Just like after Walter Sobchak in The Big Lebowski screwed up the cash hand off with Bunny Lebowski's captors, Barack Obama is throwing his hands up after driving the economy into the ground through reckless and record trillion dollar deficits. Screw it, Dude, let's go spending is the message undeniably sent through his new $3.8 trillion budget proposal.
From Politico's David Rogers:
The bottom line is a fourth straight year of $1 trillion-plus deficits and only marginal improvement in 2013 when the shortfall will narrow to $901 billion—still a far cry from what the president had promised when he took office in 2009.
Indeed, even if Obama were to win a second term and prevail on his entire tax agenda, the budget tables show that the deficit won’t fall back below 3 percent of GDP until 2018—after he will have left the White House.
With Obama set on spending more money we don't have in the vain attempt to create short term economic growth, and hence enhance his re-election chances, it's illustrative to look back on how Obama viewed racking up debt on federal spending when he wasn't up for re-election.
From then-Senator Obama in 2006:
"The fact that we're here today to debate raising America's debt limit is a sign of leadership failure. Leadership means 'The buck stops here.' Instead, Washington is shifting the burden of bad choices today onto the backs of our children and grandchildren. America has a debt problem and a failure of leadership. Americans deserve better. I therefore intend to oppose the effort to increase America's debt limit."
Despite Senator Obama's rhetoric on spending, President Obama just doesn't care. He's done with trying to cut the national debt. He's going spending.