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Spending to Increase 55 Percent Under Obama's Plan
Weekly Standard ^ | Monday, December 24, 2012 | DANIEL HALPER

Posted on 12/24/2012 3:08:07 PM PST by upchuck

Spending will increase 55 percent over the next decade, if President Barack Obama's budget plan goes into effect. The finding comes from the Republican-side of the Senate Budget Committee, which notes that Obama's "Proposal Would Spend $880 Billion Over Already Projected Increases."

"The President's last fiscal cliff offer once again increased spending rather than reducing it," writes the minority-side of the Senate Budget Committee. "His plan does claim $800 billion in spending reductions over ten years, but these claims are more than offset by new spending increases: increasing spending above BCA limits ($1,200 billion); paying for the doc fix ($400 billion); new transportation stimulus spending ($50 billion), and; a one-year extension of unemployment insurance ($30 billion).

"After subtracting the president’s savings from his spending increases, over the next 10 years the President’s proposal actually spends $880 billion more - $44.368 trillion versus $43.488 trillion - than currently projected spending levels. In the next two years alone, the President’s plan would spend $255 billion over current projected spending levels ($156 billion higher in FY13 and $99 billion higher in FY14). Overall, spending would increase 55% under the President’s plan, from $3.6 trillion in FY13 to $ 5.6 trillion in FY22."

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


TOPICS: Business/Economy; Crime/Corruption; Culture/Society; Government
KEYWORDS:
To hell with what he says. Watch what he DOES.

IMHO, all this "over ten years" talk is just shiny object bullshit.

1 posted on 12/24/2012 3:08:12 PM PST by upchuck
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To: upchuck

55% here, 55% there...pretty soon you’re talking some real money! (apologies to Everette Dirksen)


2 posted on 12/24/2012 3:15:28 PM PST by gorush (History repeats itself because human nature is static)
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To: upchuck
But, the ranking member, Senator Jeff Sessions, of the Senate Budget Committee contends that nothing has changed.

"President Obama today gave yet another speech about the fiscal cliff," says Sessions. "No plan, nothing that can be scored or analyzed, just another speech. If President Obama wishes to avoid the fiscal cliff then he, with all the power and influence he holds as the leader of this nation, must submit to Congress – in legislative form – a plan that he believes can pass both chambers of Congress with bipartisan support. No more secret meetings and pointless press conferences. Certainly this is not too much to ask. So we await his action: will he move from an unscorable speech to scorable legislation? If he is unwilling to submit such a plan then we may be left with only one persuasive conclusion: that he has used two years of secret meetings with Republican leaders not as an opportunity to achieve fiscal reform, but as a political exercise to defeat his opposition and preserve the expansion of federal spending."

I know that the Dems want to continue to tax and spend, but I suspect that many establishment Reps want to do the same thing. Our political elites are hooked on spending. They love playing Santa Claus and don't want to be put in the position of being Scrooge when it comes to making painful decisions on real spending cuts--as distinguished from cuts in the rate of growth of spending.

Ultimately, I blame the voters who want all the benefits the welfare state has to offer but are unwilling to pay the costs.

3 posted on 12/24/2012 3:18:18 PM PST by kabar
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To: Jet Jaguar; NorwegianViking; ExTexasRedhead; HollyB; FromLori; EricTheRed_VocalMinority; ...

The list, Ping

Let me know if you would like to be on or off the ping list

http://www.nachumlist.com/


4 posted on 12/24/2012 3:19:14 PM PST by Nachum (The List is off the Google blacklist- www.nachumlist.com)
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To: Jet Jaguar; NorwegianViking; ExTexasRedhead; HollyB; FromLori; EricTheRed_VocalMinority; ...

The list, Ping

Let me know if you would like to be on or off the ping list

http://www.nachumlist.com/


5 posted on 12/24/2012 3:20:07 PM PST by Nachum (The List is off the Google blacklist- www.nachumlist.com)
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To: kabar

Remember, 0bama lost nearly all the non-swing states. Furthermore, 0bama stole the election and only needed to do so in just a handful of swing states, using his unions, ACORN, Black Pampers and U.N. “poll monitors yeah right”


6 posted on 12/24/2012 3:21:38 PM PST by Obama_Is_Sabotaging_America (IMPEACH OBAMA)
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To: kabar

Jeff Sessions doesn’t fool around. Tells it straight up, no BS.

I wanted to include his quote in the article but couldn’t due to excerpting. Thanks for posting it.


7 posted on 12/24/2012 3:23:08 PM PST by upchuck (America's at an awkward stage. Too late to work within the system, too early to shoot the bastards.)
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To: Nachum

WOW, this post made the natchumlist. I am humbled :)


8 posted on 12/24/2012 3:24:40 PM PST by upchuck (America's at an awkward stage. Too late to work within the system, too early to shoot the bastards.)
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To: upchuck

“55 percent over the next ten years”?

I’ll wager spending will be up 55% or more in less than FOUR years!


9 posted on 12/24/2012 3:25:06 PM PST by jjotto ("Ya could look it up!")
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To: upchuck

LOL!


10 posted on 12/24/2012 3:25:56 PM PST by Nachum (The List is off the Google blacklist- www.nachumlist.com)
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To: upchuck

A trillion here a trillion there, pretty soon we’re spending big money.


11 posted on 12/24/2012 3:26:49 PM PST by Jim Robinson (Resistance to tyrants is obedience to God!!)
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To: Jim Robinson

For god’s sake nobody tell Obama there is a number
bigger than a trillion!


12 posted on 12/24/2012 3:39:16 PM PST by tet68 ( " We would not die in that man's company, that fears his fellowship to die with us...." Henry V.)
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To: upchuck

Unless the muzzies start suitcase-nuking our cities first...


13 posted on 12/24/2012 3:43:30 PM PST by hosepipe (This propaganda has been edited to include some fully orbed hyperbole..)
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To: upchuck
55%... is that all??? i bet he it's more than that before he's done
14 posted on 12/24/2012 3:44:14 PM PST by Chode (American Hedonist - *DTOM* -ww- NO Pity for the LAZY)
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To: Nachum

That’s a 5% year over year increase in spending. Does anyone think that the economy as a whole will increase 5% a year after Obama gets done inflicting his policies on America? Neither do I.


15 posted on 12/24/2012 3:47:23 PM PST by fhayek
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To: fhayek

Considering government grows at close to 7% (I think.. I have a bad memory) 5% seems low.

we’re flucked anyways you cut it.


16 posted on 12/24/2012 4:37:57 PM PST by cableguymn (The founding fathers would be shooting by now..)
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To: upchuck

He’s never going to get one nickel from me to spend, don’t care if I end up in a prison cell or a hut in the woods.


17 posted on 12/24/2012 6:54:53 PM PST by fattigermaster
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To: Chode

Prediction: Obamacare will cost much more—read exponentially—than projected.


18 posted on 12/24/2012 7:59:26 PM PST by kabar
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To: kabar
bingo...
19 posted on 12/24/2012 8:16:57 PM PST by Chode (American Hedonist - *DTOM* -ww- NO Pity for the LAZY)
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