“The principle of spending money to be paid by posterity, under the name of funding, is but swindling futurity on a large scale.” –Thomas Jefferson
How many times have you heard Obama use the word “funding” or “invest”? He actually thinks he can “fund” jobs or “invest” to make jobs (as stated in his SOTU show.) But now is his concerned about spending, so much so, he will enact a freeze!
A closer look at this diet reveals that the freeze would apply to a budget that enjoyed a 20 percent increase in 2009, courtesy of the Democrats’ largesse. Under the guise of “tacking to the center” in the wake of his trip to the woodshed in the Massachusetts election, the president’s proposal would actually lock in a sizable spending increase during those years, as opposed to a real freeze. (No wonder Republicans burst out laughing during the SOTU.)
Furthermore, while the plan claims savings of roughly $250 billion over the next decade, the freeze applies only to non-defense-related discretionary spending, or roughly 17 percent of the total federal budget. Even at that, however, the cap is by no means across the board. Education and job creation initiatives would receive increases, because everyone knows government creates jobs, and education … well, as long as we keep throwing more money at it, it’ll get better, right?
Feel better? Me either!