Obama: We Can't Cut Our Way to Prosperity
But we can spend our way to hell?
by Jim Hoft
Barack Obama increased the national debt by over $3 trillion in just over 2 years.
Obama tripled the deficit in one year with his failed stimulus plan.
The Obama deficit this year may reach $1.65 trillion. (The Captain's Comments)
Barack Obama and Democrats also added over One Trillion Dollars to the Federal Budget in the last 4 years.
That's at least a 30% increase in federal spending in just 3 years.
But the leftist ideologue is not about to switch gears yet.
Obama told Americans today in his Weekly Address that he must spur the economy with more spending.
The Hill reported:
Spurring the economy will take investments, as well as spending cuts, President Obama said Saturday his weekly address.
"We can’t simply cut our way to prosperity," Obama said. "We need to do what’s necessary to grow our economy; create good, middle-class jobs; and make it possible for all Americans to pursue their dreams."
The president recorded his address from Carnegie Mellon University in Pittsburgh where he toured a high-tech factory and touted his newly announced Advanced Manufacturing Partnership, a $500 investment initiative.