Obama unveils $3.83T budget with massive deficits
President Barack Obama sent Congress a $3.83 trillion budget on Monday that would pour more money into the fight against high unemployment, boost taxes on the wealthy and freeze spending for a wide swath of government programs.
The deficit for this year would surge to a record-breaking $1.56 trillion, topping last year’s then unprecedented $1.41 trillion gap. The deficit would remain above $1 trillion in 2011 although the president proposed to institute a three-year budget freeze on a variety of programs outside of the military and homeland security.
(Read more from news.yahoo.com)
Obama vows to fight for jobs in retooled message
President Barack Obama tried to revive his battered agenda and rally despondent Democrats on Friday with a renewed emphasis on jobs. (Read more from news.yahoo.com)
This lies somewhere between idiocy and shameless pandering. The pandering is evidenced in the obscene something-for-everyone budget which attempts to buy votes by sprinkling money on every special interest you’ve ever heard of. The idiocy comes from running a deficit on one hand and from presuming to create jobs on the other. In fact, government does not have the power to create jobs, because government has nothing which it doesn’t take from its people. Government only has the power to redirect jobs. Efficient, private-sector jobs must be destroyed so that in-efficient, politically motivated, public-sector jobs might be created.