ON-Lion Letter
Even as he encouraged positive reforms like a freeze on a small portion of the federal budget and a more-robust disclosure process for Congressional earmarks, President Barack Obama still called for at least $70.46 billion in new federal spending burdens on taxpayers, according to a line-by-line analysis of his first State of the Union address in January by the National Taxpayers Union Foundation (NTUF) in Alexandria, Va.

"Presidents often give laundry lists of proposals designed to please political constituencies in their State of the Union Addresses, and President Obama's speech was no exception," according to NTUF senior policy analyst Demian Brady, who conducted the study.  "But regardless of what's in the laundry bag, the people left holding the bill for it all are the nation's taxpayers.  While the President should be commended for his newfound support of a spending freeze on one-eighth of the federal budget, Americans won't be happy to learn that his other proposals would far outweigh any savings the freeze might provide."

Since 1999, when NTUF began tracking Presidential addresses, the lowest recorded total was President George W. Bush's address in 2006, coming in under $1 billion in new spending; the highest was President Bill Clinton's 1999 speech, which proposed $305 billion in new outlays.  Obama's speech amounted to $36 billion less than the $106 billion that George W. Bush offered in his first State of the Union speech in 2002.

Obama outlined 21 proposals with a fiscal impact, eight of which would boost spending, three of which would cut them, and 10 of which had costs or savings that could not be pinpointed.  The single largest item Obama mentioned was a call to pass cap-and-trade national energy tax legislation, with an outlay cost of $51.5 billion (not including revenue increases or price hikes in energy bills).

The Lynde and Harry Bradley Foundation in Milwaukee supports NTUF.
Actions: E-mail | Permalink |