Last night President Obama held his State Of The Union address and I’m not surprised of how it fell short of everything that the State Of The Union address is meant to be. The purpose of the address is to inform the American people of the country’s current condition and where the present Administration is headed. Obama’s speech talked about how more money is needed to improve our economy. As he said “redouble these efforts” is what will be needed, but how can you do that and expect a different result than the fist time? An $878 Billion stimulus package did nothing for the economy or the unemployment rate.
His speech contained 113 paragraphs and a good percentage of them (32) talked about increased “investments”. It’s amazing how politicians think if they use a different word to describe something, it’s ok. An investment is something you put money into expecting a return on investment. Spending money on pet projects in “hopes” of helping the country is not an investment, it’s spending money.
Our current crisis right now is the fact that Congress and the Administration are spending money that they do not have or the ability to obtain unless they tax the American people more than they already do.Obama did say that he promised to “save”$400 billion of the next ten years, but that’s just a drop in the bucket compared to what is being spent. he did mention two specific programs cuts that his administration has or is going to make, subsides to banks and oil companies. Take note that Obama stated that the money save would not be put towards deficit reduction, but to other spending. How is doing something like that going to improve this country’s crisis? Ironically the former Community Organizer also discussed cutting spending towards community action programs.
The deficit wasn’t even mentioned last night which is a topic (I feel) should be discussed during the State Of The Union address. Our deficit for this year is reaching $1.5 trillion and growing. Washington needs to face up to the fact that they’ve failed the American people of the last 40 years and with the President’s refusal to inform us of the deficit during the address makes me wonder what else they’re not telling us. The current state of this union is in dire straits and we should all be concerned.Tags: Economy, Government Spending, Obama, state of the union address, taxes