He is on another planet. He does not want the US to be solvent. Raise spending? That is foolish to you and me, but to Him It's power for his big government and his unions.
At the brink of the fiscal cliff on Monday, December 31, 2012, Obama proposed increased investment, that's spending to the rest of us.
President Barack Obama smashed a completed fiscal-cliff deal with a last-minute demand for increased spending in 2013, according to an e-mail from the GOP’s Senate leader, Mitch McConnell.
Under the deal, planned tax increases on middle-class Americans would be cancelled, but Obama insisted on raising tax rates on Americans earning more than $400,000 per year.
“They’re holding that [deal] hostage” to boost 2013 spending, GOP Sen. Bob Corker said shortly after Obama lauded the pending agreement.
“The tax piece is complete and done as of last evening at 1:45 a.m. I thought the entire deal was sealed. Early this morning, the White House called demanding that we also turn off the sequester,” said the email, signed “Mitch.”
The sequester refers to scheduled cuts in spending during the first nine months of 2013. Half of the $109 billion in cuts are to be imposed on the Pentagon.
Republicans are seeking budget cuts to reduce the federal government’s annual deficit of $1 trillion, and also to trim the size and reach of government.
But Obama is happy with $1 trillion added to our debt every year - $1 trillion more every year.