Does this leave any doubt as to how O views the deficit?

[easymoney]

Democrats Argue for Fairer Allocation of Nation’s Collective Wealth

Both President Obama and House Minority Leader Nancy Pelosi (D-Calif) labeled GOP demands that the federal deficit be reduced by focusing on cuts in government spending “narrow minded.”

“By insisting on looking only at federal spending they’re ignoring 75% of the economy,” the President complained. “America produces $15 trillion of output per year. The federal government only spends $3.5 trillion of that. What we’re saying is that the fairest way to cut the deficit is to take a slice out of the bigger piece of the pie that currently is allocated to the private sector.”

“Every dollar we let the private sector take out of the nation’s GDP is a dollar that could be used to reduce the federal deficit,” Obama explained. “By siding with those who are already hogging the bigger share of the collective wealth of America, the GOP is siding with selfishness over community.”

“The Republicans’ argument that the private sector is earning its wealth overlooks the fact that the government is letting them do this,” Pelosi maintained. “The amount of the nation’s wealth that is allowed to flow to the private sector is a discretionary decision. The GOP’s attempt to assert that a person who produces it  has some sort of claim on the output elevates greed over need as a matter of policy.”

Obama and Pelosi expressed optimism that “once the American people realize that the entire wealth of the nation can be redistributed by government action they will either press the Republicans to cooperate in the process or sweep them aside into the dustbin of history.”

The idea that government can make better use of the nation’s resources is cast into doubt by a recent Inspector General’s report showing that most of the $63 billion in taxpayer money spent to reconstruct Iraq has been wasted. Part of the money went to overpay for supplies like the $900 paid for a switch that retails for $7 and the $80 paid for pipe that retails for less than $2. Other funds went for construction projects never completed that now lie in ruins. Nearly a third of the $63 billion seems to have simply disappeared without a trace.

[Willy]

The Democrats and Obama are hell bent on turning the U.S. into a socialist country. What a difference in philosophy between socialists and capitalist systems.