Remember when, “right after signing his $857 billion economic stimulus program into law last year, Obama convened the now-forgotten White House Fiscal Responsibility Summit,” the one “where [he] promised to cut the annual federal deficit by half by the end of his term”? As the Washington Examiner reports, he’s done it again: made a symbolic, deceptive gesture.

BHO’s “Budget Director Peter Orzag announced with great fanfare Tuesday that President Obama wants all nonsecurity agencies to cut spending by 5 percent.”

That’s proof that he’s serious about cutting spending, right? At least that’s how the Washington Post sees things:

This is “the latest in a series of initiatives, legislative proposals and veto threats in recent weeks aimed at demonstrating that Obama is minding every penny.”

Readers of this blog don’t “take seriously any of these White House PR campaigns to make Obama look responsible on the spending issue.”

After all, in less than two years in the Oval Office, Obama had added more than $4 trillion to scheduled federal spending, driven the annual budget deficit from $467 billion in 2008 to nearly $1.6 trillion in 2010, and pushed the national debt from $10.6 trillion to more than $13 trillion. All of these marks are mileposts on the road to fiscal calamity.

So, Obamarxists needn’t lose heart—and can with confidence, renew their vows to The Chosen One. BHO is here to hammer the final nail in the coffin of American capitalism.