And we all knew this, so it should not come as a surprise to anyone.  It is the reason we fought against the debt ceiling being raised.

Written on August 4, 2011 by Michelle Malkin

The American Age of Austerity lasted approximately three minutes, give or take a nanosecond. Immediately after the Senate approved the bipartisan “Budget Control Act of 2011″ on Tuesday afternoon, President Obama hustled over to the Rose Garden — to crow about the renewed opportunity to make “key investments.”

Yes, the pitched battle to force government to live within its means has preserved the failed stimulator-in-chief’s ability to keep spending like there’s no tomorrow. As the curtains closed on D.C.’s debt-ceiling theater, Obama wasted no time putting his new “investment” priorities on the table: higher taxes, more funding for endless unemployment benefits and a “national infrastructure bank.”

I don’t need to bet you a super-sized bowl of peas that pushover Republicans will be ready to toss their tea party costumes under the bus and rejoin the spending parade faster than you can say “Fitch.” Take that government-sponsored infrastructure bank idea. Undaunted by his spectacular porkulus bust and unemployment numbers still hovering near double-digits, Obama peddled this latest shovel-unready scheme last week:

“We’ve got the potential to create an infrastructure bank that could put construction workers to work right now,” he asserted at a press conference, “rebuilding our roads and our bridges and our vital infrastructure all across the country. So those are still areas where I think we can make enormous progress.”

read the article here:  http://patriotupdate.com/articles/back-to-big-government-spending-a...