Welcome back, Mr President
Dear Mr. President,
Welcome back to Wisconsin. How was Las Vegas? Remember when you didn’t think it was right that corporations were holding conventions in Las Vegas? But it was okay for you to hold your debate prepping sessions there. I guess the mayor of Las Vegas has forgiven you for attacking business convention travel.
This is your second visit to Wisconsin since the attempted recall of Governor Scott Walker. Many of the people in Madison have been wondering where you have been. I’m sure they will be excited to see you, especially since they have to say, “I’m in!” to get a ticket.
It’s great to see you again. You might have noticed on your last visit that Walker and the legislature balanced the budget without raising taxes. The state budget, thanks to Act 10 reforms, is running a surplus, despite your opposition and the opposition of your campaign arm, Organizing for America. Local governments and school districts are benefitting from the Act 10 reforms, too.
Wisconsin is even considering lowering taxes in the next legislative session. Imagine that. Good thing Wisconsin did not listen to you when cast aspersions on Walker’s reforms from far away in Washington D.C.
Meanwhile, the federal government is running trillion dollar deficits. In your four years in office, you have run up more debt than the previous president did in eight years. As a candidate four years ago, you said President Bush’s record deficit spending was unpatriotic. What would you call the level of deficit spending now?
Yet you claim you have had less of an increase in spending than any president since Dwight Eisenhower. That, of course, ignores the increase in baseline spending as a result of the stimulus plan that was pushed through Congress your first year in office. It also ignores the necessary future outlays for Obamacare.
On Wednesday night, you said, “This is where budgets matter because budgets reflect choices.” Yet despite the Republicans in the House of Representatives repeatedly passing budgets as required, the Senate under Democratic Majority Leader Harry Reid refuses to consider passing a budget, and hasn’t passed a budget since April 29th, 2009.
In that time, the federal debt has increased $5 trillion. The national debt is now over $16 trillion dollars, a number you couldn’t even remember when David Letterman asked you.
You promised when you took office you would cut the deficit in half. Instead, the deficit has gone up. The national debt has gone up with it, and there is no end in sight. But you can’t even get your own party in Congress to seriously consider your budget proposals. In fact, the rare moments of bipartisanship in Washington D.C. since you took office are those moments when senators from both parties come together to reject your budget proposals.
Your solution to the mounting debt and deficit problems is to tax more from, “the rich.” After this fall’s elections, Congress will again be debating whether to raise taxes or to keep the rates where they are. You’re intent on raising taxes on those making more than $250,000 per year.
However, the budget you just submitted does not cut spending by $4 trillion as you claimed Wednesday night. It would actually increase the debt by $10.6 trillion over the next 10 years, and the deficit would never drop below $543 billion, according to a Senate Republican analysis.
Where would the money go? There would be a 57% increase in spending over the next decade, an annual increase of 4.6%.
The IRS will get to take an additional $1.8 trillion in new taxes over the next ten years, according to your plan. But instead of going to deficit reduction, it will just fuel more spending. At the end of ten years, despite the increased taxes, the federal debt will be more than $25 trillion.
So Mr. President, when you’re standing on Bascom Mall surrounded by the college students of the University of Wisconsin and you’re telling them how they can live on their parents’ health insurance policies until they are 26 years old, please don’t forget to tell them how much money they are going to owe when they graduate. No, not their college loans, but the federal government’s loan that you took out in their name.
And when they ask you how they are going to pay for it, try not to shrug. After all, many of them are going to have the privilege of joining 23 million other people who are looking for work in the Obama economy without success. They could use a straight answer.
If you don’t have an answer, you could always tell them about your last appearance on The View.