Competitive Enterprise Institute | 1899 L ST NW Floor 12, Washington, DC 20036 | Phone: 202-331-1010 | Fax: 202-331-0640
Despite exploding deficits, President Obama and congressional leaders are backing a $5.7 billion “national service” boondoggle.
proposed budgets, which break his campaign promise of “a net spending
cut,” will already increase the national debt by $9.3
trillion, according to the Congressional Budget Office (CBO), making even the Bush administration look thrifty by comparison.
Where will the new money come from? The CBO says Obama’s $800 billion stimulus package will actually shrink the economy “in the long run.”
of the “national service” funds will be wasted on ideological causes.
In the past, they were used to pay young people to lobby for
rent control and against anti-crime legislation, such as “three-strikes” laws.