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Obama: Then vs. Now on Debt and Entitlement Reform

8:42 AM, Feb 15, 2011 • By JOHN MCCORMACK
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Sen. Jeff Sessions' (R, Ala.) budget committee staff has picked apart President Obama's budget proposal with a new paper and a few charts. Sessions' team is also highlighting this Washington Post story published just a few days before Obama took office in 2009: "Obama Pledges Entitlement Reform."

‘What we have done is kicked this can down the road. We are now at the end of the road and are not in a position to kick it any further,’ [Obama] said. ‘We have to signal seriousness in this by making sure some of the hard decisions are made under my watch, not someone else's.’” 

Of course, Obama's budget doesn't deal with entitlements at all--it puts the country on track to amass more than $17 trillion in debt by 2019:

debtdebt

In 2006, then-Senator Barack Obama warned: “Every dollar we pay in interest is a dollar that is not going to investment in America's priorities. Instead, interest payments are a significant tax on all Americans—a debt tax that Washington doesn't want to talk about. If Washington were serious about honest tax relief in this country, we would see an effort to reduce our national debt by returning to responsible fiscal policies.” 

Under Obama's budget, the United States will owe $844 billion in interest on the debt in 2021: So, if not now, when does the president intend to "signal seriousness in this by making sure some of the hard decisions are made under my watch, not someone else's"?

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