Wednesday, January 26, 2011

The fairy tale known as SOTUS

Apparently, you can't pay for unicorns and time machines with fairy dust. It costs real money.

So says the fact checkers of last night's state of the union............

President Obama's agenda spelled out in his well-received State of the Union address would boost spending an additional $20 billion and lead to higher taxes, according to a line-by-line analysis from the National Taxpayers Union Foundation. [See photos of the Obamas behind the scenes.]

Click here to find out more!

"President Obama's speech last night hinted at tax reform, and spending restraint, but also opened the door to tax increases and major spending initiatives," said NTUF Senior Policy Analyst Demian Brady. "Americans heard encouraging words about more efficient government, but little in the way of specifics about spending priorities. This leaves taxpayers wondering not only whether the federal budget deficit is headed upward or downward, but also by how much." [See a slide show of 5 reasons Obama is the same as Bush, Clinton.]

In their report provided to Whispers, the foundation conceded that the $20 billion in additional spending was far less than the additional $70 billion in his last State of the Union where he also called for a budget spending freeze and earmark ban.


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