Obama Has No Intention Of Cutting Spending

Believe it or not, the word of the week is not "cliff." Or "fiscal." It is "unserious."

Both sides in the negotiations over how to avoid the fiscal cliff—President Obama and House Republicans—have called the other side's proposal "unserious." There is always some posturing in these types of negotiations, and some of the rhetoric surely falls into one of the above categories. But the fact is, President Obama's proposal clearly shows he is not serious about reducing spending.

As House Speaker John Boehner said on Fox News last Sunday, 10,000 baby boomers retire every day. They know a nation that borrows 42 cents of every dollar it spends no longer can credibly promise them a public pension and reasonable healthcare. They may disagree on how to fix this, but they know the present situation is untenable, and more taxes and more spending are not the answer.

Read more from Ford O'Connell at U.S. News & World Report

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