Obama outlines activist second term in State of the Union
President insists spending plan won’t add ‘a single dime’ to the deficit
The Washington Times
Dave Boyer
2/12/2013
Excerpt:
Laying out an activist, big-spending second-term agenda, President Obama called on Congress in Tuesday night’s State of the Union address to spend more on job-creation proposals for the middle class and claimed it would not add to the nation’s huge budget deficits.
After four years of weak economic recovery, Mr. Obama issued a plea for lawmakers to approve more spending on infrastructure, renewable-energy projects and education. He also called for an increase of the federal minimum wage, to $9 per hour up from $7.25, saying “in the wealthiest nation on Earth, no one who works full-time should have to live in poverty.”
“A growing economy that creates good, middle-class jobs — that must be the North Star that guides our efforts,” Mr. Obama said in his fourth State of the Union address. “It is our generation’s task, then, to reignite the true engine of America’s economic growth — a rising, thriving middle class.”
In a one-hour address that was mainly aimed at his Democratic base, Mr. Obama called for action on climate change, comprehensive immigration reform, voting rights and gun control. But the main thrust of his speech was devoted to proposals to boost the economy through more government spending. - (bold and underline emphasis added)
The president proposed tens of billions of dollars in new spending, including a $50 billion program to fix aging bridges nationwide, $15 billion to rebuild communities hard-hit by the housing crisis and a sweeping expansion of early-childhood education services.
He argued that all his proposals will be paid for, and they won’t add to the annual deficit that has been running at more than $1 trillion per year for his entire term of office.
..........................................
View the complete article, including video, at:
http://www.washingtontimes.com/news/...udget-deficit/
President insists spending plan won’t add ‘a single dime’ to the deficit
The Washington Times
Dave Boyer
2/12/2013
Excerpt:
Laying out an activist, big-spending second-term agenda, President Obama called on Congress in Tuesday night’s State of the Union address to spend more on job-creation proposals for the middle class and claimed it would not add to the nation’s huge budget deficits.
After four years of weak economic recovery, Mr. Obama issued a plea for lawmakers to approve more spending on infrastructure, renewable-energy projects and education. He also called for an increase of the federal minimum wage, to $9 per hour up from $7.25, saying “in the wealthiest nation on Earth, no one who works full-time should have to live in poverty.”
“A growing economy that creates good, middle-class jobs — that must be the North Star that guides our efforts,” Mr. Obama said in his fourth State of the Union address. “It is our generation’s task, then, to reignite the true engine of America’s economic growth — a rising, thriving middle class.”
In a one-hour address that was mainly aimed at his Democratic base, Mr. Obama called for action on climate change, comprehensive immigration reform, voting rights and gun control. But the main thrust of his speech was devoted to proposals to boost the economy through more government spending. - (bold and underline emphasis added)
The president proposed tens of billions of dollars in new spending, including a $50 billion program to fix aging bridges nationwide, $15 billion to rebuild communities hard-hit by the housing crisis and a sweeping expansion of early-childhood education services.
He argued that all his proposals will be paid for, and they won’t add to the annual deficit that has been running at more than $1 trillion per year for his entire term of office.
..........................................
View the complete article, including video, at:
http://www.washingtontimes.com/news/...udget-deficit/
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