Morning Bell: Conservatives Must Lead Where Obama Has Failed

Conn Carroll / January 27, 2011

In his Tuesday State of the Union address, President Barack Obama said Americans must “understand [that] if we don’t take meaningful steps to rein in our debt, it could damage our markets, increase the cost of borrowing, and jeopardize our recovery—all of which would have an even worse effect on our job growth and family incomes.” This is all true. But then in a total failure of leadership, President Obama went on to completely abandon his own deficit commission’s spending cut proposals.

Today, the Congressional Budget Office (CBO) confirmed that our nation simply can’t afford President Obama’s failed leadership for much longer. This new CBO 10-year budget baseline shows an unprecedented $1.5 trillion deficit for this fiscal year—an increase of $95 billion over their last estimate. This will be the third consecutive year of trillion-dollar deficits. (more…)