Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

Obama's Secret Slush Fund
Fox ^ | 2/2/10 | Phil Kerpen

Posted on 02/02/2010 10:21:09 AM PST by Nachum

The big news in last year’s budget release was the revelation that the Obama administration planned to use cap-and-trade to raise $646 billion dollars over ten years to finance its big spending programs. At the time I wrote here in the Fox Forum that estimate was a lowball of what actually constituted the biggest tax increase in U.S. history, something White House economist Jason Furman later admitted when he revealed the real revenue would likely be triple the official estimate. So the first thing I checked in this year’s budget was how much revenue was expected from the cap-and-trade energy tax, to which the president reiterated his commitment in his State of the Union address last week. The surprising answer is the budget actually has, literally, a blank line for the cap-and-trade tax. A black box. A slush fund. A secret budget-within-the-budget. Talk about a lack of transparency.

(Excerpt) Read more at foxnews.com ...


TOPICS: Crime/Corruption; Government; News/Current Events
KEYWORDS: february; fund; obamas; secret; slush; slushfund
Song of the moment...

Liar Liar

http://www.youtube.com/watch?v=S8rCy173y7Y&feature=related

1 posted on 02/02/2010 10:21:13 AM PST by Nachum
[ Post Reply | Private Reply | View Replies]

To: Jet Jaguar; NorwegianViking; ExTexasRedhead; HollyB; FromLori; EricTheRed_VocalMinority; ...

The list, ping


2 posted on 02/02/2010 10:21:52 AM PST by Nachum (The complete Obama list at www.nachumlist.com)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Nachum
Liar Liar, The Castaways   -  
3 posted on 02/02/2010 10:23:30 AM PST by Nachum (The complete Obama list at www.nachumlist.com)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Nachum

Obama increases his own slush fund while insidiously raising taxes on the middle class—

“Backdoor taxes to hit middle class”—the article that was scrubbed from Yahoo and Reuters is found here (scroll down)

http://smartgirlpolitics.ning.com/profiles/blogs/back-door-taxes-to-hit-middle


4 posted on 02/02/2010 10:24:52 AM PST by Palladin (It's a new day in America. Welcome, Senator Brown.)
[ Post Reply | Private Reply | To 2 | View Replies]

To: Nachum

The soon to be next senator from Illinois voted for this as a “republican” house member.

I voted for Hughes this morning but according to polls he doesn’t have much of a chance.


5 posted on 02/02/2010 10:27:10 AM PST by Graybeard58 ("0bama's not just stupid; He’s Jimmy Carter stupid”. - Don Imus)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Nachum

rebel rebel.


6 posted on 02/02/2010 10:39:54 AM PST by ichabod1 ( I am rolling over in my grave and I am not even dead yet.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Nachum
"Obama's Secret Slush Fund"

It's not really a slush fund, guys, because it was itemized.

However, there's not doubt that cap and trade was going to be a huge revenue raiser for the Gov't, and even if AGW was proven to be bullsh-t they would still claim it was needed to ensure energy conservation.

That said, it was another example of Democratic doubletalk.

Actually, I think Presidents, even Democratic Presidents, should HAVE slush funds, or better known as discretionary funds. That's how they can pay for emergencies without having to go hat in hand to Congress.

7 posted on 02/02/2010 10:44:35 AM PST by tom h
[ Post Reply | Private Reply | To 1 | View Replies]

To: Palladin

Nice one, thanks. I posted a link to it on my own site too. (Nachumlist.com)


8 posted on 02/02/2010 10:46:07 AM PST by Nachum (The complete Obama list at www.nachumlist.com)
[ Post Reply | Private Reply | To 4 | View Replies]

To: ichabod1

A secret budget-within-the-budget. Talk about a lack of transparency.Oh it’s transparnet the more bribe money you have the more bills you get passed Chicago hack at work.


9 posted on 02/02/2010 10:54:48 AM PST by Vaduz
[ Post Reply | Private Reply | To 6 | View Replies]

To: Nachum

the list


10 posted on 02/02/2010 10:58:11 AM PST by PMAS
[ Post Reply | Private Reply | To 1 | View Replies]

To: Nachum

Thanks for posting the link.


11 posted on 02/02/2010 10:59:44 AM PST by Palladin (It's a new day in America. Welcome, Senator Brown.)
[ Post Reply | Private Reply | To 8 | View Replies]

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson