Skip to comments.House Democrats unveil budget matching Obama’s tax increases
Posted on 03/23/2015 11:18:17 AM PDT by Olog-hai
House Democrats have unveiled a $3.7 trillion budget plan for next year. It mirrors President Barack Obamas call for $1.8 trillion in tax increases on wealthier people and corporations over the coming decade but would add almost $6 trillion to the national debt over that time. [ ]
The plan calls for a wave of new spending for infrastructure like roads and bridges and additional funding for education and medical research. It would make modest curbs on the rapid growth of the popular Medicare program.
(Excerpt) Read more at hosted.ap.org ...
The people are just an infinite ATM for these bastards.
Gotta love that AP propaganda. What, exactly, are those "deep" cuts in the social safety net? Give me a program and a number? If the government spent $1 trillion on transfer payments in 2014, are the Republicans proposing that we spend only $500 billion? These stories are such BS they aren't worth reading.
Sorry we’ve run out of money....you already got it all. Wait till they see much less tax revenue they collect this year. I bet there will panic in the halls by May...
Exactly backwards. They should cut real spending by $400B next year, then by another $300B the following year, $200B the year after that, and $100B in the 4th year, for a total annual cut of $1T by the end of four years.
After that comparatively easy cut, we should start looking for other things our bloated FedGov is doing that it shouldn't be doing, and we should cut more. Anything that 51% of Congress wants to get rid of should be gone, line item by line item. Anything Obama wants to get rid of should also be gone with a line item veto (a veto that our real president will be able to exercise starting in January, 2017). Once the FedGov behemoth is cut down to size, we should start cutting taxes.
Spending should not be, "how much can we borrow, okay, I'll spend this much on my cronies, and you spend the rest on your big donors." It should be, "what are we permitted to do under the Enumerated Powers that is actually beneficial to the country."
No. The Republicans want to spend $1.3 trillion instead of $2 trillion. That makes it a deep cut. Understand now?
Why do they need to raise taxes? They have no problem spending money they don’t have anyway. Just print it, borrow it, monetize debt etc. In fact, why tax anyone at all? Just print and spend. They do that anyway it just a question of degrees now.
I agree. However, taxation is more about control than money. That comes later in the form of lobbyist bribes to create loopholes.
Yes, I was mostly being sarcastic. I agree its about control.
And of course the spineless party will agree.
So then the Democrats want to add $4.5 trilion in new spending without paying for it. The party of Santa Claus knows their idiot voters will never realize this.
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