Here’s the relevant part of the transcript, just so no one thinks he’s being taken out of context:
Q His rhetoric, the words he chose today, talking about how we’ve got to stop spending money like it’s Monopoly money and deficits matter and all that — it sounds like he’s saying that but saying, but we’ve got to wait on that part of it. In other words, he’s, like, talking at cross purposes to the budget he actually submitted.
MR. GIBBS: No, no, look, we — look, we all understand we had to take extraordinary measures, again, to get this economy going. Are we spending more money on unemployment insurance than the President would like? Yes, on two accounts. One, it’s money that we’re having to spend, and having to spend that money means more and more people are unemployed. Are we having to spend money on a Recovery Act that, all things being equal, the President would like to not have to do? Absolutely. We have to get our economy moving again, we have to create jobs. That will improve our medium- and long-term deficit picture.
Understanding, too, that the President has also taken some extraordinary steps, Mark, in terms of pay as you go, the — we spent a lot of time in the past year talking about health care — a proposal that the President laid out a specific path for paying for. We are where we are today partly because of this economic downturn, but partly because for a long time we had two wars that we weren’t paying for. We had tax cuts that we weren’t paying for. And we had a prescription drug benefit that, although very worthy, we never paid for.
We have to return to some very common-sense principles that everyday Americans live by every time they go to the grocery store or want to go to the movies or cash their paycheck, and that is you can’t spend more than you have.
Translation: It’s Bush’s fault.
Toldjah so (not that it was hard to predict).
- India Times – Analysts say Obama budget projections may be too rosy