Fresh from signing a debt-ceiling increase that provides no shelter from the storm ahead, President Barack Obama stepped before the cameras in the Rose Garden last week and vowed to renew his focus on jobs and the economy.
And where will these jobs come from• Supposedly, from key government "investments." In other words, from the same failed government policies that have stifled economic growth and threaten more damage.
"Obama does not have much presidential persuasion left. He is running out of capital," says James Thurber of American University's Center for Congressional and Presidential Studies.
Witness Washington's latest "big deal." It's clear about raising the nation's debt ceiling (spending) by $2.4 trillion in toto . But details get fuzzy on any specific cuts, which are pushed back beyond 2012 -- if they happen at all.
Ditto for any reforms of Social Security, Medicare and Medicaid, which get kicked further down the road despite the trio's trillions of dollars in unfunded liabilities.
So, we have a deficit-reduction plan that pays lip service to unsustainable entitlement spending, which is driving up the nation's debt. Add to that burden all the deleterious diktats of ObamaCare.
Against this rising tide of federal spending and even more debt, Obama and Congress are building castles in the sand. Corporations and investors aren't going to set up their beach chairs, only to see them get swept away.
You are solely responsible for your comments and by using TribLive.com you agree to our Terms of Service.
We moderate comments. Our goal is to provide substantive commentary for a general readership. By screening submissions, we provide a space where readers can share intelligent and informed commentary that enhances the quality of our news and information.
While most comments will be posted if they are on-topic and not abusive, moderating decisions are subjective. We will make them as carefully and consistently as we can. Because of the volume of reader comments, we cannot review individual moderation decisions with readers.
We value thoughtful comments representing a range of views that make their point quickly and politely. We make an effort to protect discussions from repeated comments either by the same reader or different readers.
We follow the same standards for taste as the daily newspaper. A few things we won't tolerate: personal attacks, obscenity, vulgarity, profanity (including expletives and letters followed by dashes), commercial promotion, impersonations, incoherence, proselytizing and SHOUTING. Don't include URLs to Web sites.
We do not edit comments. They are either approved or deleted. We reserve the right to edit a comment that is quoted or excerpted in an article. In this case, we may fix spelling and punctuation.
We welcome strong opinions and criticism of our work, but we don't want comments to become bogged down with discussions of our policies and we will moderate accordingly.
We appreciate it when readers and people quoted in articles or blog posts point out errors of fact or emphasis and will investigate all assertions. But these suggestions should be sent via e-mail. To avoid distracting other readers, we won't publish comments that suggest a correction. Instead, corrections will be made in a blog post or in an article.
A division of Trib Total Media is your one-stop-shop for all of your branded merchandise needs.
We specialize in providing quality affordable promotional products for every type of business including non-profits, schools, universities, sports teams and more. With 1000’s of products to choose from, our knowledgeable staff can help you find the perfect apparel item or product to suit your needs and budget.
Why use TPSolutions?
• Quality, brand name, screen printed and embroidered apparel
• Competitive prices
• Free design services
• Volume and non-profit discounts available
• Quick turn around
We offer a wide variety of traditional and new digital advertising options customized to fit your needs!
Whether you're just starting out, or you've been a keystone in the community for years, our knowledgeable staff can provide you with a customized package including online banners/advertisements, Social Media Marketing (Facebook / Twitter), Website development, Search Engine Optimization, Email Marketing solutions and much more!
Contact your local sales rep today for details, personalized proposal and a meeting to discuss how we can meet your needs.