This year's Obama budget spends more in each of the next ten years than the last one 

President Obama promised a turn toward fiscal discipline in his State of the Union Address. But his new budget doesn't just plan on more deficit spending for a year, followed by austerity. Rather, it actually increases deficits in each of the next ten years over what he'd planned for in last year's budget.

So writes Brian Riedl of the Heritage Foundation:

When he released his new budget proposal on February 1, President Barack Obama asserted that the government "simply cannot continue to spend as if deficits don't have consequences; as if waste doesn't matter; as if the hard-earned tax dollars of the American people can be treated like Monopoly money; as if we can ignore this challenge for another generation."

Yet the President's new budget does exactly that-- raising taxes by $3 trillion and federal spending by $1.6 trillion over the next ten years.

About The Author

David Freddoso

David Freddoso came to the Washington Examiner in June 2009, after serving for nearly two years as a Capitol Hill-based staff reporter for National Review Online. Before writing his New York Times bestselling book, The Case Against Barack Obama, he spent three years assisting Robert Novak, the legendary Washington... more
Pin It

More by David Freddoso

Latest in Nation

© 2019 The San Francisco Examiner

Website powered by Foundation