Saturday, January 22, 2011

More $pending? Really?

No, this isn't an old piece; it's from the Wall Street Journal, today.
Obama to Push New Spending

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.

While proposing new spending, Mr. Obama also will lay out significant budget cuts elsewhere, people familiar with the plans say, though they will likely fall short of what Republican lawmakers have requested.
Let's see, "targeted inventments", where have I heard that before? Besides the fact that "targeted" is language that seems a bit martial and violent for the "new tone" in Washington, these types of "investments" seem to just more money poured down the black hole. How's that $Trillion "Stimulus Plan" working out for everybody?

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