Obama complained when he was forced to compromise with Republicans in Congress on spending "cuts," which are actually merely reductions in the rate of increase, as we all continue to wallow in the anesthetic fictions of baseline budgeting. Nevertheless, he boasted that he had agreed to more than $4 trillion in cuts. So we should expect something at least marginally prudent this year, should we not, as we approach $16 trillion of national debt?
Well, in a word, no. Obama has anything but frugality on his mind. Is he going to take advantage of the expected "savings" from winding down our military operations in Afghanistan and Iraq, the twin evils he and his liberal colleagues have blamed for much of the national debt? The answer, again, is no. Modern Democrats never use projected savings to reduce overall spending; they use them as an opportunity and excuse to spend more elsewhere.
So it is with Obama's new budget, which Sen. Jeff Sessions is calling "utterly irresponsible." He'll balloon the national debt to $26 trillion by 2022, causing annual interest payments to be $1 trillion annually.
According to Politico, he is showing "a willingness to gamble on costly new initiatives, even after the sobering debt accords last summer." He is calling for an $8 billion "commitment to build up community colleges as partners with industry" to train a new generation of skilled workers -- blah, blah, blah. He's calling for $770 million to advance democracy in the Middle East, an almost 50 percent increase in transportation spending and a 26 percent increase in program management funds for the Centers for Medicare & Medicaid Services, thanks to Obamacare. He'll increase energy taxes by $80 billion and overall taxes by $1.9 trillion.
But don't worry; he can pay for these and other increases simply by hiking the tax rate on dividends and otherwise increasing taxes on the evil rich, many of whom will be surprised to discover they're rich, despite the fact that no matter how much he sadistically gouges producers and the "winners of life's lottery," it will not appreciably close the deficit gap. Of course, it also appears he is still kicking the entitlement-reform can further down the road.
Even in an election year, Obama cannot bring himself to show any fiscal restraint. Let's work and pray for a "transformative" November.
Clinton Foundation: Oh, We Made Additional $12-26 Million From Speeches Given By the Former First Family | Matt Vespa