Hultgren: President's Economic Policies Will Lead Nation on Same Path as Illinois' Fiscal Crisis

Rep. Randy Hultgren said president's economic policies are bad for the country. Compares his policies with fiscal state of Illinois.

Rep. Randy Hultgren said people only need to look at the fiscal state of Illinois to see where the fiscal policies of President Barack Obama will lead the country.

“The bottom line is we have seen in Illinois exactly what the outcome of the Obama era policies are. We’ve seen first-hand as the state has increased taxes, increased spending…. And lost jobs. The state continues to come apart at the seams. That’s what will happen at the Federal level too as a result of the president’s policies. We know this. We’ve seen it before first hand in our state. And if you keep doing what you’re doing, you’re going to keep getting what you’ve already got,” Hultgren said in a press release.

During his annual State of the Union address to the nation, Obama argued for an active government role to tackle inequality, education and the economy, which includes a call to raise the minimum wage to $9 an hour. Obama proposed funding infrastructure projects and energy research. He said green jobs will drive future employment growth, The Washington Post reported.

With national unemployment figures hovering near 8 percent and the threat of automatic spending cuts looming, the president “emphasized that his proposals would not add to the $854 billion deficit, only reallocate money already in the budget to finance them,” the Post reported.

Following the president’s annual address, Hultgren, who represents the 14th District including Kane and Kendall counties, said the president’s policies will break the nation economically. Hultgren, a Winfield Republican, said Obama pledged to cut the deficit in half by the end of his first term when he delivered his first State of the Union address in 2009. Hultgren said Obama failed on his promises to cut the federal debt, and instead added approximately $6 trillion.

“With the president this evening saying ‘Nothing I’m proposing tonight should increase our deficit by a single dime' I think even the most impartial observer would conclude he simply has no credibility left at this point,’” Hultgren said.

John February 14, 2013 at 02:51 PM
Ayar, i'm not sure where you get your info, but mine comes from the CBO: Since the terrorist attacks of September 11, 2001, the US has initiated three major military operations: • Operation Enduring Freedom (OEF) • Operation Noble Eagle (ONE) • Operation Iraqi Freedom (OIF) As of 2012, Congress has appropriated approximately $1.3 trillion to these operations. During that time, our intake of revenues did not keep up with our expenditures. We spent more money each year than we took in. To cover that gap, Congress authorized continuing resolutions to increase the debt ceiling and allow the Administration to borrow more money. Because of this, departments using this money, such as Defense and Domestic programs, were operating primarily on borrowed money. This money was borrowed from either other countries, such as China - our largest debt holder, or from other government agencies. In the latter case, we borrowed money from ourselves which is crazy. Either way you look at it, this war was paid for by credit card, as Obama himself stated in his 2009 State of The Union address.
John February 14, 2013 at 02:58 PM
Matilda, I'm not a Hultgren defender, but you can't put much blame on him for what happened when he was in the Illinois GA. That is run by Madigan and the Democrats, Republicans can't get much done. Also, since when is disagreeing with someone considered 'obstructionism'? I have deep disagreements with this President and Senate and would consider it my duty, if I was in Congress, to oppose policies I don't think are good for this country. It wasn't call obstructionism by the Dems when they did it to Bush; it was 'patriotism'. My how things change. If Congress enacts tax cuts, it's only logical that the group that pays the most in taxes, whom you call 'the wealthy', will get the majority of the breaks. If someone doesn't pay any Federal tax, as almost 48% of this country, how can they get 'tax breaks'? Your arguments define your lack of logic and reasoning.
steve todd February 14, 2013 at 06:07 PM
The congressman is exactly correct. Our standard of living is falling, but it is masked by the borrowing & spending to keep the public appeased. It's like using your credit cards to pay your monthly bills...except there is no limit on the government's card...until the government has to start buying all it's own debt because other sources...like China, lose faith in our ability to repay it. Then if inflation hits us hard, it will be a financial catastrophe. Our government needs to get smaller. Period. Every law that we pass, and every tax that we increase, further diminish our freedoms. We should take a mentality to pass laws and raise taxes with great consideration to what we give up each time. Remember when Governor Quinn raised our state income taxes? They got the revenue but did not cut our spending. Now our taxes are higher, and our debt higher still. That seems more than bad governance to me...it feels like fraud. Congressman Hultgren is exactly correct, and government spending has to shrink. It's killing business, and it's dividing our country.
Matilda B February 14, 2013 at 06:58 PM
John- how many fillabusters were there in the past year compared to when Bush was in. I think your arguments define your lack of logic and reasoning, as well as ignores what we know about the austerity measures and their effectiveness
ayar February 16, 2013 at 03:23 PM
he's both right and wrong. It does need to shrink, but only in the right areas. US post office does NOT need to fund it's pensions for 75 YEARS ahead [no other office does], first. Second, as we pull out of Afghanistan, we will be cutting back on a substantial chunk of $$ right there. Inflation is inevitable until we realize we need to tax offshoring as well as importing, and start pulling tax benefits for offshoring corporations. We have to think in terms of bipartesian interests instead of spouting "the party line" all the time.


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