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Will Obama spend us into recession?

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Just caught this headline on Yahoo!

Screen shot 2013-02-21 at 2.35.19 PM

Then read this on the Washington Examiner, Obama pushes $50 billion stimulus plan as automatic budget cuts loom:

The White House on Wednesday pushed for tens of billions of dollars in stimulus funding for decaying roads and bridges, a request dismissed by Republicans as not serious amid the broader debate over spending cuts in Washington.

The plan outlined by administration officials Wednesday calls for $50 billion in spending on highways, transit systems and airports, part of the president’s push for a wave of new government investments. Like other ideas touted in President Obama’s State of the Union address, it lacks a payment plan.

The Democrat does seem oblivious to our nation’s spending problem.

Comments

  1. How would additional spending cause a recession?

    Note: I am not saying additional spending is wise or smart or anything like that, given the amount of debt W left us with and Obama has (more than) compounded, but I am asking for an causal link for your post tile: that additional spending would directly lead to a recession.

  3. Yes, because our President is completely insane to suggest using money to repair the road infrastructure for which the government is responsible.

    Yes, it’s the responsibility of “Government”, the problem is he has proposed no way to pay for the necessary work…except wild and irresponsible borrowing.

  5. The biggest problem I have with the spending, is the waste going to entitlements and to his cronies. This cannot continue, and the bill must be paid. Saying that government must do this is that is not a valid answer anymore. The federal government cannot be trusted with our money that is very clear. If the states were handling this, we would be much better off.

    Corruption and mismanagement would be isolated to the state level. Being limited to the state level would expose problems quicker and shield other citizens living in states with responsible leadership from the damage.

  6. Doesn’t the transportation department ALREADY spend money to fix roads? Why should they need more, unless they haven’t properly spent their funds in the first place. In which case, just go after the ones who received the money and get it back.

    I was originally fooled when the first stimulus was proposed by President Obama. I thought it would go to roads, etc and get construction workers working again. I learned that was a mistake. Get the original stimulus money back to pay for these projects.

  7. The Guv’ment could have repaired and repaved a lot of roads with the 23 BILLION-plus unrecoverable-dollars that they misspent artificially-propping up Government Motors General Motors for the “private” benefit of the UAW, …instead of allowing an orderly Court-supervised reorganization.

  10. Yes, because our President is completely insane to suggest using money to repair the road infrastructure for which the government is responsible.

    Comment by Kevin — February 21, 2013 @ 11:02 pm – February 21, 2013

    If Obama wants to repair the roads, let him use the billions of dollars he and his cronies are currently spending on lavish and extravagant “conferences”, paybacks to donors, and free phones to ineligible recipients.

    Why don’t you answer, Kevin, why you and your fellow Obama supporters have spent years taking billions AWAY from fixing the roads and put it towards these boondoggles that benefit no one other than Obama and his cronies?

    Indeed, why don’t you and your fellow “progressives” explain why you would rather cut spending to police, firefighters, and education than to cut lavish conferences, payoffs to Obama donors, and welfare payments being collected illegally?

  11. How would additional spending cause a recession?

    Note: I am not saying additional spending is wise or smart or anything like that, given the amount of debt W left us with and Obama has (more than) compounded, but I am asking for an causal link for your post tile: that additional spending would directly lead to a recession.

    Comment by hmm_contrib — February 21, 2013 @ 7:46 pm – February 21, 2013

    Because Barack Obama said it would.

    As a senator and presidential candidate, Barack Obama said that he detested budget deficits. In 2006, when the aggregate national debt was almost $8 trillion less than it is today, he blasted George W. Bush’s chronic borrowing and refused to vote for upping the debt ceiling: “Increasing America’s debt weakens us domestically and internationally. Leadership means that ‘the buck stops here.’”

    In 2008, Obama further blasted Bush’s continued Keynesian borrowing: “The problem is, is that the way Bush has done it over the last eight years is to take out a credit card from the Bank of China in the name of our children . . . so that we now have over $9 trillion of debt that we are going to have to pay back — $30,000 for every man, woman, and child. That’s irresponsible. It’s unpatriotic.”

    And the Pelosi/Obama leadership said the same.

    After years of historic deficits, this 110th Congress will commit itself to a higher standard: Pay as you go, no new deficit spending,” Pelosi said in her speech from the speaker’s podium. “Our new America will provide unlimited opportunity for future generations, not burden them with mountains of debt.”

    Were they lying?