will do what we need to compete and we will win the future.

Meaningless so far.

Next in BHO’s noncommittal outline is a mention of the giant defense budget. No specifics are offered. And a centerpiece of the promise to get serious about such cuts is this cunning catch: cuts are in future spending.

As Commander-in-Chief, I have no greater responsibility than protecting our national security, and I will never accept cuts that compromise our ability to defend our homeland or America’s interests around the world. But as the Chairman of the Joint Chiefs, Admiral Mullen, has said, the greatest long-term threat to America’s national security is America’s debt.
Just as we must find more savings in domestic programs, we must do the same in defense. Over the last two years, Secretary Gates has courageously taken on wasteful spending, saving $400 billion in current and future spending. I believe we can do that again. We need to not only eliminate waste and improve efficiency and effectiveness, but conduct a fundamental review of America’s missions, capabilities, and our role in a changing world. I intend to work with Secretary Gates and the Joint Chiefs on this review, and I will make specific decisions about spending after it’s complete.

[SNIP]

Nothing ventured, a lot gained is the (mangled) maxim Obama follows.

You’ll buy BOH’s “third step,” which “is to further reduce health care spending in our budget,” if you were one of those people who bought the novel idea that an enormous entitlement program, as Obamacare is, will drastically reduce the deficit and debt. The poster person for this mathematical improbability was House Speaker Nancy Pelosi.

Finally, “the fourth step in our approach is to reduce spending in the tax code,” preached the president. By which he and his menagerie of morons mean not to shorten the tax code to one page, and both reduce and flatten individual and corporate rates—but to sock it to the rich.

Reduction of government debt, in Obama’s perverse moral universe, translates into an increase in state-sanctioned theft.

[My appreciation goes to the New York Times, one of the few outlets that provides transcripts of anything, these days.]

UPDATED: I’m sorry comment section was disabled. it was unintentional. It is restored. Thanks, IronGalt, for the alert.