We Are Headed For A Fiscal Stroke
Guests today will include three GOP Congressmen –David Dreier, Mike Pence and Mark Kirk– all reacting to the president’s astonishingly irresponsible budget with a deficit of $1.6 trillion. The budget deficit was $161 billion in 2007. It has increased ten fold in three years, and there is not a TARP or gigantic stimulus bill to blame this spending spree on. President Obama is courting a national fiscal stroke in the form of a currency crisis or the crash of the dollar with these policies. November cannot get here soon enough, though the Republicans will have to run on their willingness to spare nothing and no one –including earmark lovers– from the strong spending medicine that must occur.
I will also be covering the extraordinary press conference by Steve Poizner who is running for the GOP nomination for governor against Meg Whitman. This seems like the move of a desperate campaign, and not one likely to inspire confidence in California’s Insurance Commissioner.