Oh Nobama to Raise Medical Research Spending from 4.8 billion to 429 Billion or More

May 6, 2009 in Spending it like it grows on trees by cvlambson

President O’Nobama publicly shared Specter’s concern about funding for research last week at the National Academy of Sciences. Obama bemoaned, On CBS’ “Face the Nation,”what he described as insufficient funding for overall scientific research, pledging to make a “historic” investment with the goal of directing 3 percent of the country’s GDP toward such research and development

I started wondering about what we were going to pay for O’Nobama’s increase in money spent on medical research. I checked the GDP and found that in 2008 our GDP was 14.3 trillion. What would he do? double the expenditure maybe? Tripling it would be way out there right?

How much would O’Nobama’s increase be?

14.3 trillion multiplied by .03.

that’s 429 billion. Isn’t it. That’s actually a 424 billion dollar increase from the Bush years. How can that be? Where is it going to come from? What are they thinking?

For a clue, realize that the defense budget is a little bigger than that right now. My guess is, that’s where he’s going to get it. Slash defense, put it in research. You thought our vulnerability was increased in the Clinton years. He makes Clinton look like a five star general.

How in the world does he continue to get away with this? It’s very simple, if you didn’t already know it. Nobody asks him questions.

He says it, it must be true, and no one in the media calls him on it. How else would you explain it when he is able to say, straight-faced that now is a time for fiscal responsibility when his projected debt will be more than the debt created  by all presidents from GW to GWB combined.

Heaven help us; we have Socialist in the White House.