Our Profligate President

Did you hear that President Obama's trip to Asia is costing American taxpayers' $200 million a day? And not only that but half the U.S. Navy is there to escort him? This just keeps on the amazing spending ways of the Obamas. How about the First Lady's expensive summer vacation to Spain and Italy? And what about the cost of remodelling their home in Chicago?

The Great Right-Wing Wurlizer promotes this little meme that the President is a big spender and blowing through the national budget. I have no idea how this interlinked media machine can be stopped. It's obvious that the Wurlizer played a great role in the mid-terms. Obama raised your taxes when in fact he cut taxes for 98% of Americans and initiated another 25 tax breaks for businesses. He badly mismanaged the TARP program so the American taxpayer is on the hook for hundreds of billions, when in fact they stand to make a profit of $16 billion from TARP. One elderly voter said "Obama needed his comeuppance because he took my Medicare away." Stunning. The Beat goes on and will go on uninterrupted.

Did you know that President Obama cut over $100 billion from the deficit this year? Did you know that his call for a moratorium on discretionary spending for three years would bring the percentage of government spending to GDP to its lowest level since the 1950s? Or did you know that when Congress votes on raising the national debt ceiling to over $14.3 trillion, that $13 trillion of that debt is courtesy of George W. Bush? You won't hear that either.

Our budget busting President is actually a money maker. One story you will never hear in the media is that Barack Obama has the Midas touch. Today, he announced a $15 billion trade deal with India. So he's already paid back the price of the trip. The U.S. makes a $16 billion profit on TARP. General Motors is paying back its government loans five years early with interest. Put another couple billion in the bank. The President saved over $1 billion on the census. The British Petroleum oil spill resulted in pay outs of $35 billion to taxpayers. Otherwise, we would have been on the hook for that amount. So that little list has earned us over $75 billion. This doesn't include the savings in healthcare reform. Not bad. We have to put him on the road some more. Oh, I forgot, American corporations made 65% profit this year, the largest in decades. Socialism is grand!

I wrote yesterday of John Kasich of Ohio and Martin Walker of Wisconsin turning down $1.3 billion in infrastructure funding for high speed rail. Today, Andrew Cuomo, not missing a beat, said that New York would take it and that it would mean the Erie Canal for New York State in the 21st century. At least Andrew gets it. So do Illinois and Iowa, which today assured voters of the commitment to the rail link from Chicago to Illinois.

The new numbskull Republican House wants to continue the Party's awesome policy of being anti-science by cutting back on the President's request to increase funding for NASA's earth science programs. If you want an example of this program, watch the new photos from the Hubble studying the latest comet. There are reasons we want to know more about the Earth.

P.S. President Obama's trip does not cost $200 million a day and half the U.S. Navy hasn't been deployed to Asia. If they were, that would mean they would have to travel from India,to Indonesia, to Korea and Japan in less than 10 days. That would set an all-time military record for naval deployments.