Skip to comments.Obama calls for spending surge, buoyed by rising economy
Posted on 01/29/2015 6:14:59 PM PST by Olog-hai
Declaring an end to mindless austerity, President Barack Obama called for a surge in government spending Thursday, and asked Congress to throw out the sweeping budget cuts both parties agreed to four years ago when deficits were spiraling out of control.
Obamas proposed $74 billion in added spendingabout 7 percentwould be split about evenly between defense programs and the domestic side of the budget. Although hes sought before to reverse the sequester spending cuts, Obamas pitch in this years budget comes with the added oomph of an improving economy and big recent declines in federal deficits.
Taking a defiant tone, Obama vowed not to stand on the sidelines as he laid out his opening offer to Congress during remarks in Philadelphia, where House Democrats were gathered for their annual retreat.
We need to stand up and go on offensive and not be defensive about what we believe in, Obama said. Mocking Republicans for their leaders newfound interest in poverty and the middle class, he questioned whether they would back it up with substance when it mattered.
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Hey everybody! Look! The economy is starting to come back now all because of me. I told you this stuff would work. Now we just need to spend more money and the economy will get even better.
I guess 15-30% overspending your non-existent budget is now considered “mindless austerity.”
No matter how “unpatriotic” I said it was seven years or so ago . . .
In Keynsian economics, the government spends during a recession. In 2009, everyone turned into a Keynsian and passed TARP and QE. But when the economy is growing, Keynes wanted to cut back on government spending and pay down debt. Nobody in government ever remembers that part.
a lead q-tip at muzzle velocity
This is satire, right?
“Taking a defiant tone”
Nothing new there.
Hold on. You are telling me Obama is saying FU to everyone???!?
THAT IS SO UNLIKE HIM!
Imagine Obama discovering humility?
Never gonna happen.
Mark my works.
This guy will be the center of attention for the rest of our lives.
$18T+ in debt and counting. Not a cut in sight. Yea, riiiiight.
Unlikely. Now that we’re back to a “multi-polar” world, some new demagogue will steal the stage from Obama eventually.
in the late 90s, while Clinton was touting a balanced budget that he did not create, one of his final SOTU speeches included about 100 new spending programs at a cost of over a trillion dollars
F’ing spendthrift SOB!
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