The Buck Stops… With The Last GuySeptember 1st, 2010 by Lee Eldridge
“Unfortunately, over the last decade, we have not done what is necessary to shore up the foundation of our own prosperity. We have spent over a trillion dollars at war, often financed by borrowing from overseas. This, in turn, has short-changed investments in our own people, and contributed to record deficits. For too long, we have put off tough decisions on everything from our manufacturing base to our energy policy to education reform. As a result, too many middle class families find themselves working harder for less, while our nation’s long-term competitiveness is put at risk.” This is from President Obama’s speech on Iraq, August 31, 2010.
“You know, it’s easy for the Monday morning quarterback to say what the coach should have done, after the game is over. But when the decision is up before you — and on my desk I have a motto which says The Buck Stops Here’ — the decision has to be made.” This is from President Truman’s farewell address to the American people given in January 1953.
President Obama has continued to blame “eight years of failed policies” for our current economic climate. Never mind that the democrats have been in control of Congress since the 2006 election. Never mind that recessions are cyclical and unavoidable. But now President Obama has stated that the war on terror, and the money spent in Iraq and Afghanistan, is to blame for our current lack of prosperity. Hhhmmm, one trillion spent over the last decade fighting terrorism, or this year alone where we have a $1.3 trillion deficit due largely to out of control spending from the White House and Congress. And projections for another trillion plus next year in deficit spending.
Where does the buck stop? I guess with Obama it still stops with the last guy.