Obama Suddenly Notices the Deficit

And he did so on Fox News:

President Barack Obama gave his sternest warning yet about the need to contain rising U.S. deficits, saying on Wednesday that if government debt were to pile up too much, it could lead to a double-dip recession.

With the U.S. unemployment rate at 10.2 percent, Obama told Fox News his administration faces a delicate balance of trying to boost the economy and spur job creation while putting the economy on a path toward long-term deficit reduction.

His administration was considering ways to accelerate economic growth, with tax measures among the options to give companies incentives to hire, Obama said in the interview with Fox conducted in Beijing during his nine-day trip to Asia.

"It is important though to recognize if we keep on adding to the debt, even in the midst of this recovery, that at some point, people could lose confidence in the U.S. economy in a way that could actually lead to a double-dip recession," he said.

You have to wonder if this message was not intended for the general public, but specifically for Fox News viewers, a demographic that's far more concerned with deficits than the other networks. Given that all Obama and the Dems have done is pile spending on top of spending, you know he's not serious about all this deficit talk. If he was serious he would immediately propose cancellation of the balance of the Porkulus Bill, only 14% of which has been spent and which has proven to be completely ineffective. Some $700 billion in new debt could be eliminated on the spot.