How can more revenue create more debt? You spend your money to commit to things you know are going to cost too much in the long term, like infrastructure. From the Recovery Act to the American Jobs Act to the president’s 2013 budget proposal, transportation infrastructure spending has been a mainstay of White House economic policy.
After months of waiting, the decision on the health care law is finally at hand. What will happen if Obamacare gets past the Supreme Court and the Medicaid expansion takes place according to plan? Speculation has focused on the individual mandate, but requiring us to bow to turning Medicaid into the president’s public option is at least as damaging as forcing Americans to purchase insurance using the excuse that we need to reign in health care costs.
When we started 2012 by raising the debt ceiling there was a lot less noise from Capitol Hill than we heard last summer when legislators predicted catastrophe caused by their own reckless spending. Last August Congress pacified taxpayers by pawning off its responsibilities on a sure to fail Super Committee and a doomsday automatic spending cut scheme.
The president must have had a good laugh listening to criticism that his 2013 budget proposal is just more of the same. Say what you will, the man in the White House is no dummy. There is an invisible Obama budget, one that has little to do with the federal spending we heard about on Monday.
The decision by Ohio voters that collective bargaining for public employees is in their best interest is a shining example of why America embraces democracy. We have the right to make good decisions. We have the right to make bad decisions.
The person most responsible for preventing the economy from creating jobs wants to be our friend. “We can’t wait” is the Obama administration’s newest slogan. We Can’t Wait to Create Jobs, We Can’t Wait on Congress: The Time to Act is Now, and “We Can’t Wait” to Strengthen the Economy and Create Jobs are splashed across White House media releases.
Illinois helped to groom Barack Obama, and we will never be able to atone for the damage done. Those of us foolish enough to live in the Land of Lincoln thought we had trumped every state in the nation when it comes to our flagrant disregard for taxpayers.