Obama Admits His Deficit Spending May Backfire

In an interview with FoxNews' Major Garrett, President Obama announced that deficit spending "could actually lead to a double-dip recession."

"It is important though to recognize if we keep on adding to the debt, even in the midst of this recovery, that at some point, people could lose confidence in the U.S. economy in a way that could actually lead to a double-dip recession," he said.

And yet, keep spending he does.

One analysis from the Heritage Foundation projects:

President Obama’s budget would add $4.9 trillion in public debt from the beginning of 2010 through 2016... Overall, President Obama’s budget would add twice as much debt as President Bush over the same number of years.

Here's a thought, Obama. Stop spending money you don't have. Stop spending money you don't have on programs we don't want, like "stimulus" that doesn't stimulate, health care "reform" that doesn't reform, and Cap and Trade that trades reasonable energy costs for "skyrocketing" energy costs to consumers to solve a problem that doesn't exist.

Stop spending this country into oblivion. Please.

White House: Republicans' Budget Proposal is a "Joke"

So much for the bipartisanship and working together that Obama promised during his campaign and early in his administration.

The Obama administration's official response a Republican budget proposal: It's a joke.

After FoxNews anchor Jon Scott suggested that the GOP budget is simply smaller. Let's spend less. We just can't afford all of the things in the president's budget.

Rob Neighbors, the Deputy Director of the Office of Management and Budget, issued Obama's "fair and balanced" response by excoriating the Republican's plan:

It's ironic that this budget came out today, on April Fool's Day. Because this is a joke; it's a joke on the American people.

Whatever one thinks of the Republican proposal (and I know nothing about it), it is highly inappropriate for the president to treat our elected officials with such contempt and disregard, dismissing a legitimate proposal idea with a school yard taunt.

Not to mention, that if one agrees with the Repub's ideas, the Obama administration is calling you a joke by association.

Yet one more example of how Obama is no leader, and is totally clueless about how to run the country.

Just plan sad.