On the recordFebruary 13, 2013
after listening to President Obama's State of the Union speech last night, I was left scratching my head. Essentially, the President wants us to pretend the last 4 years never happened. He wants us to pretend his economic policies have delivered a strong recovery from the recession of 2008; he wants us to pretend his administration has made real progress on reducing the national debt; and he wants us to pretend that more taxes, more spending, and more debt are the key to middle-class prosperity. In other words, the President is hoping we all have a case of amnesia. He wants us to forget about $5.8 trillion in new debt that was racked up during his first term--$5.8 trillion. He wants us to forget our gross national debt is now larger than our entire economy--100 percent of our gross domestic product. He wants us to forget the debt is projected to grow even further, to $26 trillion, by 2023; and he wants us to forget his health care bill will increase taxes by $1 trillion over the next 10 years. He wants us to forget America's credit rating has been downgraded for the first time in our history. He also wants us to forget we have been suffering through the weakest economic recovery since the Great Depression, as well as the highest, longest period of high unemployment since the Great Depression. He wants us to forget that nearly 4 out of every 10 unemployed Americans have been jobless for at least 6 months.…
Source
govinfo.gov




