Posted on 03/06/2010 10:03:34 AM PST by Starman417
AP's Andrew Taylor hits the media cyberwaves with the news that today's CBO analysis of Obama's 2011 budget plans would generate deficits totalling $9.8 trillion over the next decade.... $1.2 trillion more than predicted. But just as Harry Reid sluffed off a job loss of 36K last month as "a big day in America" Taylor also attempts to soften the blow.
The agency says its future-year predictions of tax revenues are more pessimistic than the administration's. That's because CBO projects slightly slower economic growth than the White House.The deficit picture has turned alarmingly worse since the recession that started at the end of 2007, never dipping below 4 percent of the size of the economy over the next decade. Economists say that deficits of that size are unsustainable and could put upward pressure on interest rates, crowd out private investment in the economy and ultimately erode the nation's standard of living.
Ignoring the numbers, and keeping in the spirit of the "hope and change" mantra, Taylor razzle dazzles the reader by saying the budget avoided decisions on Medicare and Medicaid cuts that can't keep up with the rising costs of providing medical services to the elderly and the poor. Of course, none of this is cured in O'healthcare, BTW...
Additionally Taylor expresses his skepticism that the GOP members of the "deficit commission" Obama created by Executive Order when a supermajority Congress rejected the same entity, would agree to going along with proposed tax increases.
Taylor is also quick to note the cost of extending the cost of the Bush tax cuts... $ 3 trillion over the decade... which Obama wishes to extend to what he defines as "the middle class".
What seems to be missing in Taylor's AP report is the increased spending by Congress and this administration.... What is it with the media and their bashing of tax cuts? Why do they insist it's such a fiscal sin to allow Americans to keep their cash, while silently giving a nod of approval to out of control spending?
It's a simple solution... keep the tax cuts, and cut Congress' allowance, fer pity's sake!
But back to the CBO, and the source of Taylor's somewhat bizarre interpretation. CBO's Elmendorf's letter to Appropriations Committee Chair, Sen. Daniel Inouye has some truly harsh phrasing:
Read more at floppingaces.net...
Destroying the economy IS THE GOAL...
How else can Obama and his controllers remake America in to a Dream State of Karl Marx.
Toss in the “Amnesty Americans” and the deficit goes clear out of sight! Our kids, grandkids and their grandkids are going to hate us. I’ve got a feeling that the sod on our graves is going to be perpetually soggy.
Yes they hate America, but for a reason--it stands in the way of their nightmarish dreams of global totalitarian dictatorship.
Take down America and the rest of the world will fall, -- the hive will replace civilization as the next Dark Age descends on humanity.
That is what is at stake for the Obamanoids--and for the free world. That is why they must be destroyed.
No way Starman417,
Obammy is gonna pay my lectric heating bill and buy me a chevy.
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