The definition of a failed, spendthrift, debt-producing fiscal policy is making the same proposals over and over again and expecting a different result.
In some political circles, it’s also the definition of crazy.
This is what President Obama has been doing during the past four years and, more recently, what he intends to do this year and over the next four years of his second term — with little to show for it.
Mr. Obama’s 2009, big spending, shovel-ready, jobs stimulus plan ended up spending about $1 trillion in public funds on research, roads, bridges, education, dubious clean energy projects and a lengthy list of other federal, state and local programs here and around the country.
Government grew bigger, economic growth shrank, the federal debt mushroomed, and Mr. Obama presided over the slowest, so-called “recovery” since the Great Depression.
Four years later, he’s still proposing we spend more public money on research, roads, bridges, education and dumping more tax dollars into politically connected green energy projects (many of which have gone bankrupt).
Read more: http://p.washingtontimes.com/news/2013/feb/13/treating-terrible-economy-with-higher-taxes/#ixzz2KnDJfFHl
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