Posted on 04/24/2009 3:11:13 PM PDT by reaganaut1
President Barack Obama formally asked Congress to enact statutory budget controls that would require any new tax cuts or expansion of government benefit programs be fully paid for.
In a letter sent Friday to Speaker Nancy Pelosi (D., Calif.), Obama said so-called pay as you go budget rules are essential to regaining long-term control of the budget.
He called on Congress to work with me to enact the new rules, saying it is essential to return our nation to fiscal health.
The president noted similar budget rules helped limit the expansion of the government and wipe out the budget deficit during the 1990s. I believe that it can do the same today, he said.
(Excerpt) Read more at blogs.wsj.com ...
Obama's letter to Pelosi (PDF) is here .
This is bullshit!
He means “WE” pay as “HE” spends!
What a suck wad.
After bringing the deficit and debt into the realm of theoretical accounting, now he wants a "pay as you go" budget?
Wow, I guess he was for a balance budget for he borrowed against it.
The list, ping
Community organizers make terrible Presidents.
I guess this bunch figures the press is so in their hip pocket they can get away with anything.
Yeah....so much better than Governors who were former Mayors in Alaska....(I’m still po’d at a “friend” who made fun of Sarah Palin)
Enact this and then with TRILLION dollar deficits already in place for the next ten years then he gets to say “Well - sorry got to raise taxes on the wealthy (those with any money left) the law says so ... “. :-(
So our grandkids don’t have that $800 billion debt because he paid as he went, right?
pay as you go?? trillions in deficits as far as 10 years out... insane
Because he will not say that we need to cut spending, he thinks we really need to “invest” more ....
If they raise taxes as required to balance the budget then forget about it, depression here we come.
schu
Where is the SATIRE keyword?
This is nothing but a mandate to raise taxes beyond anyone’s wildest imaginations. Notice the admonition is not to grow government without paying for it first, but that comes after this latest super growth of government that doesn’t qualify. 0 is a lying thief.
Obama makes the flim flam man look like the truth giver.
Astoundingly. He clearly thinks we're all idiots who can't see the difference between talk and action.
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