Saturday, January 22, 2011

Obama To Call For More Spending in SOTU Address


Obama to Push For New Spending in State of Union Address

In November 2008 after the election Obama promised that he would cut wasteful spending. Instead, Obama tripled the national deficit in one year.

When Speaker Pelosi took over Congress the national deficit was $162 billion. When she left this month as Speaker it was $1.29 trillion dollars.


Obama to Push New Spending

Wall Street Journal - 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. - Entire column > >

Blog author's comments - Obama will supposedly say that his focus this next year will be on creating jobs but also on spending more money.

I cannot watch and listen to Obama give his SOTU address, more useless rhetoric and no substance. We already know that nothing good can be accomplished with his plan for the country.

Are the Dems and the GOP going to sit together? Obama needs all the blending he can get while trying to sooth the anger which will hopefully be coming from the Republican Party.

Obama was always going to focus on jobs. Now it's back to Green Energy or Green Jobs for those who still believe him. What it actually means is that he will attempt to spend plenty of green cash for nothing. Isn't spending the only solution to every problem that Obama faces?

What would make the evening more interesting is if a certain group of five Supreme Court Justices would stand up and walk out. Do this while saying sorry but we won't be able to stay for the entire SOTU address. This is what should have occurred last year after they were chastised by Obama.


h/t: GWP

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