Defending Fiscal Insanity - John R. Lott Jr. - National Review Online
In President Obama’s address to the Associated Press Luncheon on Wednesday, he claimed that he is preventing disaster. Republican congressman Paul Ryan’s proposed budget cuts would still allow publicly held debt to increase by $5.5 trillion over the next ten years, but to Obama, they mean Americans will be dying from starvation and defenseless from hurricanes and other natural disasters.
“Demagoguery” is not too strong of a word to describe Obama’s speech. Two million mothers and young children will be left without “access to healthy food.” Violent crime will soar and illegal aliens will flood across our borders because of cuts in law enforcement. “Hundreds of national parks” will close. We won’t be able to “protect the air we breathe, the water we drink, or the food that we eat.” Airline flights will be cancelled or delayed, and safety will be threatened in parts of the country. “Weather forecasts would become less accurate.” Governors and mayors will “wait longer to order evacuations in the event of a hurricane.” The list went on and on.Remember how Obama promised that the stimulus spending was going to be temporary. But now Obama tells Americans that not only can’t this spending be trimmed, it must be increased dramatically. When the Congressional Budget Office evaluated Obama’s 2013 budget proposal in March, it concluded that his new spending was going to add another $3.5 trillion to the deficit over the next ten years, a deficit that was already expected to be huge.
As a candidate, Obama claimed that one cause of the economic crisis was the large deficits the country was running, and he promised that he would fix things by cutting government spending. During the third presidential debate, just over two weeks before the election, Obama promised to rein in the budget deficit.
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