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Speaking today when he released details of his budget, a haughty President Obama declared:

We can no longer afford to spend as if deficits do not matter and waste is not our problem. We can no longer afford to leave the hard choices for the next budget, the next administration – or the next generation.

What followed was a speech announcing $17 billion in proposed budget cuts to a $3.4 trillion budget. Yet as even the Washington Post notes, last year, the Bush administration -- which candidate Obama called "the most fiscally irresponsible administration in history" -- proposed $34 billion in cuts in its final budget. 

Once again, as Shakespeare put it:

Do not, as some ungracious pastors do,
Show me the steep and thorny way to heaven;
Whiles, like a puff'd and reckless libertine,
Himself the primrose path of dalliance treads,
And recks not his own rede.
--Hamlet, I, iii, 51-55