Cost Of Obama’s SOTU Wish List? More Than a Dime
In his Tuesday State of the Union Address, President Barack Obama promised, “Let me repeat–nothing I’m proposing tonight should increase our deficit by a single dime.”
That line quickly proved to be typical political rhetoric, as he spent the rest of his speech proposing myriad “investments” and expanded federal programs. And common sense dictates that such programs, if they are to have any noticeable effect, will cost more than a dime. But how much?
The list examined here is only a partial one, as there is no way to estimate how much the “manufacturing hubs” Obama wants to create will cost—or his vague promises to spend more in general on education. But there are wishes on his list which should give us an idea of the massive growth in spending he wants.