Posted on 02/14/2011 10:06:24 AM PST by NormsRevenge
WASHINGTON – President Barack Obama sent Congress a $3.73 trillion budget Monday that holds out the prospect of eventually bringing deficits under control through spending cuts and tax increases. But the fiscal blueprint largely ignores his own deficit commission's view that the nation is imperiled unless huge entitlement programs like Social Security and Medicare are slashed.
Obama called his new budget one of "tough choices and sacrifices," but most of those cuts would be held off until after the end of his first term.
Overall, Obama proposed trimming the deficits by $1.1 trillion over a decade. The administration is projecting that the deficit will hit an all-time high of $1.65 trillion this year and then drop sharply to $1.1 trillion in 2012, with an expected improvement in the economy and as reductions in Social Security withholding and business taxes expire.
(Excerpt) Read more at news.yahoo.com ...
and now, it's time for another episode of
As the Loopholes Close and higher taxes kick in
Color me unconvinced.
The old delayed fuse ruse .. his cuts don’t kick in until after his first term, and hopefully only term, ends,, by that time.. all bets may be off.
TEA anyone?
What a waste of our country’s money
Fubo
Actually he is not legally bo.
Obama’s so called budget cuts is a faux budget to be sure
Is there any option except monetizing the debt? If so lets hear it. I think not.
Heck send us all a FRee set, WE are paying for this monstrosity of a coffee table books selection from Oprah. ;-]
Copies of the Fiscal Year 2012 Budget and its Appendix are seen at the Government Printing Office February 10 in Washington, DC. President Barack Obama's Republican foes in the US Congress slammed his 2012 budget as failing to slash spending deeply enough as they pressed for approving a far-reaching package of painful cuts. (AFP/File/Mandel Ngan)
Republicans could take another trillion out by removing the growth of federal government that has happened under Barry.
Copies of U.S. President Barack Obama's 2012 budget are shown on Capitol Hill in Washington, February 14, 2011. President Barack Obama proposed a budget on Monday that would cut the U.S. deficit by $1.1 trillion over 10 years, setting the stage for a bitter fight with Republicans who vow even tougher spending controls. REUTERS/Jason Reed
...but he announced this morning that he was saving $400 billion over 10 years.
The House Republicans control the nations purse strings and based on past performance we can expect the GOP, after much hand-wringing and moaning in front of the TV cameras, will sign off on this crime against the taxpayers and the nation's economic future.
You’re right. His real initials are even more apropos: BS.
No military raise, no military retirement raise, no civil servant raises, no Social Security raises. What on Earth does he need all this money for.
Have they no shame? These people should all be arrested for producing this kind of criminally irresponsible budget.
Rush is covering it now asking is there ANYTHING since Obama took office economically that is better (except Wall Street (stocks, etc.))? No. But we’re doubling down on all our spending.
Boehner, McConnell, Ryan, Cantor, better not let up and better be front and center with complaints.
Impeach this SOB before he ruins us for good.
“Obama sends Congress $3.73 trillion budget”
SEND IT BACK and tell boy wonder that he needs to sharpen his pencil. Tell him cuts that occur after his first term is an insult. Tell him that if he refuses to do the right thing, he should step aside and let the adults take over.
...by switching to GEICO.
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