Skip to comments.The Obama Budget: Is It A Plan or a Train Wreck?
Posted on 04/11/2013 7:30:55 AM PDT by SeekAndFind
The president has released his budget, with the usual threats to refuse to negotiate with Republicans in the co-equal branch of government called Congress. The proposal is monumental, with total spending in the budget totaling $3.778 trillion. Or, as the average accountant would write it:
Looking at it another way, we currently have a national debt in the $16-trillion range. This sum has been accumulating since George Washington was first sworn in as president and on through the War of 1812, the Civil War, the Spanish-American War, World War I, World War II, the Korean Conflict, Vietnam, the assorted wars that never even earned a real name, the construction of the Transcontinental Railroad, landing men on the moon, and a few other odds and ends. All that went on over more than 200 years, yet for only the next year -- just one single year -- Obama intends to spend an amount that is nearly 25% of that number. He wants to spend in twelve months one quarter of the debt the nation has accumulated over 200 years.
So perhaps "monumental" really is the best description. Just what such a monument will memorialize is something to be determined at a later date.
Obama's budget, which was submitted two months late, is supposed to cover the government's expenses for the twelve months beginning October 1, 2013, slightly less than six months away. The president's proposed budget relies heavily on his demand for a "balanced" approach, meaning increased taxes on the less favored of our citizens rather than fiscal restraint alone.
Have a problem with "less favored"? Why else would taxes be levied against only certain taxpayers unless they deserved to be punished in some way?
(Excerpt) Read more at americanthinker.com ...
Really. A planned train wreck.
Is this a trick question?
in the immortal words of Admiral Ackbar: “It’s a trap.”
If we want to help curb spending, legally eliminate the word “trillion” from all bills and document and discussions in all three branches of government as well as the States.
So obozo would HAVE to say “I propose 3.1 thousand billion dollars.”
Adjusted for inflation, $5T dollars represents the same amount of money spent during ALL FOUR YEARS of WWII!!!!
Cloward-Piven strategy is working...
Hey, Stupid! You and all your buddies in Washington wrote the damn Tax Code in the first place. How 'bout this instead: Throw out the whole damn Code and replace it with a flat %17 on adjusted gross income after a $40000 deduction...period! If you have a big family and $40K doesn't cover it, too bad...not my problem. You made the decision to have too many kids. You could file your return on a postcard.
RE: It’s time for the rich and corporations to pay their fair share and to prevent them from taking advantages of tax loop holes.”
How many times is he going to use the term “pay their fair share” before people grow tired of it?
I’d call his proposals “tax hikes on the taxed.”
To communists Americans it is a great plan. Keep government feeding me.
To what’s left of real America it is a total continuation of communists changing America.
Fixed the headline.
You got it totally right. I've been with your plan for years. We could save billions just firing most of the IRS.
Train wreck? No.
It’s an asteroid impact.
No, it's American Airlines fight 11.
The pilot is not American.
The transponder (MSM) has been turned off.
It's 8:30 AM (EDT) on September 11th.
Probably until the MSM tells the truth: 10% of the tax payers foot almost 70% of Federal tax receipts. If I hear one more SOB like Buffet say they want higher taxes...If that's the way you feel, then send in a check for whatever amount is necessary to make you feel good about yourself and then STFU. Personally, I think I can spend my money better than Obozo can and, believe me, I would not be buying free cell phones for some deadbeat in Cleveland!