We are $14 trillion in debt, the Republicans in Congress have proposed considerable (though inadequate) cuts, but the president seems to have other plans. From Fox News:
President Obama will call for new government spending on infrastructure, education and research in his State of the Union address Tuesday, sharpening his response to Republicans in Congress who are demanding deep budget cuts, people familiar with the speech said.
Mr. Obama will argue that the U.S., even while trying to reduce its budget deficit, must make targeted investments to foster job growth and boost U.S. competitiveness in the world economy. The new spending could include initiatives aimed at building the renewable-energy sector—which received billions of dollars in stimulus funding—and rebuilding roads to improve transportation, people familiar with the matter said. Money to restructure the No Child Left Behind law’s testing mandates and institute more competitive grants also could be included.
Eventually we need a leader that will actually do something about the deficit and the national debt. We can not sustain at these spending levels anymore; we will suffer an extreme collapse of our financial system.
When will they get it?!Published in