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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.

Rep. 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 first hand 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 including 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.

DOLORES MURPHY February 13, 2013 at 01:13 PM
You lie. You represent the 1 percent while there are people in your district suffering.
Have Faith February 13, 2013 at 02:11 PM
Dolores you are wrong.....I am not a one percent and he has my vote. He won 58.8% of the vote in his district....that's not 1 percent. Our morals in this country are on a slippery slope to no where. Watch in the next few years.....Illinois is one of the worst states to live in as well to survive business and personal....wake up and read what's going on cause one day it won't be the rich people's fault.
John February 13, 2013 at 03:10 PM
Numbers don't lie. Take the R and D out of the equation and simply look at the numbers for Illinois. We rank last in almost every economic measurement. The country's current debt is $16,519,672,900. Look at that number: 16 trillion dollars! That's almost $150,000 owed per taxpayer! In the last 4 years, this administration and Congress added more debt than all other administrations and Congresses in history COMBINED! Even the CBO says the current course is 'unsustainable'. This is stealing money from our children and grand-children to pay for our spending today. It's immoral and illegal what they are currently doing and proposing for the future. It must stop!
Len Robertson February 13, 2013 at 04:10 PM
People have been deluged with bogus numbers that pretend the American economy will never be better than it is today. To believe that, one must believe that forces of nature like the Industrial Revolution, technology, and tornados stand still. In reality, there may be people alive today who will be worth 16 trillion dollars by 2063 and America's budget will likely be in the quadrillions. And, it won't be because of inflation. It will be because the American (and the world's) economy is just that much larger. Don't believe me? Do you realize the collective worth of the Silicon Valley billionaires is about 1.5 trillion dollars which is six times what America spent fighting WW2?
Jim Kirkhoff February 13, 2013 at 04:22 PM
John - That is bad math. Distribute that debt across income brackets and you will come to find that 1% owns 98% of that debt. Len - That type of reasonable analysis is not welcome amongst partisan bickering.
termlimits February 13, 2013 at 04:30 PM
Hultgren is another in a long line of wannabes that cannot even spell bipartisanship.
ayar February 13, 2013 at 05:06 PM
Some money will be coming back into the country after the troops begin to leave Afghanistan. Well, Mr. Hultgren ? what are you doing to get our fair share of that money to stream back into the state of Illinois ?
Todd Milliron February 13, 2013 at 05:21 PM
Someone needs to remind Mr. Hultgren he was in the Illinois State House for many years, you can be part of the problem or part of the solution, we did not get to where we are at overnight. Has anyone calculated Randy's pension, I am sure he will claim he earned it?
Greg Nelson February 13, 2013 at 05:25 PM
R or D have spent us and our children into a huge hole. We need to stop spending on "I WANTS" and focus on "I NEED" spending in all forms and in every government body. Schools districts are crunched, local towns the same. We all must cut and stop saying it is in the budget spending. We need to focus on the needed changes to turn these old ways. I'm a business owner in Illinois and frankly I would move everything just to get away from the spend now and worry later ideas. We can't give it away if we don't have it. REFORM is a simple word with many points but it is time to stop giving our cash away to others and that includes other countries. Just think North Korea is thumbing a finger at us. Should we spend billions in China to save us....oh wait we already have (balance trade) and this is just one hot spot. The solution isn't easy but life is the same. I think Obama idea is backward and needs a twist to the direction. Spending only in the business (private) sector is my vote. Stop screwing my company because frankly I have nothing left to give.
Matayka February 13, 2013 at 05:30 PM
How does he lie about his opinion? What did he say that was a lie?
John February 13, 2013 at 06:47 PM
Jim, you can't distribute the debt across income levels because it's debt owned by the public in full. Private debt can be distributed across income levels, public debt can't. You own the same share of public debt that I do, assuming you pay federal taxes (not an insult, I just don't know you).
John February 13, 2013 at 06:50 PM
Ayar, no money will be coming back to the country after Afghanistan. That war was funded 100% with borrowed money, according to the CBO. It's false for anyone, much less the President, to imply we 'save' any money by withdrawing our troops. All we do is stop spending additional borrowed money. It's kind of like paying your Visa with your MasterCard. Just because you pay off Visa doesn't mean you have extra money at the end of each month. You just transferred that debt to another lender.
ayar February 13, 2013 at 08:01 PM
No, John, "40" percent was funded by outside sources. The rest was taxpayers.
ayar February 13, 2013 at 08:18 PM
@Greg, Tax offshoring, aka China, India, etc. Any job offshores, and imports that hurt American employment should get taxed. Stop tax breaks to ship jobs overseas, there's no real reason to. Then *start* giving tax breaks to those who create jobs here in the good ole USA instead. You want to boost the American economy ? employ Americans. Do they really deep down think overseas tech support is better than tech support in the US of A ? really ? have you been on the receiving end of something you knew more about than they did and they insist they know better than the "dumb american" ? I too think both R and D need work.
Doug Eden February 13, 2013 at 10:49 PM
Illinois was just ranked as the most corrupt state in the nation. And Chicago is the crime capital of the nation. Kinda makes you proud how well our politicians take care of us. Oh but of course they were elected by the 50%+ that contribute nothing to society and only take from us taxpayers. THEY are the true problem to all of this.
Matilda B February 14, 2013 at 02:16 AM
Well Hultgren is showing his ignorance. First of all, don't blame Obama for Illinois ills, Randy was in the state government before he went federal. He can take part of the blame. Secondly Hultgren was a part of the obstructionists in congress, so yes, we'd have been much better off if congress wasn't so dysfunctional and prevent anything that would make the president look good. Randy can take credit for that as well. He also doesn't support green energy, jobs, and improving our infrastructure (which really needs to be addressed). But Randy is happy to seek tax cuts for the wealthy as evidenced by his estate tax legislation. He talks of cutting the deficit but seeks tax breaks for the wealthy. Reganomics did not work and will not work. Austerity will cause another recession. Randy needs to go
DB February 14, 2013 at 02:58 AM
I never post but these are the end of fiscal year debt levels since 2000. Approximately $4 trillion added over last four years. Around $3.5 trillion the previous 4 years. It is mathematically impossible for the $4 trillion added over the last four years to be more than the previous combined total of $12 trillion. Misinformation worries me and it has become the norm instead of the exception nowadays. Here is the department of treasury website: http://www.treasurydirect.gov/govt/reports/pd/histdebt/histdebt_histo5.htm 09/30/2012 16,066,241,407,385.89 09/30/2011 14,790,340,328,557.15 09/30/2010 13,561,623,030,891.79 09/30/2009 11,909,829,003,511.75 09/30/2008 10,024,724,896,912.49 09/30/2007 9,007,653,372,262.48 09/30/2006 8,506,973,899,215.23 09/30/2005 7,932,709,661,723.50 09/30/2004 7,379,052,696,330.32 09/30/2003 6,783,231,062,743.62 09/30/2002 6,228,235,965,597.16 09/30/2001 5,807,463,412,200.06 09/30/2000 5,674,178,209,886.8
John February 14, 2013 at 02:51 PM
Ayar, i'm not sure where you get your info, but mine comes from the CBO: Since the terrorist attacks of September 11, 2001, the US has initiated three major military operations: • Operation Enduring Freedom (OEF) • Operation Noble Eagle (ONE) • Operation Iraqi Freedom (OIF) As of 2012, Congress has appropriated approximately $1.3 trillion to these operations. During that time, our intake of revenues did not keep up with our expenditures. We spent more money each year than we took in. To cover that gap, Congress authorized continuing resolutions to increase the debt ceiling and allow the Administration to borrow more money. Because of this, departments using this money, such as Defense and Domestic programs, were operating primarily on borrowed money. This money was borrowed from either other countries, such as China - our largest debt holder, or from other government agencies. In the latter case, we borrowed money from ourselves which is crazy. Either way you look at it, this war was paid for by credit card, as Obama himself stated in his 2009 State of The Union address.
John February 14, 2013 at 02:58 PM
Matilda, I'm not a Hultgren defender, but you can't put much blame on him for what happened when he was in the Illinois GA. That is run by Madigan and the Democrats, Republicans can't get much done. Also, since when is disagreeing with someone considered 'obstructionism'? I have deep disagreements with this President and Senate and would consider it my duty, if I was in Congress, to oppose policies I don't think are good for this country. It wasn't call obstructionism by the Dems when they did it to Bush; it was 'patriotism'. My how things change. If Congress enacts tax cuts, it's only logical that the group that pays the most in taxes, whom you call 'the wealthy', will get the majority of the breaks. If someone doesn't pay any Federal tax, as almost 48% of this country, how can they get 'tax breaks'? Your arguments define your lack of logic and reasoning.
steve todd February 14, 2013 at 06:07 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 14, 2013 at 06:58 PM
John- how many fillabusters were there in the past year compared to when Bush was in. I think your arguments define your lack of logic and reasoning, as well as ignores what we know about the austerity measures and their effectiveness
ayar February 16, 2013 at 03:23 PM
he's both right and wrong. It does need to shrink, but only in the right areas. US post office does NOT need to fund it's pensions for 75 YEARS ahead [no other office does], first. Second, as we pull out of Afghanistan, we will be cutting back on a substantial chunk of $$ right there. Inflation is inevitable until we realize we need to tax offshoring as well as importing, and start pulling tax benefits for offshoring corporations. We have to think in terms of bipartesian interests instead of spouting "the party line" all the time.

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