John Stossel

Manufacturing? Don't voters know that service jobs are just as real and good? Creating software, movies and medical innovation is just as valuable as manufacturing and often more comfortable for workers. Most parents want their kids to get jobs in offices or medical centers rather than mines or factories.

--The president also says he will "create new jobs in ... energy ... "

Don't people remember Solar One, Solyndra, Evergreen Solar, etc., and the billions lost? That the private sector is better at developing new forms of energy than politicians? That the boom in cleaner, cheaper natural gas came in spite of politicians, not because of them?

--The president says he will "create jobs in ... infrastructure ... "

Did voters already forget that the last "shovel-ready" jobs didn't materialize? That billions went to politicians' cronies?

--The president will pay for his new spending "by cutting unnecessary spending ... "

Give me a break. The president has had five years, two of which he was supported by a Democratic Congress, to cut "unnecessary spending."

Even today's proposed shrinking of the size of the military to pre-World War II levels (which probably won't happen) isn't a cut. Obama's new budget proposes increasing Pentagon funds by $28 billion.

--The president even backed off from his earlier commitment to use more realistic cost-of-living adjustments when calculating Social Security payments.

--Most annoying, the president brags that he has "reduced the deficit at the fastest rate in 60 years."

But that's only if compared to his and former President George W. Bush's blowout stimulus of 2008. Much of the deficit reduction came from spending cuts (sequestration), which the president himself opposed, forced by Republicans. And his 2015 budget proposes $56 billion more spending than he and Congress had agreed to earlier.

Our debt will soon explode because baby boomers are about to retire. On this track, we are doomed.


John Stossel

John Stossel is host of "Stossel" on the Fox Business Network. He's the author of "No They Can't: Why Government Fails, but Individuals Succeed." To find out more about John Stossel, visit his site at >johnstossel.com. To read features by other Creators Syndicate writers and cartoonists, visit the Creators Syndicate Web page at www.creators.com. ©Creators Syndicate