President Barack Obama will call for new government spending on infrastructure, education and research in his State of the Union address Tuesday. . .
While proposing new spending, Mr. Obama also will lay out significant budget cuts elsewhere, people familiar with the plans say, though they will likely fall short of what Republican lawmakers have requested.
Great that the president will identify spending cuts but, really, why is this spending going to be any different from the spending politicians have been doing for decades anyway? Even before the financial mess government spending was too high. It’s the same old, same old. There is no magic elixir that combines President Obama’s spending with the spending of the 2011 Republicans and Democrats to produce “We seek to do everything we can to spur hiring and ensure our nation can compete with anybody on the planet. . . ” to quote the president.
It will not produce the economic version of Love Potion Number 9.