Pay Your Own Bills First Mr. President

Believe it or not, the Democratic National Committee has not paid the city of Chicago for its massive party at Grant Park the night Obama was elected President. In such dire economic times, the President of the United States has not paid the $1.74 million bill for the grand party. The Mayor of Chicago has said that he is confident the money will be paid because the campaign raised a lot of money and there was no shortage of money. There is no reason that would prevent the Obama campaign from paying back all of the expenses incurred on that historic night.

 

Doesn’t President Obama understand that the almost $2 million owed to the city of Chicago is a very large sum of money that can pay bills and salaries? So I guess the President is applying the same method many have to their housing crisis: spend it now, promise to pay it back, and then walk away from it. As I read somewhere, that kind of economics is called Dead-beat-onomics.

 

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