Obama's plan for a second term? ?Investing.? A lot. ? Hot Air

posted at 8:41 pm on July 16, 2012 by Erika Johnsen

I already covered a clip of Obama?s major speech at a campaign rally in Ohio earlier today, but for regular readers familiar with my feelings on the manner in which President Obama mistakenly employs the word ?investments? ? you?ll understand why I can?t let this one go.

His ?vision? for a second term, apparently, includes a charming-sounding multitude of brand-new government ?investments?: for education, and more teachers; for solar/wind/biodiesel and other such ?energies of the future? (yes, I know what you?re thinking ? apparently he?can?see what?s going to happen in the future where the market cannot, he?s just that brilliant); for basic research and science for technological innovation; for rebuilding our infrastructure and putting construction workers back to work; and etcetera.

But it was only after he listed all of those lovely ways in which the federal government plans to spend more of our money on our behalf, did President Obama get around to the single largest impediment to our economic progress and our national security: Our tremendous national debt. And while he was most verbose about his many ideas for spending more money and increasing the federal government?s role in our lives, the extent of the president?s plan for reducing our debt and deficit amounted to, ?Let?s do it in a responsible way.? ?Uh huh. Kind of like all of that responsible spending in which you?ve actively engaged, adding more to the deficit in your first three years than President Bush so ?unpatriotically? did during his entire two-term tenure?

I?m going to need some more details on your plan for drastically reducing government spending and the public debt, please ? and while Obama and his campaign are misdirecting everyone?s attention with stories of Mitt Romney?s offshore bank accounts and positing that he may-or-may-not be a felon, his administration cannot even get it together with simple budget review deadlines. Awesome.

The Obama administration has missed another annual budget deadline, failing to send Congress a mid-session budget review before July 16.

The Office of Management and Budget (OMB) confirmed Monday that the deadline for the review, due every year on that date, was not met this year.

?There will be a mid-session review and timing is still being determined,? spokeswoman Moira Mack said?.

The document is supposed to contain revised spending, tax collection and deficit numbers to update the February budget proposal.

But, then again, we all know his February budget proposal wasn?t much more than a joke that even Democrats couldn?t summon the energy to defend, so, wash.

Source: http://hotair.com/archives/2012/07/16/obamas-plan-for-a-second-term-investing-a-lot/

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