Tuesday, February 2, 2010
WSJ's Take on Obama's Budget
I laid out a few small details of Obama's budget plan yesterday, but the Wall Street Journal summed the President's plan up perfectly:
"If this budget is Mr. Obama's first clear demonstration of his long-term governing priorities, then it's hard not conclude that this spending boom is deliberate. It is an effort to put in place programs and spending commitments that will require vast new tax increases and give the political class a claim on far more private American wealth. Despite talk of "tough choices" in yesterday's document, the Administration wants $25 billion in new spending for states for Medicaid, $100 billion for yet another jobs "stimulus," big boosts in spending for low-income family programs, for health research, heating assistance and education. If Mr. Obama's priorities become law, federal outlays will have grown an astonishing 29% since 2008."
It is unfathomable that Obama would propose an increase to the tune of thirty percent more government spending while in the midst of the worst economic crisis since the Great Depression. I hope the braindead members of congress realize now that this is the opposite of deficit-reducing and the opposite of what the American people have urged Washington to do beginning with the Tea Party movement and ending with the election in Massachusetts. Let's hope they don't have the same hard-headed, full steam ahead mentality and they'll rip this loaded piece of garbage apart.
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