‘We have instituted pay-go’ – what a laugh. Democrats in Congress call everything ’emergency spending’ so that the pay -go rules will not apply. Only the Republicans are trying to staunch the bleeding in run away government spending. Now Obama warns that he will be calling the bluff of those wanting to reduce deficits when he introduces major tax increases like a VAT added on top of the income tax.

You can tell the questioner points out what we all know. Obama’s ‘redistributive’ agenda is fueled by massive spending and there is no confidence that he is remotely interested in cutting the deficit or reducing debt.

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