January 28, 2010

The State of the Union Is No 'Reset' Button - WSJ.com

The State of the Union Is No 'Reset' Button - WSJ.com

So much for the fiscal restraint promised by TeamObama in the State of the Union speech last night. A request to Congress to roll back spending would be far more credible.

"Mr. Obama's problems are not political management, but policy. They won't be solved by faux fiscal restraint, mini-ball proposals for the middle class, and angry pretensions to populism.

By his own Office of Management and Budget numbers, Mr. Obama has raised the baseline of discretionary domestic spending by a total of $115 billion since his inauguration, bumping it up midway through the 2009 fiscal year budget and then increasing it again for the 2010 fiscal year.

Mr. Obama is now calling for a spending freeze to save $15 billion for fiscal year 2011. That's nice, but it freezes in place a 24% increase in discretionary, non-security domestic spending. The president would also exempt from a freeze the $512 billion that has yet to be spent from last year's stimulus package. To present such a proposal as a serious attempt at restraining spending is to reveal a low opinion of the intelligence of ordinary Americans."

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