Not a single dime to the deficit. Many wonder how can President Obama can promise that, in almost the same breath as he talks about bringing early childhood education to every four year old in america, repair or replace 70-thousand bridges, enhance shipping ports and create more than one dozen manufacturing institutes.
Economist Daraius Irani has been thinking about the costs behind Obama's State of the Union wish list. "I would not bet the farm on that statement that there will be no deficit increase because of the expenditures."
Some of the rough annual dollar numbers $50 billion for bridges, $15 billion for construction projects and $65 billion for early education, and those manufacturing institutes would eat up another billion a year.
The President claims not one of those projects and the others he proposed will add to the deficit which tops $1.5 trillion this fiscal year.
Even before the new plans for more spending, the congressional budget office last week projected that our government spending will rise to to $3.6 trillion this year and soar to nearly $6 trillion a year by 2023, without a single new program added.
Economists and watchdogs tell us Obama must refine his tax proposals or create specific spending cuts to offset the costs of his wish list.
According to the watchdog group, the National Taxpayers Union, the single most expensive proposal put forward by Obama is combatting climate change. The cost, nearly $285 billion.
NTU says Obama's wish list is the most costly one put forward in a State of the Union Address.
Economist Daraius Irani has been thinking about the costs behind Obama's State of the Union wish list. "I would not bet the farm on that statement that there will be no deficit increase because of the expenditures."
Some of the rough annual dollar numbers $50 billion for bridges, $15 billion for construction projects and $65 billion for early education, and those manufacturing institutes would eat up another billion a year.
The President claims not one of those projects and the others he proposed will add to the deficit which tops $1.5 trillion this fiscal year.
Even before the new plans for more spending, the congressional budget office last week projected that our government spending will rise to to $3.6 trillion this year and soar to nearly $6 trillion a year by 2023, without a single new program added.
Economists and watchdogs tell us Obama must refine his tax proposals or create specific spending cuts to offset the costs of his wish list.
According to the watchdog group, the National Taxpayers Union, the single most expensive proposal put forward by Obama is combatting climate change. The cost, nearly $285 billion.
NTU says Obama's wish list is the most costly one put forward in a State of the Union Address.