Topic: Nothing I’m proposing----should increase our deficit | |
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Edited by
willing2
on
Thu 02/14/13 11:47 AM
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In his Tuesday State of the Union Address, President Barack Obama promised, “Let me repeat--nothing I’m proposing tonight should increase our deficit by a single dime.”
<<<Waving to his Puppet Master? The picture won't post. Must be offensive. I know, I'm offended and that ain't an easy task. That line quickly proved to be typical political rhetoric, as he spent the rest of his speech proposing myriad "investments" and expanded federal programs. And common sense dictates that such programs, if they are to have any noticeable effect, will cost more than a dime. But how much? The list examined here is only a partial one, as there is no way to estimate how much the “manufacturing hubs” Obama wants to create will cost—or his vague promises to spend more in general on education. But there are wishes on his list which should give us an idea of the massive growth in spending he wants. 1.Investment in green energy. If you add the costs of how much Obama has so far invested in 34 green energy companies which either failed or are heading for bankruptcy, the total is over $7 billion. 2.Regulations on carbon emissions. The estimated cost of what the United states would have to pay if it submitted to the Kyoto Protocol could range as high as four percent of the nation’s GDP. The nation’s GDP at the end of 2012 was $13.65 trillion. Four percent of that figure is $546 billion. 3.Fixing roads and bridges. According to the Federal Highway Administration in 2009, just to fix the nation’s bridges would cost $70.9 billion. That figure does not even address roads. 4.Making sure all kids can go to preschool. The average cost of preschools can range from $4,460 to $13,158 per year, according to the National Association of Child Care Resource & Referrals Agencies (NACCRRA). How many children are preschool age in America? Roughly 8 million. Multiply those children by the lower figure of $4,460 and that amount reaches over $35 billion. 5.New mortgage regulations that would allow families with “solid credit” to buy homes, a la Fannie Mae and Freddie Mac pre-financial crash. How much have Fannie and Freddie cost us? The Congressional Budget office says in the end the cost could reach $389 billion. Total the costs of just these five wishes from Obama, and you get $1,047,900,000,000—over 1 trillion dollars. The President has run a deficit over $1 trillion all four years of his first term in office, and he has not proposed a budget which will cut spending—only ones that reduce the rate of future spending growth. http://www.breitbart.com/Big-Government/2013/02/13/The-Cost-Of-Obama-s-SOTU-Wish-List ------------------------------------------------ Did anyone honestly believe Obama when he said that nothing he was proposing the night of his SOTU address would cost a single dime? Show of hands, please. |
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I laughed. He has told this lie many times.
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Edited by
alleoops
on
Thu 02/14/13 11:39 AM
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I feel sorry for the younger people who will realize, too late, that Obama is either stupid or a real good liar. Maybe both?
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I firmly believe we should go back to the, "Only property owners are allowed to vote."
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I firmly believe we should go back to the, "Only property owners are allowed to vote." and zombies. |
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I firmly believe we should go back to the, "Only property owners are allowed to vote." Maybe the founding fathers were smarter than us. Going back to the hanging tree next to the courthouse might not be a bad idea either. |
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I firmly believe we should go back to the, "Only property owners are allowed to vote." |
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I firmly believe we should go back to the, "Only property owners are allowed to vote." Maybe the founding fathers were smarter than us. Going back to the hanging tree next to the courthouse might not be a bad idea either. Not smarter, less jaded... |
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have a peek..
http://endoftheamericandream.com/archives/30-stupid-things-the-governemnt-is-spending-money-on Once reviewed, it would seem there is no way that these studies/subsidies could add to the deficit, right? What do you suppose went wrong? Where did the money actually go? |
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