President's Labor Day Message: Increase Taxes, Increase Spending

Jillian Bandes | September 06, 2010 4:47 PM

Obama is calling for an additional $50 billion to be spent on infrastructure, a national high-speed rail line, and some sort of regulated earmark program, all of which will be paid for by a tax on energy companies.

This will not only create jobs immediately, it's also going to make our economy hum in the long-run...It's a plan that history tells us can and should attract bipartisan support. It's a plan that says even in the still-smoldering aftermath of the worst recession in our lifetimes, America can act to shape our own destiny, to move this country forward, to leave our children something better -- something that lasts.

The only thing he's going to leave for our children is a higher national debt.