Skip to comments.White House doubles down on vow Obama won't agree to more spending cuts
Posted on 07/28/2013 11:41:54 AM PDT by Innovative
The Obama administration dug in Sunday on its vow to reject proposed spending cuts by congressional Republicans in upcoming budget talks, but declined to say whether the president would veto their proposals or allow a government shutdown.
Treasury Secretary Jack Lew told Fox News Sunday that President Obama will neither sign government funding bills that slash domestic spending nor negotiate with Republicans over spending cuts to reduce the federal debt limit.
He also said the president was not going to accept a budget in which domestic spending is further cut to soften the blow to Defense spending.
(Excerpt) Read more at foxnews.com ...
And we wouldn't possibly want to eliminate funding for such "important" programs such as a "raisin reserve"?! (/sarc)
Obama: There is no government waste.
I thought the House “doled” out money. Where did the _resident derive this authority?
shut it down
Call the bast%rds bluff. Put him in a position he can NEVER wiggle out of as he has done sooooooooo many time previously.
The boy can’t help himself. He loves being able to spend other people’s money and get away with it.
The last chance for the GOP is the Obamacare vote tied the the CR. If the leadersheep fails Cruz, Paul, et al., they are finished.
I don’t believe that congress has the balls or intellect to call his bluff/threat.
Read his lips, “More new taxes”.
Federal entitlements are driving this spending growth, having increased from less than half of total federal outlays just 20 years ago to nearly 62 percent in 2012. Three major programsMedicare, Medicaid, and Social Securitydominate in size and growth, soaking up about 44 percent of the budget. All three programs are growing faster than inflation, andwhen joined with $1.7 trillion in new Obamacare spendingwill drain about 18.5 percent of the nations total economic output by mid-century. Because that is about the historical annual average of total federal tax revenue, it means all other government programsnational defense, veterans health care, transportation, federal law enforcement, and otherswould effectively have to be financed on borrowed money.
Other entitlements continue growing as well. Anti-poverty programs have surged by 49 percent in just the past decade, even after adjusting for inflation. Spending for food stamps alone has more than tripled since 2002. Health programs, including Medicaid, have increased by 38 percent, and housing assistance by 48 percent.
Although these entitlement programs have dominated the governments spending growth, discretionary spendingspending authorized by annual appropriations billsalso has grown by 40 percent more than inflation, to $1.289 trillion. Spending on non-defense programs has grown 29 percent. These outlays peaked in 2010 due to the stimulus bill, but remain 7 percent higher than their pre-stimulus level of 2008.
Obama behaves like any other socialist that obtains power. Government only expands and is never curtailed. There is no fundamental appreciation how real wealth is created or the value those who generate the wealth.Long term effects of policies, programs and regulations are never considered. Economies stagnate, contract and living standards decline. It happens virtually every time anywhere the Left comes to power.
How about it Democrats? Oh, that's how you buy votes isn't it?
What if the government shut down and no one noticed?
I guess we will never find out.
But just imagine the heat the Dims would get from the gimme crowd. It would be fun.
What's the answer? Stand up to Obama, and stand togerher. They just had a chance to do so by voting down NSA spying on US citizens, and they couldn't even get that one right.....and that's with a lot of democratic votes.
If Obama cannot buy votes with our money he is done for and he knows it.
Methinks she doth protest too much?
Obama knows his economy is a total failure, and its agenda cannot be sustained financially.
Sorry, but that's exactly backweird. America-hating President You Didn't Build That's goal is to bring the American economy to its knees. I'm sure he's deeply pleased with the progress he and the rest of the "progressive" oligarchy have been making.
Is that Obama or GWB you’re referring to?
Eliminate all welfare programs including food stamps!!!
Let the poor die!
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