Barack Obama is not worried about balancing budgets...

Barack Obama does not get it.

Barack Obama conveniently forgets that the brief balanced budget of the late 1990s, were not due to Bill Clinton. It was because Newt Gingrich and the GOP House at the time held the line on spending and demographically social security payments exceeded what was being paid out.  Bill Clinton did not balance the budget, he just happened to be in office when it happened.  Obama's current allies conveniently forget that too.

The economy would really grow (not a false Wall Street surge) if there were an effort to control spending.  Trillion dollar deficits are not sustainable.  The United States is no different than any economy or business, if it keeps spending in an unsustainable manner it will eventually collapse.  You cannot tax your way out of it either, because raising taxes (with current and increased spending) kills growth.  That is why the Paul Ryan plan makes sense.  A growing economy would eliminate unemployment and would be a huge benefit for the most vulnerable.

Update:  Barack Obama--you should be thanking me!  Frugality is for the little people!