Friday, June 15, 2012

President Obama: Let's Spend Half of What We Don't Have

    Who said President Obama didn't have any bold ideas in his Thursday speech on the economy?

President Obama, June 14, 2012:
So my plan would take half the money we’re no longer spending on war -- let’s use it to do some nation-building here at home.  Let’s put some folks to work right here at home. 

President Obama, June 13, 2012:
By the time I got into office, we had a $1 trillion deficit because of tax cuts that weren’t paid for, two wars that weren’t paid for, a prescription drug plan that was not paid for,” he said. (ABC News)

Think Progress, June 13, 2012:
 President Obama has said the war, which he opposed and finally ended, costed $1 trillion. Those costs are likely to rise yet — by 2014, the post-9/11 combat veteran cohort will be bigger than the Vietnam veteran cohort, and a recent report said maintaining veterans benefits will soon cost more than maintaining active duty military forces.

The president's plan is to spend half of the money we never had in the first place that, according to his Think Progress allies, we will have to continue to spend on the military anyway.  If that isn't bold, then I don't know what bold is.

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