After Undermining Cuts, Obama Plans More Spending
Despite Republican budget cuts helping the nation boost its Index of Economic Freedom score, Barack Obama worked to make sequestration as painful as possible – even though it was his idea in the first place. For example, he blamed the Republican budget for his drawdown of military strength to anemic levels. Not only that, an analysis of federal grants by Reuters and the Brookings Institution shows Obama funneling more money to states he won in 2012 than to states he didn’t. On average, blue states saw their federal dole decline 25% while red states saw the payout slashed 40%. As Congress banned the practice of earmarking funds, the executive branch picked up that power. It’s all been a strategy to further Obama’s “middle-crush economics,” as he’s about to introduce a budget to Congress that lifts sequestration entirely. It’s for the middle class, leftists like Rep. Chris Van Hollen (D-MD) argue: “Arbitrary cuts through sequestration never made sense, and House Democrats have consistently supported replacing them with a smarter, more balanced approach to long-term deficit reduction. What our country needs is a growing economy that works for all Americans, not just the wealthy few.” But waging class warfare and then redistributing the loot on vote-buying schemes won’t accomplish economic growth.
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