Republican activists laughed at President’s Barack Obama’s claim that his new laundry list of spending programs won’t add 10 cents to the deficit.
“Nothing I’m proposing tonight should increase our deficit by a single dime,” Obama told the nation during his 2013 State Of The Union speech.
His list of proposed programs include a national pre-school program, government aid in getting low-interest mortgages to millions of homeowners, a project to repair houses, more job-training programs and an increase in the minimum wage.
The GOP reacted promptly to Obama’s speech, which began at 9.00 pm. EST.
“FYI, Obama is right, he hasn’t added a single dime to the debt, he’s added 58.6 trillion dimes,” said a 9.41 p.m. message from Joe Pounder, the research chief at the Republican National Committee.
The committee quickly released a video showing Obama’s repeated claims that his policies would not cost a dime, and contrasting those claims with the $5.8 trillion in new debt created during Obama’s first four years.
However, Obama suggested that his extra spending will be offset by increased taxes, and should not increase the government’s near-$1 trillion annual deficit.
Obama is promising magic beans and unicorns covered in fairy dust. I’m still waiting for that pony he promised us the first time. Not that I ever believed him.
Unfortunately the Republicans threw away all their credibility on fiscal matters during the Reagan-Bush-Bush II years. I don’t think either party really wants to reform the federal budget, they just don’t want to be the ones left holding the bag when the fit hits the Shan.
You can hardly blame them. Telling voters the truth is not good for a politician’s career. Just ask Mitt Romney.
Both sides posture and pose, then cravenly kick the can down the road. Are they just postponing the inevitable or do they really think the damn horse will eventually learn to sing?
We need government. Correction: We need good government. We need cops and teachers and soldiers and sailors. We need inspectors and tax collectors. And bless their hearts we need bureaucrats too.
There are things that the government must do. There are things that government should do. There are things that government can do. And there are things the government has no business doing.
But nothing is free. Among the issues we need to discuss are how much government do we need, how much government do we want, and most importantly how much government can we afford?
Reasonable people can disagree. But there is a moral hazard problem when voters can vote themselves benefits and shove the costs off onto someone else. It’s kinda like going to a casino with someone else’s money and being told you can keep your winnings but don’t have to repay your losses.
“Real ponies don’t oink” – Patrick F. McManus