Obama's Budget Plan: Tax And Spend With A Vengeance

Fiscal Policy: When the president released his budget in February, he said it was full of new ideas for the 21st century. But now we know it's just good old tax-and-spend liberalism.

“Obama only does what he knows he can do.”

With the support of John Boehner, Mitch McConnell, and most
of the GOP, whats to stop him. The one thing he can depend on
is not much opposition from the spineless gallery of fools
in congress.

Even this article which is critical of the Obama budget points out how screwed up our thinking is. How can this budget reduce the deficit 1.2 trillion when each year shows ever increasing deficits. They must mean it reduces the deficit by 1.2 trillion over the “baseline” which is the scenario in which politicians do absolutely nothing. So yes,there probably is a scenario that is 1.2 trillion worse.

7. It must not be forgotten that the members of the legislative body are to have a deep stake in the game. This is an essential point, and happily is attended with no difficulty. A sufficient number, properly disposed, can alternately legislate and speculate, and speculate and legislate, and buy and sell, and sell and buy, until a due portion of the property of their constituents has passed into their hands to give them an interest against their constituents, and to ensure the part they are to act.

8. The ways in which a great debt, so constituted and applied, will contribute to the ultimate end in view are both numerous and obvious. A great debt will require great taxes; great taxes, many taxgatherers and other officers; and all officers are auxiliaries of power.

11. As soon as sufficient progress in the intended change shall have been made, and the public mind duly prepared according to the rules already laid down, it will be proper to venture on another and a bolder step toward a removal of the constitutional landmarks.

/Freneau “Rules”

Sounds like a plan.

Not a very good one, but in the minds of some, “doing something” no matter how ill-advised or impractical, is supposed to be bettr than “doing nothing”.

Actually, the Current Occupant has only very limited options as to what he may or even can do, in regards to either taxes or spending. He really does not have very much in the way of “discretionary” action, save to suggest, or veto any plan that Congress may submit.

Suggestions, at this point, are pretty much DOA when they arrive in Congress, and vetos lead to “continuing resolutions”, a very clumsy and impractical way to maintain a budget.

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