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Obama calls for spending surge, buoyed by rising economy
Associated Press ^
| Jan 29, 2015 8:14 PM EST
| Josh Lederman and Andrew Taylor
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.
(Excerpt) Read more at hosted.ap.org ...
TOPICS: Business/Economy; Crime/Corruption; Government; US: District of Columbia
KEYWORDS: fiscalabyss; fiscalcliff; govtspending; liberalagenda; moretrillions; obama; porkulus; shovelready; stimulus
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1
posted on
01/29/2015 6:14:59 PM PST
by
Olog-hai
To: Olog-hai
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.
2
posted on
01/29/2015 6:18:05 PM PST
by
Tenacious 1
(POPOF. President Of Pants On Fire.)
To: Olog-hai
I guess 15-30% overspending your non-existent budget is now considered “mindless austerity.”
3
posted on
01/29/2015 6:18:18 PM PST
by
USNBandit
(sarcasm engaged at all times)
To: FReepers; Patriots; FRiends
4
posted on
01/29/2015 6:19:18 PM PST
by
onyx
(Please Support Free Republic - Donate Monthly! If you want on Sarah Palin's Ping List, Let Me know!)
To: Tenacious 1
No matter how “unpatriotic” I said it was seven years or so ago . . .
5
posted on
01/29/2015 6:21:30 PM PST
by
Olog-hai
To: Olog-hai
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.
To: Olog-hai
a lead q-tip at muzzle velocity
To: Olog-hai
So let me see if I get this straight. If the economy is down, the way to fix it is massive government borrowing and spending. When the economy shows signs of improving, the answer is more spending. Tell me libtards, is there ever a time you guys are not in favor of increased government spending and control? Ever?
8
posted on
01/29/2015 6:22:26 PM PST
by
ThunderSleeps
(Stop obarma now! Stop the hussein - insane agenda!)
To: Olog-hai
9
posted on
01/29/2015 6:25:41 PM PST
by
JPG
(The GOPe will always find a way to surrender)
To: Olog-hai
Declaring an end to mindless austerity, President Barack Obama called for a surge in government spending Thursday,This is satire, right?
10
posted on
01/29/2015 6:25:47 PM PST
by
P-Marlowe
(Saying that ISIL is not Islamic is like saying Obama is not an Idiot.)
To: Olog-hai
“Taking a defiant tone”
Nothing new there.
11
posted on
01/29/2015 6:26:22 PM PST
by
mylife
To: Olog-hai
How about an end to mindless austerity spending,
12
posted on
01/29/2015 6:26:33 PM PST
by
Brandonmark
(There is still hope for our country! 11.04.2014 - DAY OF RENEWAL)
To: Olog-hai
Taking a defiant tone, ObamaHold on. You are telling me Obama is saying FU to everyone???!?
THAT IS SO UNLIKE HIM!
13
posted on
01/29/2015 6:27:34 PM PST
by
Lazamataz
(With friends like Boehner, we don't need Democrats. -- Laz A. Mataz, 2015)
To: mylife
Imagine Obama discovering humility?
14
posted on
01/29/2015 6:27:49 PM PST
by
Olog-hai
To: Olog-hai
Never gonna happen.
Mark my works.
This guy will be the center of attention for the rest of our lives.
15
posted on
01/29/2015 6:30:11 PM PST
by
mylife
To: Olog-hai
$18T+ in debt and counting. Not a cut in sight. Yea, riiiiight.
16
posted on
01/29/2015 6:30:42 PM PST
by
VRWC For Truth
(Roberts has perverted the Constitution)
To: mylife
Unlikely. Now that we’re back to a “multi-polar” world, some new demagogue will steal the stage from Obama eventually.
17
posted on
01/29/2015 6:31:29 PM PST
by
Olog-hai
To: Olog-hai
"Obama calls for spending surge, buoyed by rising economy"
He's acting really affluent. Who's been supplementing his income?
To: ThunderSleeps
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
19
posted on
01/29/2015 6:33:22 PM PST
by
digger48
To: Olog-hai
20
posted on
01/29/2015 6:34:27 PM PST
by
mongo141
(Revolution ver. 2.0, just a matter of when, not a matter of if!)
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