Posts Tagged ‘American decline’
JFK gave us the moon landing. Obama hopes to give us solar shingles. Is there a better illustration of American decline?
CHARLES KRAUTHAMMER: The November election sent a clear message to Washington: less government, less debt, less spending. President Obama certainly heard it, but judging from his State of the Union address, he doesn’t believe a word of it. The people say they want cuts? Sure they do – in the abstract. But any party that actually dares carry them out will be punished severely. On that, Obama stakes his reelection.
No other conclusion can be drawn from a speech that didn’t even address the debt issue until 35 minutes in. And then what did he offer? A freeze on domestic discretionary spending that he himself admitted would affect a mere one-eighth of the budget.
Obama seemed impressed, however, that it would produce $400 billion in savings over 10 years. That’s an average of $40 billion a year. The deficit for last year alone was more than 30 times as much. And total federal spending was more than 85 times that amount. A $40 billion annual savings for a government that just racked up $3 trillion in new debt over the past two years is deeply unserious. It’s spillage, a rounding error.