President Barack Obama is hailing pay-as-you-go budget legislation he signed as one in a series of crucial steps needed to snap Washington out of a destructive pattern of overspending. “Now, Congress will have to pay for what it spends, just like everybody else,” Obama said in his radio and Internet address released Saturday morning. “After a decade of profligacy, the American people are tired of politicians who talk the talk but don’t walk the walk when it comes to fiscal responsibility. It’s easy to get up in front of the cameras and rant against exploding deficits."

"What’s hard is actually getting deficits under control. But that’s what we must do.”




This is pure political sludge


                                



When President Obama signed the bill, the message was supposed to be clear: From now on, there'll be no more spending unless we can pay for it, and that's that.

Bunning argued that there is no need to go deeper into debt to the Chinese government when hundreds of billions remain unspent in last year's "Stimulus" fund.

The suspicion is that the Stimulus money is not meant for things like unemployment or highway funding...not now, at least. Those funds are scheduled to be released later this summer and into the fall in order to give a sugar-boost to the economy just before the midterm elections.

I repeat, "What’s hard is actually getting deficits under control. But that’s what we must do.”




Jim Bunning calls Obama's and the left's bluff