Barack Obama: Rage About Deficits

Posted by admin on Tuesday, January 10, 2017

Barack Obama Money Quote during his farewell address in Chicago saying We can’t accept hypocrisy of budget cutting childcare but not taxes cut for corporate welfare. Barack Obama said:
 
How can elected officials rage about deficits when we propose to spend money on preschool for kids, but not when we’re cutting taxes for corporations? Quote
 

“How can elected officials rage about deficits when we propose to spend money on preschool for kids, but not when we’re cutting taxes for corporations?” — Barack Obama

 

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In this quote, Barack Obama seems to be criticizing the double standard of some elected officials when it comes to spending priorities and deficits. A few key points:

  • He questions how politicians can express outrage over deficits when spending is proposed for programs like preschool education for children.
  • However, those same officials often do not voice the same level of concern about deficits when proposing tax cuts for large corporations.
  • Obama implies this is a hypocritical position, as both spending and tax cuts impact the deficit, yet one type of proposal receives more criticism than the other.
  • He appears to be arguing that investments in education should be viewed as equally or more worthwhile in terms of economic and social impact compared to tax breaks for corporations.

Overall, the quote suggests Obama believes some officials selectively apply their deficit concerns based more on ideological preferences rather than fiscal responsibility, and that spending on areas like education deserves as much or more support than tax policies that primarily benefit large businesses.

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