Skip to comments.Obama's Secret Slush Fund
Posted on 02/02/2010 10:21:09 AM PST by Nachum
The big news in last years 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 years 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 ...
The list, ping
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)
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.
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.
Nice one, thanks. I posted a link to it on my own site too. (Nachumlist.com)
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.
Thanks for posting the link.