Today’s Hope and Change…
White House Budget Director Peter Orszag warned about the serious and unsustainable national deficit today.
The Hill reported:
White House Budget Director Peter Orszag warned Tuesday that large federal deficits will eventually imperil the U.S. economy because they will lead to higher interest rates and more borrowing from overseas.
Orszag, in a speech in New York, said that deficits, expected to add $9 trillion to the current national debt of $12 trillion over the next decade, are “serious and ultimately unsustainable.”
But, that isn’t what he said a few months ago.
White House Budget Director Peter Orszag told Cavuto back on February 26:
“We need a shared sacrifice” and “Deficits are good.”
November 4th, 2009 | 11:08 am | #1
And his qualification for this job is what exactly?
Kissing Barry’s ass?
November 4th, 2009 | 11:09 am | #2
I wonder what this administration is planning next ’cause I’m sure he didn’t come out with this piece of ‘news’ without authorization from his bosses.
November 4th, 2009 | 11:18 am | #3
Wondering if this has anything to do with India dumping dollars and buying gold.Sounds like India is no longer interested in buying our debt in exchange for dollars that will soon be useless.
November 4th, 2009 | 11:23 am | #4
Interpret his comment as: “Higher Taxes and fees are coming for everybody!”
November 4th, 2009 | 11:31 am | #5
Exactly, what’s next? This doofus doesn’t say anything without a puppeteer moving his mouth.
November 4th, 2009 | 11:36 am | #6
Is he laying the groundwork for the defeat of the health care legislation saying that Obama and his administration has decided to table the measure until the economy/budget/deficit are under control?
November 4th, 2009 | 12:00 pm | #7
++
via TRBO
“Embracing change is never easy.”
==
November 4th, 2009 | 12:04 pm | #8
++
“We need a shared sacrifice”
==
November 4th, 2009 | 12:05 pm | #9
A clown college dropout.
November 4th, 2009 | 12:12 pm | #10
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re: winston @ 11:23 am #4
“Higher Taxes and fees are coming for everybody!”
==
November 4th, 2009 | 12:12 pm | #11
Democrats know they are in trouble. The oppositions will keep pushing until their defeat on 2010 and 2012.
November 4th, 2009 | 12:16 pm | #12
This guy says only what the audience in front of him want to hear. Typical democrap.
November 4th, 2009 | 12:30 pm | #13
What was Reagan’s line? They’re big enough to take care of themselves. Or something like that.
November 4th, 2009 | 12:41 pm | #14
Ok, Petey, which is it? That question is only for you. The rest of us already know just how destructive high deficits are for the dollar and the country. And job creation.
November 4th, 2009 | 1:09 pm | #15
The roller coaster has climbed up high…we-we’ed up
too high for a safe descent…
the crash which most of us saw coming months ago… is about to happen
hold on tight… it’s gonna get rough
November 4th, 2009 | 1:50 pm | #16
This was part of the plan all along. Drive the deficit up to a trillion, or more, and then cut it in half. Obama then campaign’s as a fiscal conservative because he cut the deficit in half. The media will take the hook, line and sinker on that play. We will still have record deficits, but the media will gloss over that also. The man is playing everyone for a fool.
November 4th, 2009 | 3:40 pm | #17
You don’t s’pose he’s working up to a general tax increase, do ya?
Well, DO YA, punk??
November 4th, 2009 | 4:37 pm | #18
[...] This post was mentioned on Twitter by Tim Cartwright, Le Combat and Bryan Cooper, Right. Right said: {gatewaypundit} White House Budget Director Orszag Changes Tune… Now Says Deficits Are Bad.. http://bit.ly/YMlGA [...]
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