*Obama's Numbers Don't Add Up: *So says the Associated Press
<http://news.yahoo.com/s/ap/20110126/ap_on_re_us/us_state_of_union_fact_check_5>,
and they have examples to prove that point.
The ledger did not appear to be adding up Tuesday night when
President Barack Obama urged more spending on one hand and a
spending freeze on the other.
Obama spoke ambitiously of putting money into roads, research,
education, efficient cars, high-speed rail and other initiatives in
his State of the Union speech. He pointed to the transportation and
construction projects of the last two years and proposed "we
redouble these efforts." He coupled this with a call to "freeze
annual domestic spending for the next five years."
But Obama offered far more examples of where he would spend than
where he would cut, and some of the areas he identified for savings
are not certain to yield much if anything.
Freezing spending at current levels is like deciding to maintain your
current diet after you have become obese.
USA Today comes to a similar conclusion
<http://www.usatoday.com/news/washington/2011-01-25-state-of-the-union-fact-check_N.htm?csp=34news&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+usatoday-NewsTopStories+%28News+-+Top+Stories%29>.
The president says any investments should not increase the deficit,
but he didn't say how to do that, other than by eliminating billions
of dollars in tax breaks to oil companies. House Transportation
Committee Chairman John Mica, R-Fla., has mentioned using money left
over from the $814 billion stimulus law passed in 2009. Ed DeSeve,
the White House point man on stimulus implementation, said in
October that only $110 billion remained unspent, including $45
billion in tax cuts.
Have Obama's numbers /ever/ added up? Or is that question too cynical?
- 6:00 AM, 26 January 2011 [link]
<http://www.seanet.com/%7Ejimxc/Politics/January2011_4.html#jrm9557>
From Jim Miller on Politics
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