Obama as Dealer in Addiction: Federal Spending and Borrowing Can’t Solve All Our Major Problems All The Time

I just heard President Barack Obama at the National Academy of Sciences pledging to spend more federal (ie your taxpayer dollars) money on scientific innovation.

But it is really money borrowed from your children and grandchildren and paid back to China, mostly.

The money paid from the treasury to run the U.S. government for this year is already totally exhausted: between now and December 31 every cent is borrowed.

You get the idea Obama figures he can solve every problem and make us all happy by borrowing money we don’t have and spending it on what he wants?

And I get the feeling Obama continues to talk long past his bedtime because he is now blathering things his actions are making into worthless lies in just a moment’s thought.

Here’s Obama’s latest from the Saturday radio and web address:

“We cannot settle for a future of rising deficits and debts that our children cannot pay,” the president says, adding that we must “recognize that we cannot meet the challenges of today with old habits and stale thinking. So much of our government was built to deal with different challenges from a different era. Too often, the result is wasteful spending, bloated programs, and inefficient results. It’s time to fundamentally change the way that we do business in Washington.”


On the other hand he also says:

Education is failing.  We need more federal spending.  The environment is a disaster: more federal spending is needed.

And today telling the National Academy of Sciences he’ll spend more federal  money on scientific innovation.

We seem to have lost all hope that the free market might just work.  And we have given up on the nnational notion of “living within our means” which means if you don’t have the money you can’t have IT!  It being whatever you promised or whatever you want.

Why is the president so hooked on wind?  Because his buddies at GE make almost all the wind turbines.  Will this make lots of highly paid jobs?  No.  Will harnessing the wind mean more students will seek scientific eduacations?  Not according to experts: windmills are pretty basic.

Why are we against nuclear power?  France likes it.  England likes it.  Everyone that can affortd it likes it.  It creates a lot of great jobs and whoever solves the remaining problems like nuclear waste disposal will be awash in money.  But that will take education and technology….

The president would do well to incentive private enterprise a little instead of throwing billions oin money borrowed from China to solve all these problems at once.

The candy store could close down and our junky economy will be where, exactly?


From The Associated Press
April 27, 2009

President Barack Obama is promising a major investment in research and development, with the goal of spending 3% of the nation’s gross domestic product on scientific innovation.

Obama will make the announcement in a speech Monday at the annual meeting of the National Academy of Sciences.

The president says 3% of GDP would represent the largest commitment to scientific research and innovation in U.S. history.

He says it is time for America to lead again in the area of research and development.

The White House released excerpts of the president’s remarks in advance of the speech.


 Nuclear Power As Green, Lower Cost Alternative?

Obama’s Plans May Be Doomed by Unchecked Spending

Selling the green economy: economic make-believe 

Obama Promised 5 Million Green Jobs But Sierra Club Says “green jobs are not always good jobs” that can support a middle-class lifestyle



From Town Hall:

Obama comes to Washington with an alarmingly simple program. Basically, he wants all the money we have and to bury every single problem under mounds of freshly printed currency.

Banks failing? Bail them out. Auto companies floundering? Send cash. Medical costs going up? Create the world’s most expensive and all-encompassing HMO. Poor people complaining? Send them checks.

Obama’s approach has the merit that liberals seem to prize most—consistency. Every problem can be solved by spending “billions and billions.”

Read the rest:


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