John Stossel: Budget baloney
Does he think we have no memory, or that we're just ignorant? Are these just poll-tested phrases that work because most voters are too busy to pay attention?
• "I will ... create new jobs ... "
Politicians always say that, but this President says it especially often. Do voters not know that government has no money of its own, so when politicians "create" jobs, they take money from the private sector, the only group that creates real jobs?
This time, employers looked at a thousand new regulations, unknowable new rules and taxes coming from Obamacare, the Equal Employment Opportunity Commission, the National Labor Relations Board, the Labor Department and so on. They decided: "I better not try."
May I build a pipeline? Maybe. But the Environmental Protection Agency must approve. And state utilities. And state environmental officials. And the State Department. And the White House. And ... who knows whom else?
• The President says he will "create new jobs in manufacturing ... "
Don't people remember Solar One, Solyndra, Evergreen Solar, etc., and the billions lost? That the private sector is better at developing new forms of energy than politicians? That the boom in cleaner, cheaper natural gas came in spite of politicians, not because of them?
Did voters already forget that the last "shovel-ready" jobs didn't materialize? That billions went to politicians' cronies?
• The President will pay for his new spending "by cutting unnecessary spending ... "
Even today's proposed shrinking of the size of the military to pre-World War II levels (which probably won't happen) isn't a cut. Obama's new budget proposes increasing Pentagon funds by $28 billion.
• Most annoying, the President brags that he has "reduced the deficit at the fastest rate in 60 years."
John Stossel is host of "Stossel" on the Fox Business Network. He's the author of "No They Can't: Why Government Fails, but Individuals Succeed."
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