Obama’s State of the Union Address is Just Talk!


President Obama’s speech was a disappointment to me, even though 90% of the nation approved of it. Why? Because his numbers did not add up.

In his State of the Union address, he pompously asserted that he will cut spending; however, he says that he won’t cut defense, social security, nor medicare, which constitute 61% of our budget.  Rather he will be focusing on the 19% of what he termed discretionary spending.  LOL!  What BS!

And then he said that he will close the tax loopholes for the oil companies.  But this has been proposed before and it never happens in Congress.  Why?  All of our representatives are owned by the oil companies.

Then he proposed increased spending on infrastructure, education, and the like.  But where will these monies come from, since he extended that tax holiday on the rich, allowing them to not pay $1 trillion of taxes over the upcoming years.

More rhetoric and BS from the talking President.  I cannot wait for 2012.

About William Brighenti

William Brighenti is a Certified Public Accountant, Certified QuickBooks ProAdvisor, and Certified Business Valuation Analyst. Bill began his career in public accounting in 1979. Since then he has worked at various public accounting firms throughout Connecticut. Bill received a Master of Science in Professional Accounting degree from the University of Hartford, after attending the University of Connecticut and Central Connecticut State University for his Bachelor of Arts and Master of Arts degrees. He subsequently attended Purdue University for doctoral studies in Accounting and Quantitative Methods in Business. Bill has instructed graduate and undergraduate courses in Accounting, Auditing, and other subjects at the University of Hartford, Central Connecticut State University, Hartford State Technical College, and Purdue University. He also taught GMAT and CPA Exam Review Classes at the Stanley H. Kaplan Educational Center and at Person-Wolinsky, and is certified to teach trade-related subjects at Connecticut Vocational Technical Schools. His articles on tax and accounting have been published in several professional journals throughout the country as well as on several accounting websites. William was born and raised in New Britain, Connecticut, and served on the City's Board of Finance and Taxation as well as its City Plan Commission. In addition to the blog, Accounting and Taxes Simplified, Bill writes a blog, "The Barefoot Accountant", for the Accounting Web, a Sift Media publication.
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