Feb 27 2009
President Obama and economics
President Obama presented his budget.
His budget includes pots of money set aside for universal health care, a sky-rocketing deficit and money for social programs.
It does not include any of the cuts that he has promised.
His commitment to reducing the deficit to half by the end of his first term will be easy - especially when you consider the size the deficit will be after his first six months. If this budget is enacted, the deficit will skyrocket, so bringing it down should be no problem at all.
Why is there a deficit at all in his budget? President Obama claims to want to work with Republicans and be fiscally responsible. That would involve spending only what the government takes in - not deficit spending.
Sometimes, in times of fiscal struggles, programs have to be put on hold. This includes dreams of education and healthcare reform. I am all for reforming these areas. There are lost of programs that do not work in education and healthcare. That doesn’t mean you need to raise the deficit in order to fix the problems.
What you need to do is eliminate the programs that don’t work. Then spend that money on new programs designed to work and solve the problems our healthcare and education system have.
Deficit spending is not the way to go. What it does is pass the debt onto the next generation and cause higher taxes on people who make money in order to support those who do not or will not take care of themselves.
It is time to put Republican ideals back at the forefront of the nation. The ideas of balancing the budget and taking care of yourself need to be brought back to the table and spoken of to all.
The American Dream isn’t that you are handed life and money by the government, it is that you are able to succeed based on your merits and abilities and hard work. That dream will never be realized with President Obama. Instead, those poeple who work hard are going to get penalized with more taxes to pay for those who do not.


