President Obama will only propose $775 million in spending cuts, but he’s calling for “investing” $53 billion (yes, with a b) on high speed rail.
The Daily Caller reported:
President Barack Obama is calling for a six-year, $53 billion spending plan for high-speed rail, as he seeks to use infrastructure spending to jumpstart job creation.
An initial $8 billion in spending will be part of the budget plan Obama is set to release Monday. If Congress approves the plan, the money would go toward developing or improving trains that travel up to 250 miles per hour, and connecting existing rail lines to new projects. The White House wouldn’t say where the money for the rest of the program would come from, though it’s likely Obama would seek funding in future budgets or transportation bills.
Unfortunately, at least a few Republicans appear willing to go along with Obama’s high speed rail boondoggle.
They spent almost a trillion dollars with the failed stimulus program and failed to create any jobs. It killed jobs. But we’re supposed to believe $53 billion on trains is going to create jobs?
Here’s the Obama deficit chart in case you missed it.
We can’t afford this!