“State Of The Union Address” is Tonight
Tonight at 7PM President Barack Obama will give his “State of the Union” Speech. Also known as you will miss most of your favorite TV shows tonight.
But, since you really have no other choice but to watch, then get the break down of what will happen tonight after the jump.
It seems the President will be talking about money! And after releasing his budget this past Monday, here’s what he had to say:
We won’t be able to bring down this deficit overnight, given that the recovery is still taking hold and families across the country still need help. … Just as it would be a terrible mistake to borrow against our children’s future to pay our way today, it would be equally wrong to neglect their future by failing to invest in areas that will determine our economic success in this new century.
Speaking of Past Deficits VS Obama Deficits, here’s a sweet little graphic to show you what he’ll be talking about tonight:
Now I don’t know much about politics, but the projected numbers sure look huge! And because I know nothing about politics, Blog.Heritage.org will break it down:
But not only does President Obama’s budget fail to reduce deficits “overnight”, his budget actually moves them in the opposite direction. President Obama’s budget would:
- Permanently expand the federal government by nearly 3 percent of gross domestic product (GDP) over 2007 pre-recession levels;
- Borrow 42 cents for each dollar spent in 2010;
- Leave permanent deficits that top $1 trillion in as late as 2020;
The chart above compares the President’s budget deficit projections to the Congressional Budget Office’s budget deficit projections under current law. In other words, the policy changes embodied in President Obama’s 2011 Budget puts our country $2.5 trillion deeper in debt by 2020 than it other wise would be if current law were left unchanged.
As for President Barak Obama’s side of the story, you’ll get it tonight at 7PM, which you can hear on our sister station News Radio 1310 KLIX