The Detroit News - Wednesday, February 25, 2009
Editorial: Obama's proposal, goals don't line up - He promises fiscal discipline and expensive new initiatives
Credit President Barack Obama for heeding calls to strike a more hopeful tone in his address to Congress and the nation Tuesday night. Americans needed a break from the relentless predictions of economic doom and to instead hear that things will indeed get better.
But the programs, policies and promises laid out in his speech are a mess of contradictions that the president will have to reconcile if he hopes to keep the public's confidence.
An overriding theme of the address was fiscal responsibility. Obama repeated his promise to halve the federal deficit, now well in excess of $1 trillion, by the end of his first term. Even if he does that, it will merely take the deficit back to where it was before the stimulus spending began late last year. Overspending revenues by a half-trillion a year doesn't shout fiscal discipline. (continues...)
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