Posted on 02/02/2015 9:52:54 AM PST by Citizen Zed
President Barack Obama defended his fiscal year 2016 budget proposal on Monday, saying it would be a "critical error" if his spending plans are not passed.
"America can't afford being short-sighted, and I'm not going to allow it," Obama said, adding that he challenged Republicans to propose better ideas for strengthening the country on a balanced budget.
The White House submitted the proposed $3.99 trillion budget earlier Monday, predicting a $474 billion deficit if passed.
Despite this deficit, Obama said his budget is "fully paid for through a combination of smart spending cuts and tax reforms."
"We can afford to make these investments while remaining fiscally responsible," the president said. "In fact ... we would be making a critical error if we avoided making these investments, we can't afford not to."
He argued that smart spending now will keep government deficits lower in the future.
The president's opposition, however, did not see the White House's proposal working out.
"Like the president's previous budgets, this plan never balances—ever. It contains no solutions to address the drivers of our debt, and no plan to fix our entire tax code to help foster growth and create jobs," House Speaker John Boehner said in a statement. "Worse yet, President Obama would impose new taxes and more spending without a responsible plan to honestly address the big challenges facing our country."
Obama emphasized that this proposal is based on the principles of "middle-class economics" that he addressed in his State of the Union last month.
(Excerpt) Read more at mob.cnbc.com ...
AH YES...TINY has been with the company since the beginning...
Thanks!
Send Obama’s Budget to Venezuela they need Toilet Paper
middle-class economics? “muddled class economics”
There. Fixed.
Where are the “leaders” we elected to the H of R? They are a significant majority. They purportedly “control the purse”. Are they all nutless wonders? Are they compromised by this traitor and his cabal?
He went 4years w/o passing a budget when he controlled House or Senate or both.
At lunch, yes, yes, yes, yes.
“Middle Class” the new bullshit meme from the malignant narcissist and his handlers.
If you think it was a Kenyan she slept with.
I personally believe he is an American by birth, just not by the father he claims.
All she needs is a pair of knee pads and a bottle of Lavoris, just like the reporterette talking about Clinton.
A light-year, the distance light travels in a year, is roughly 5.8 trillion miles.
This means that the Federal government spends two dollars in the time it takes light to travel three miles; roughly $170000 in the time it takes reflected sunlight to travel from the moon to earth.
That's how big the Federal budget is; it must now be described in terms formerly used for intergalactic space.
More threats like in days of Obama Care.
He will unleash the islamic terrorists on us. Typical democrat MO in small communities to cut defense, police, etc
Liberals want a ready made pool of fanatics ready to kill for them.
We simply do not have the equivalent per say, and it is why they hate Chris Kyle.
And when the GOP did not call this bluff coming from a little ba$tard child of another ba$tard nation of ba$tard muslims.
Does Obama have nuclear weapons and terrorists at his disposal?
If not yet he is going towards it.
I’m not sure if the new GOPe Congress has the balls to veto anything Barack orders!
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