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State of The Union Address 2011

Permalink 01/24/11 21:44, by OGRE / (Jeff), Categories: Welcome, News, Background, In real life, On the web, Politics, Health Care, Stimulus Spending, U.S. Economy, Financial Reform Legislation

I want everyone to pay very close attention to the use of the words "invest" and "spend". I went over this two years ago, take a peek...

Here are some of the examples of Obama’s use of the word SPEND.

Obama:

But given the problems that the financial bailout program has had so far -- banks not wanting to talk about how they're spending the money, the AIG bonuses that you mentioned -- why do you think the public should sign on for another new sweeping authority for the government to take over companies, essentially?

And -- and so what we're trying to emphasize is, let's make sure that we're making the investments that we need to grow to meet those growth targets, at the same time we're still reducing the deficit by a couple of trillion dollars, we are cutting out wasteful spending in areas like Medicare, we're changing procurement practices when it comes to the Pentagon budget, we are looking at social service programs and education programs that don't work and eliminate them.

Now observe Obama’s use of the word INVEST.

Obama:

It's with a budget that leads to broad economic growth by moving from an era of borrow and spend to one where we save and invest.

We invest in reform that will bring down the cost of health care for families, businesses and our government.

But it is -- it is going to be an impossible task for us to balance our budget if we're not taking on rising health care costs, and it's going to be an impossible task to balance our budget or even approximate it if we are not boosting our growth rates. And -- and that's why our budget focuses on the investments we need to make that happen.

And so what we've said is, look, let's invest in health information technologies.

See the difference? The truth, on the other hand, is the only way for any government to “invest” is to spend money. Funny how that works, isn’t it? We are currently borrowing and spending. Show me where the government is saving anything!

Polling data shows that people have a negative reaction to the word spend. People have a much more positive reaction to the word invest.

On a side note. I played a drinking game a few years back during a presidential debate between Bush and Kerry. Every time Kerry would say, "I have a plan" you had to take a shot. Needless to say, I couldn't really continue on the path I had set out. I beleive that the use of the word "invest" is going to be the "I have a plan" equivalent during this State of The Union Address.

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2 comments

Comment from: Hollie [Visitor]
HollieYep, a guy said the same thing as you on the FCN FB poll.
01/25/11 @ 13:14
Comment from: Beverly Swanson [Visitor]
Beverly SwansonSo invest=borrow & spend? Hopefully the house and senate will be able to pass the new budget that will strip a bunch of needless spending. Great post!
02/21/11 @ 09:48

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