Last night, the White House officially released President Obama’s budget proposal for the year. Sadly, under this plan, excessive spending will continue, and the wealthy will be forced to bear the costs of our government’s voracious appetite for tax dollars. Despite his pledge to soak the rich, President Obama has failed to cut the deficit and has thus broken his promise with the American people. Back in 2009, our leader promised to “halve the deficit” by the end of his presidency. However, under the president’s proposal, the deficit will actually grow from that of the 2011 budget.
President Obama has failed in two main ways. Firstly, he has proven utterly incapable at cutting spending. The president’s proposal cuts $360 billion from entitlements but does so over the course of ten years. Once President Obama is reelected, he could easily pass a second budget that eliminates or reverses these cuts altogether, as a one-year budget plan has no real authority over an entire decade of spending. Beyond this, however, no real cuts exist in his plan. More government subsidies and massive “shovel-ready” infrastructure programs eat up the savings from crippling defense cuts and the end of the Afghanistan War.
President Obama has also failed to create jobs. In spite of his growth of government entitlements and infrastructure projects, the number of people not participating in the labor force has skyrocketed, and officially measured unemployment numbers have only slightly decreased. To top this off, Obama’s stimulus programs and government bailouts have only made the situation worse for the industries they were intended to save. The economy is now sicker than ever, yet President Obama keeps prescribing the wrong drug.
I think that President Obama should try a new approach. He should slash entitlement spending and preserve the integrity of our nation’s defense by keeping defense cuts to a minimum. Along with reiterating his promise to halve the deficit, President Obama should promise to cut taxes across the board and to support a balanced budget amendment. Unfortunately, our liberally-minded president will never do any of this, but we always have 2012 to look forward to.











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