McConnell to Obama: Americans don’t want your advice on fiscal responsibility

Partial article quote by Josiah Ryan of The Hill

“Senate Minority Leader Mitch McConnell (R-Ky.) on Thursday tore into President Obama's Wednesday speech on deficit reduction, saying the public doesn’t want advice from him on fiscal prudence.
'The American people are not inclined to take advice on fiscal responsibility from an administration whose unprecedented borrowing and spending has done so much to create the mess we are in,' said McConnell.
McConnell accused Obama of shifting from wanting to spend more to wanting to save more only because it’s politically expedient.”

Sounds to me like McConnell and Republicans are on the defense because Obama made it fairly plain in his speech that at the end of the Clinton Administration the Federal Budget was at a zero deficit, with a surplus projected to begin paying off the Federal Debt! Yes?

Obama also made a mention of how the Democratic zero deficit and surplus projection was thrown out the window by the Bush Administration through two big tax cuts (largely to the wealthy, or “My kinda people”, as Bush himself said), two wars (remember the “Shock and Awe”, “Bombs Over Baghdad” extravagant display for the media, that had absolutely nothing to do with 9/11, as the propaganda misled! Not to mention Bush said it would only last “a week”!), and a huge, unfunded addition to Medicare (maybe because he was coming up for re-election and wanted people to forget about how angry they were with him for trying to privatize their beloved program).

But what is really insidious is that driving the deficit and debt was a far right, economic projection and power plan from the beginning (and conveniently to include Bush's Medicare increase!) Starting with Reagan's economic advisers telling him that Union busting and running up the Federal Debt is not such a bad thing, and Bush's advisers literally told him that his colossal “debt is an investment in the US economy”, that it would raise the GDP. All this done so they could attack social programs in the future as being the cause of the government's spending (not revenue) problem!

And where was McConnell and not a small number of the current Congressional Republicans while the Bush era spending was going on? Voting yes for the $700,000,000,000 "Too Big To Fail" bank bailout.

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