What should we expect from the State of the Union speech tonight? We should expect Obama to argue against spending cuts, and for more spending.
President Obama will use his State of the Union speech Tuesday to turn public opinion against automatic spending cuts and argue that some of the money to replace the cuts should instead come from higher taxes.
He will use the prime-time TV address to argue the economy would be damaged if $85 billion in automatic spending cuts were to go ahead on schedule on March 1, and will seek to set up Republicans to take the blame if they do.
The State of the Union address is also expected to highlight Obama’s second-term shift on the deficit.
From 2010 to 2012, the president consistently argued for new spending to spur on the economy, but also called for accompanying spending cuts and tax hikes to rein in the deficit.
But in his radio address on Saturday, Obama emphasized that the White House and Congress already have “cut our deficit by more than $2.5 trillion” through spending cuts and higher tax rates imposed on households with annual incomes above $450,000.
Look at the graph above. Does that look like we have cut our deficit? It used to be $160 billion in 2006/2007 under George W. Bush. Obama ran trillion dollar deficits for FOUR years. How is that cutting the deficit? What is Obama talking about? Bush added $4 trillion to the debt in 8 years, Obama’s added nearly $6 trillion to the debt in 4 years.
A Congressional Budget Office report issued last week found the budget deficit will drop below $1 trillion this year to $845 billion, before falling further by 2015 to $430 billion.
In a more ominous sign, the same CBO report found an aging population and soaring healthcare costs would lead to an explosion in entitlement spending in later years, with budget deficits approaching $1 trillion again by 2023.
Obama thinks that not reforming entitlements is fiscally responsible. Should we believe that he knows what he is doing when it comes to the economy?
The Heritage Foundation says we shouldn’t believe Obama, because he lied the last time he gave a State of the Union speech.
Excerpt: (links removed)
Take a look at some of the promises Obama made back in 2009 during his first State of the Union.
“I pledged to cut the deficit in half by the end of my first term in office.”
During his first State of the Union, newly inaugurated President Obama vowed to cut the deficit in half by the end of his first term. Instead, Obama has averaged deficits nearly three timesthat of his predecessor.
For those who were concerned with President George W. Bush’s $4 trillion national debt, this pledge may have seemed like the “hope and change” the American people voted for in 2008. However, the reality of America’s additional debt over the past four years under the Obama Administration is staggering—almost $6 trillion in four years, on track to triple the amount Bush accumulated over his eight years as President. Now that Obama is heading into his second term, we’ve seen quite a change from the Barack Obama who thought $4 trillion in debt was“irresponsible” and “unpatriotic.”
“Over the next two years, this [stimulus] plan will save or create 3.5 million jobs.”
The President promised great things from the stimulus plan, but as Heritage’s J.D. Foster has said, we have to look at his record. He may have promised 3.5 million new jobs, but he’s 7.7 million jobs in the hole instead.
“…we must have quality, affordable health care for every American. It’s a commitment that’s paid for in part by efficiencies in our system that are long overdue.”
President Obama’s promise that Obamacare would provide health insurance for every American has been proven false. According to the Congressional Budget Office, 30 million Americans are projected to remain uninsured even after Obamacare is fully implemented.
The idea that Obamacare would improve the “efficiencies” of the health care system is laughable. Obama’s plan for “efficiencies” in the system was just slashing Medicare provider reimbursement rates to the tune of $716 billion to help pay for Obamacare. The mammoth law is going to take 127 million hours of paperwork per year for Americans to comply with it. And Members of Congress are already walking back their support for the law—they are grumbling about several parts of it and even repealed one part in the fiscal cliff deal.
What the Republicans should do is just walk out of there. Why sit there and listen to high-minded rhetoric that never amounts to anything? Well, except to make Obama feel good about himself.