Obama: Gov't Spending 'Is Not Some Socialist Dream' Or 'Grand Scheme To Redistribute Wealth'

Craig Bannister
By Craig Bannister | April 11, 2012 | 9:52 AM EDT

Pres. Obama dismissed the notion that government spending programs are some sort of "socialist dream" or redistributionist scheme in a speech yesterday.

Government spending on entitlements provides Americans with a “safety net” that enables them to “take risks” and leave their jobs, Pres. Obama proclaimed in a speech at a Florida university on Tuesday.

“[T]he idea that together we build this safety-net, this base of support – that allows all of us to take risks, and try new things, maybe try - get a new job - because we know that there’s this base that we can rely on,” Obama told the crowd at Florida Atlantic University in Boca Raton.

“It’s the reason why we contribute to programs like Medicare and Medicaid and Social Security and unemployment insurance,” Obama said.

“So, these investments, in things like Education and research and health care. They haven’t been made as some grand scheme to redistribute wealth from one group to another. This is not some socialist dream.”

Obama appeared to be channeling then-House Speaker Nancy Pelosi, who claimed that passing Obamacare would enable people to quit their jobs to do something more rewarding:

“We see it as an entrepreneurial bill,” Pelosi said, “a bill that says to someone, if you want to be creative and be a musician or whatever, you can leave your work, focus on your talent, your skill, your passion, your aspirations because you will have health care.”

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