File this one in the "are these people for real" vault. During the negotiations between the White House and Congress, Barack Obama told House Speaker John Boehner that America "does not have a spending problem." What planet did this guy come from?
In a report from the Wall Street Journal, economist Steve Moore sat down with Boehner and learned more about the behind-the-scenes conservations that went on while trying to avert the dreaded "fiscal cliff," including Obama's statement that "we don't have a spending problem."
The president's insistence that Washington doesn't have a spending problem, Mr. Boehner says, is predicated on the belief that massive federal deficits stem from what Mr. Obama called "a health-care problem." Mr. Boehner says that after he recovered from his astonishment—"They blame all of the fiscal woes on our health-care system"—he replied: "Clearly we have a health-care problem, which is about to get worse with ObamaCare. But, Mr. President, we have a very serious spending problem." He repeated this message so often, he says, that toward the end of the negotiations, the president became irritated and said: "I'm getting tired of hearing you say that."
When a person acts like this or thinks that all of the massive spending and debt is NOT a spending problem, what is America to do?