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Editorials published by the
Goffstown Residents
Association are written by various members and
contributing non-members of the GRA. |
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October 9, 2008
GUEST EDITORIAL
Obama's net
spending lie
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Will the most liberal member of the U.S. Senate reduce the size of the federal government if he is elected President? Not a chance in hell.
At the presidential debate in Nashville Tuesday night, Sen. Barack Obama said, "Actually I'm cutting more than I'm spending so that it will be a net spending cut."
Really? No, not really. As the Associated Press reported after the debate, "The bipartisan Committee for a Responsible Federal Budget estimates Obama would increase spending by $425 billion over four years and reduce spending by $144 billion for a net increase in the deficit of $281 billion. Obama has said he'll cut pork-barrel programs and the costs of the war in Iraq to pay for his programs -- as well as raise taxes on the wealthy -- but the specifics of his new spending plans outweigh the few spending cuts he's identified."
The National Taxpayers Union subtracted Obama's proposed spending reductions from his proposed spending increases and came up with a net spending increase of $293 billion.
For Obama's claim to be truthful, the federal government would have to shrink under an Obama administration so that it ends up smaller than it was in the last year of the Bush administration. The last time federal spending shrank from one year to the next was in 1964-65. That is largely because entitlement spending is growing by 7 percent a year. And by the way, Obama made clear Tuesday night that reforming entitlement spending is not on his agenda.
Will Barack Obama cut federal spending more than Ronald Regan did? When pork-filled budgets fly.
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