The president is expected to revive his calls Tuesday for government “investments” in infrastructure and education — meaning spending. He’ll focus on economic growth, while acknowledging the need to close the deficit through a combination of budget cuts and tax increases.
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We should call this what it is. The “state of union handouts” speech.
Or the “State of the Ruin” address.
Testate of the Union redress
The promise to cut 1 cent for every 1,000 dollars they get in additional taxes. That will be after they spend 5,000 dollars for every 5 dollars they receive.
If they handed the budget to you or me, we could probably trim 10-20% of pure fat off the top and no one would notice the difference. Just cutting Obama’s handouts to his wealthy buddies would make a difference.
I just received a fax this morning offering to lend my business up to $150,000. Unsecured, no proof required that I can repay the loan. Wasn’t this sort of thing what caused the housing bubble?
With interest rates so low so as to “stimulate” the economy, it seems banks are getting desperate to loan money to anyone without due concern for the consequences.