Articles

Obama's Fiscal Fantasy World

January 05, 2010

After President Obama devoted much of 2009 to health care and global warming—two issues far down Americans' list of concerns—the White House says he will pivot to jobs and deficit reduction in his State of the Union speech in a few weeks. The White House is considering dramatic gestures, perhaps announcing a spending freeze or even a 2% or 3% reduction in nondefense spending.

But Americans shouldn't be misled by the election year ploy: Mr. Obama rigged the game by giving himself plenty of room to look tough on spending. He did that by increasing discretionary domestic spending for the last half of fiscal year 2009 by 8% and then increasing it another 12% for fiscal year 2010.

So discretionary domestic spending now stands at $536 billion, up nearly 24% from President George W. Bush's last full year budget in fiscal 2008 of $433.6 billion. That's a huge spending surge, even for a profligate liberal like Mr. Obama. The $102 billion spending increase doesn't even count the $787 billion stimulus package, of which $534 billion remains unspent.

FULL ARTICLE: http://bit.ly/8wJ3B1

Related Article

A19d43065bc26c839dd9c0d739f3cf83
April 24, 2025 |
Article
You’d think things couldn’t get any worse for Democrats after a March 11 NBC News survey found only 27% of Americans had a positive view of the party—its lowest rating ever in the poll.   ...
5764bc048ca78311e9d4185efc5c5ef0
April 17, 2025 |
Article
We aren’t 100 days into Donald Trump’s second term and many Americans are already exhausted. They’ve had way too much thrown at them.   ...
B24598d0f10a03fb109ae46ef5278a83
April 10, 2025 |
Article
Common sense prevailed Wednesday when President Trump announced he’d pause tariffs on most countries for 90 days.  ...
7bd49868130cc5ec2f577aa791c91bc5
April 03, 2025 |
Article
The GOP’s political dashboard is flashing a yellow caution light after Republicans faced their first electoral tests of President Donald Trump’s second-term Tuesday.  ...
Button karlsbooks
Button readinglist
Button nextapperance