Mike Pence on President Obama's SOTU address: "It appears the president is committed to more spending, more government . . ."
Mike Pence on President Obama's SOTU address: "It appears the president is committed to more spending, more government . . ."
Comments
Simply re-naming government spending as "investing" isn't going to fool anyone.
Borrowing more money (because we are insolvent) to "invest", in the hopes our investment will earn enough to pay back the principle AND interest is a pretty risky strategy.
This would be an opportune time for Obama & his advisors to enroll in a freshman Econ 101 class.
Pence would have had some variation of this response no matter what Obama had said.
It is only "investing" if a Republican is President.
Doug is right- did ANYONE expect Pence to agree? at any level?
Obama could have announced a cure for cancer and Pence would have criticized him. It's his job.
A person should invest only as much as they can loose. The government has a $14.009 Trillion debt. The deficit for 2011 will be very close to $1.8 Trillion.
Governments have no business investing in energy, agriculture, healthcare, or any of the many things that private and public companies do all the time.
Why do we continue to subsidize Ethanol? If you want to reduce oil imports, ban oil heaters in New England and change them out to using natural gas that ethanol plants use to convert corn to ethanol. You get rid of oil trucks, dirty energy, reduce demand for corn and soybeans, keeping prices low for beef, poultry and other livestock (grocery prices lower) and you reduce oil imports and improve efficiency in heating homes.
If you want to reduce smog, do not provide a $7,500 tax credit to buy an electric car where the majority of the electricity is produced by burning dirty coal.
A freeze in the budget does nothing. It is wishful thinking that a freeze will reduce the torrent of debt that is sinking the U.S. It is time to start throwing things overboard for good. However, the captain of the ship does not understand how to save a sinking ship or have any idea what damage control means. Pinching pennies while throwing $100 bills away by the milisecond.
William notes "A freeze in the budget does nothing. It is wishful thinking that a freeze will reduce the torrent of debt that is sinking the U.S.
Not to mention that freeze is based on an 84% increase in spending in the last year.