Same Old, Same Old… Obama Will Call For More Spending in State of Union Address: "
In November 2008 after the election Obama promised that he would cut wasteful spending.
Well, that never happened.
Instead, Barack Obama tripled the national deficit in one year. When Speaker Pelosi took over Congress the national deficit was $162 billion. When she exited this month as Speaker it was $1.29 Trillion dollars.
The national deficit topped a trillion dollars in Obama’s second year, too.
(The Captain’s Comments)
Spending was up 84% under Obama.
He’s not through yet.
Obama will announce in his State of the Union Address this week that he is going to increase spending.
The Wall Street Journal reported:
President Barack Obama will call for new government spending on infrastructure, education and research in his State of the Union address Tuesday, sharpening his response to Republicans in Congress who are demanding deep budget cuts, people familiar with the speech said.
Mr. Obama will argue that the U.S., even while trying to reduce its budget deficit, must make targeted investments to foster job growth and boost U.S. competitiveness in the world economy. The new spending could include initiatives aimed at building the renewable-energy sector—which received billions of dollars in stimulus funding—and rebuilding roads to improve transportation, people familiar with the matter said. Money to restructure the No Child Left Behind law’s testing mandates and institute more competitive grants also could be included.
While proposing new spending, Mr. Obama also will lay out significant budget cuts elsewhere, people familiar with the plans say, though they will likely fall short of what Republican lawmakers have requested.
Of course, Obama’s new green investments aren’t cheap either. The White House will give tax credits which will go to 183 projects in 43 states under the $787 billion economic recovery stimulus program approved last year by Congress. His ‘green jobs’ will cost $135,295 each.
That’s just one reason why community organizers don’t make good presidents.
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