Barack Obama lectured Americans today,
“We cannot just cut our way to prosperity.”
From the President’s Weekly Address:
For some time now, I’ve been calling on Congress to take steps to make higher education more affordable – to prevent these interest rates from doubling, to extend the tuition tax credit that has saved middle-class families millions of dollars, and to double the number of work-study jobs over the next five years.
Instead, over the past few years, Republicans in Congress have voted against new ways to make college more affordable for middle-class families, and voted for huge new tax cuts for millionaires and billionaires – tax cuts that would have to be paid for by cutting things like education and job-training programs that give students new opportunities to work and succeed.
We cannot just cut our way to prosperity. Making it harder for our young people to afford higher education and earn their degrees is nothing more than cutting our own future off at the knees.
And, Lord knows, we can’t spend out way to prosperity either.
Barack Obama added a record $5 trillion in new debt in just three years.
And, because of the runaway spending, the economy was downgraded for the first time in history.
And today he tells us we cannot cut our way to prosperity.
It’s an Obama world.