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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.

U.S. Congressman 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 firsthand 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 which includes 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.

ann holt-harris February 14, 2013 at 01:41 PM
You can say whatever you want but why don't you provide some evidence to support what you are saying so people can make an evaluation? The evidence from Europe with their austerity is the opposite - their economies are shrinking. I don't read anything substantive in your remarks to convince me that the problems in Illinois are the same as the federal ones. I haven't noticed anyone in Congress turning down their lavish benefits to help promote austerity.
Colin C. February 14, 2013 at 04:06 PM
Ann, I agree. Pure austerity has a well known and predictably negative impact on an economy. There is a great feature section in last week's Economist that shows, in great detail and with copious data, that the Scandinavian countries, formally somewhat socialist and going broke, are currently doing very well with a balanced program of reforms that include increased revenue as well as spending cuts that do not devastate social programs. It is possible to do this. All that it requires from our leaders is intelligence, discipline, an ability to accept proven fact over ideology, a willingness to put the welfare of the nation above personal gain, and the maturity to behave and work together as adults. Unfortunately, none of these attributes seem to prevail among the people that we elect to office. And as long as the financial industry and big business own Washington and many state capitols I doubt that things will change much. I believe that the first thing that we must do in order to change this is to find a way to get private money completely out of politics.
steve todd February 14, 2013 at 04:56 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 15, 2013 at 01:28 PM
Ann and Colin are quite right. Steve, you have opinions but can you cite where this ideology has been successful? Where has it worked...anywhere? Furthermore, can you tell me exactly what freedom have you lost?I am not aware that my freedoms have changed. Enlighten me. Hultgren talks about reducing the debt but he has proposed legislation to lower taxes on the wealthy. And we know that this lowering taxes on the wealthy simply does nothing for our economy or jobs. Hultgren says one thing and then does the opposite. If he was concerned about the debt, he'd look for opportunities to reduce. Oh wait...isn't that what the middle class is for? Lets raise taxes on regular people.
Matilda B February 17, 2013 at 01:55 PM
Read the article, link pasted below. Hultgren's economic views worry me. We have a disaster coming up for the baby boomers and the Republicans still want to cut taxes on wealthy and hit the middle class http://www.washingtonpost.com/business/economy/fiscal-trouble-ahead-for-most-future-retirees/2013/02/16/ae8c7350-5905-11e2-88d0-c4cf65c3ad15_story.html

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