Speaking on Friday at the University of Michigan, President Obama declared, “I want this to be a big, bold, generous country where everybody gets a fair shot, everybody is doing their fair share, everybody is playing by the same set of rules. That’s the America I know. That’s the American I want to keep. That’s the future within our reach.” How did the President propose to achieve his goal? The wrong kind of federal intervention into higher education with the goal of bringing down the cost of attending college. The …
If there existed a company that for nearly half a century had failed to improve upon its product, had watched as other companies passed it by in its ability to be innovative, and all the while had more than tripled its overhead costs, it’s unlikely that company would be in business much longer. And let’s imagine for a moment that the company, adding insult to injury, was planning to go back to its shareholders to request yet more capital, expecting to be granted the new money because this time—without any …
Budget Trickery The President also employs budget trickery on spending. He first assumes that Iraq spending will continue indefinitely at 2008 levels (which was never going to happen, according to the military’s own Joint Campaign Plan), and then calculates $1.5 trillion in savings against that baseline. If you eliminate that gimmick, President Obama increases spending by nearly $500 billion over ten years – not even counting the $634 billion health care reserve fund The budget proposes $1.133 trillion in regular discretionary spending in 2010, and claims that is a 7 percent …
