We have a…spending problem? Or maybe it’s just a “paying-for”problem? Everyone in Washington seems a bit confused about what’s actually happening with our federal budget. After four straight years of $1 trillion-plus deficits and taking America to the brink of a fiscal disaster twice in the last two years (and heading for a third), you'd think our leaders would understand that something isn't quite right about the federal balance sheet. But…Washington still isn’t sure how to go about this money management thing, nor do they know if it’s really even an issue.
Our federal government has a spending problem that needs to be addressed now. But President Obama has done nothing but make it worse for the last four years. The President is running out of excuses, and we’re running out of time.
President To Make Case Against Spending Cuts In State Of The Union The Hill reports, “President Obama will use his State of the Union speech Tuesday to turn public opinion against automatic spending cuts and argue that some of the money to replace the cuts should instead come from higher taxes.
Obama Expected to Call for More Spending In Address Bloomberg reports, “President Barack Obama will use his State of the Union address this week to focus on job creation and the struggles of American families, marking a renewed emphasis on the economic issues that defined his first term.