Saturday, January 28, 2012

Beyond defense savings, Obama’s speech continues tax-and-spend trend

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In his speech Tuesday night, President Obama managed to carry on his habit of advocating for bigger federal programs. Yet, at the same time he was the first president to deliver a State of the Union that technically included more savings than spending. How is this possible?

The National Taxpayers Union Foundation (NTUF) conducts a study of every State of the Union address, assessing the cost of the president’s proposals for America’s taxpayers. This year President Obama continued his trend of asking for major non-defense domestic spending programs, seeking $20.7 billion per year in new outlays. In 2010 he sought $59.2 billion and in 2011 $36.9 billion (Bill Clinton holds the record: a whopping $305 billion in his 1999 State of the Union address).

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