Correction, Please!
Accumulating More Debt Is Borrowing Trouble
Barack Obama, State of the Union Address. (Photo credit: AP Images)
Item: In his State of the Union Address, reported the Washington Post for January 26, President Obama “for the first time” did not “hail a newly passed ‘recovery act’ or call for a ‘new jobs bill.’ Instead, he called for a five-year freeze in domestic spending, except for ‘investments’ in education, infrastructure and research.”
Item: The day following the address, the President “pressed his case” for “investment to grow the economy out of its budget woes,” reported Reuters for January 27. This move “is key to his 2012 re-election chances.”
Item: In his speech, as noted in the White House transcript, the President said that “the final critical step in winning the future is to make sure we aren’t buried under a mountain of debt.”
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