A Not so Perfect State of the Union
January 26, 2011
Last night the President employed a lot of lofty rhetoric, and played a lot of lip service to the idea of deficit reduction. Too bad he fell well short of target. His call to freeze government spending at the Fiscal Year 2011 level is the height of irresponsibility. That means we would maintain the reckless out of control spending of the last 4 years, and not reduce it at all. The increase over those years? 19% or $1.1 trillion, which has been spent on the backs of our children and grandchildren and financed by overseas interests like China.