Obama Slams Republicans For Not Allowing Him to Increase Deficit
Barack Obama’s Keynesian policies have failed but he still wants to blow even more taxpayer cash.
The national debt will represent 62% of the nation’s economy by the end of this year, the highest percentage since just after World War II.
In his Weekly Address, President Obama attacked Republicans for blocking democratic attempts to increase the national deficit. Republicans say they will only support extending unemployment benefits if they are paid for.
AP News reported:
President Barack Obama is taking aim at Senate Republicans, accusing them of playing politics with measures that would extend benefits to the unemployed and increase lending to small businesses.
Striking a deeply partisan tone in his weekly Saturday radio and online address, Obama said the GOP leadership has chosen to “filibuster our recovery and obstruct our progress” by blocking votes on agenda items the president says would breath life into the economic recovery.
“These steps aren’t just the right thing to do for those hardest hit by the recession,” Obama said. “They’re the right thing to do for all of us.”
The address was recorded at the White House before Obama flew to Maine on Friday for a weekend family vacation.
Lawmakers have been battling for weeks over extending unemployment benefits to workers who have been out of a job for long stretches of time. The last extension ran out at the end of May, leaving about 2.5 million people without benefits…
The $34 billion needed to extend benefits would be borrowed, adding to the nation’s mounting debt. Republicans have tapped into the public’s anger and concern over that debt, saying they would only support extending benefits if the bill was paid for.