President Barack Obama will call for new government spending on infrastructure, education and research in his State of the Union address Tuesday, sharpening his response to Republicans in Congress who are demanding deep budget cuts, people familiar with the speech said.
Mr. Obama will argue that the U.S., even while trying to reduce its budget deficit, must make targeted investments to foster job growth and boost U.S. competitiveness in the world economy. The new spending could include initiatives aimed at building the renewable-energy sector—which received billions of dollars in stimulus funding—and rebuilding roads to improve transportation, people familiar with the matter said. Money to restructure the No Child Left Behind law’s testing mandates and institute more competitive grants also could be included.
Yes sireee, while the nation reels from an economy that is faltering with increases costs from utilities, insurance, food, and housing the president wants more of the same spending to further devalue our currency and spending power.
Today I receive my driver’s license renewal and it went from $10 to $30. My utilities are asking for raises as well as the cost of food and other services. Meanwhile our partying president who holds elaborate meals with $350 bottles of wine and other costly cuisine thinks we need more spending to help us get deeper into debt.
Housing starts are the lowest it has been in 50 years, taxes are going up on property while home values are falling.
Much more can be stated about the economy and the wasted money we have seen that went toward paying off the unions, wall street as well as big business.
Let me address for the moment the cost that has been wasted on the renewable energy sector and how what I have seen is utilities that in the end have to be supplemented with regular utilities in order to maintain any usefulness. Projects like soar power that have been shown to be less than useful when it came to providing meaningful energy to power the electric grid.
Wind turbines that need more in maintenance to run than the savings it supposedly provides.
No Child behind has been shown to be less than fruitful because of the malaise of the teachers and the impossibility of grouping dissimilar children and trying achieve improvement in test scores.