President Obama is refusing accept deals that would raise the federal debt ceiling because they would require him to accept cuts in wasteful green-jobs and rail boondoggles and stimulusspending: “The president has made a bipartisan agreement even more difficult by declaringcertain spending off-limits to cuts. Mr. Obama’s ‘untouchable’ list includes his $1 trillion health-care reform, $128 billion in unspent stimulus funds, education and training outlays, his $53 billion high-speed rail proposal, spending on ‘green’ jobs and student loans, and virtually any structural changes to entitlements except further squeezing payments to doctors, hospitals and health-care professionals.” If the debt ceiling is not raised, America’s credit rating may be downgraded, leading to higher interest payments on the debt in the future.
The biggest recipient of green-jobs funding in the stimulus package was a bankrupt Australian company that imported Japanese turbines for a windmill farm. (Spain’s “green jobs” program, which Obama cited 8 times as a model for his own green jobs and global-warming programs, completely failed, destroying jobs and driving up Spain’s skyrocketing government deficit. Each new green job “created” in Spain wiped out 2.2 existing jobs and cost $800,000. New EPA rules dealing with global warming are expected to wipe out more than 800,000 jobs, while proposed EPA ozone rules could wipe out millions more.)
Obama’s refusal to cut any stimulus spending is foolhardy. Much stimulus money has been wasted. It has gone to prisoners and dead people, wasteful welfare spending, abandoned bridgesto nowhere, and unnecessary government buildings. Recently, $130,000 in stimulus money was spent for a book that demonized white people and encouraged teachers to treat students differently based on their race, based on wacky racial stereotypes.