Posted on 03/21/2015 4:30:40 PM PDT by jazusamo
President Obama criticized potential GOP budgets from both Congressional chambers for relying on outdated economic ideas in a new interview released Saturday.
Obama said neither House nor Senate Republicans impressed him with budgetary strategies they released earlier this week. The President faulted both versions for ignoring middle-class families.
“So it is the classic trickle-down, top-down approach to economics that we know has failed,” Obama said of the two budget proposals in a Friday interview with The Huffington Post .
“And the fact that we are putting this forward once again — with tax cuts for the wealthiest, so that the average millionaire and billionaire would get a $50,000 tax cut, while middle class families would end up losing tax credits that help them send their kids to college or help them save for retirement — makes no sense,” he added.
The President also took issue with GOP claims that their plans balanced the budget. Obama said this goal was at odds with recent House legislation that, if passed, would eliminate the estate tax. Were that to happen, he argued, the national budget would lose $30 billion annually.
“This was their No. 1 priority,” Obama said of Republicans balancing the budget. “So if you’re really concerned about deficits, you cannot take seriously a budget that would give $30 billion a year worth of tax cuts to not just the top 1 percent but the top 0.1 percent,” Obama charged.
A major pitfall of GOP plans, Obama argued, is its allowance of a spending sequester. The president said that measure, if added, would slash funding for education and healthcare.
“I will not, and I’ve been very clear,” he said when asked if he would sign a budget containing sequestration measures.
Obama said his own budget proposal offered a “contrasting vision.” Pitched last month, he promised it would focus on “middle-class economics” by investing more in job creation and early education programs instead.
The various budgets were not without common ground, Obama added. He cited infrastructure and simplifying the tax code as two areas where his administration might work with Republican Congress members.
“I don’t expect to get 100 percent of what I want, but what we can’t do is go back to the kind of top-down economics that doesn’t work,” he concluded.
Means the GOP is on the right mark
The only budget that makes sense to a person like that is one that spends every single penny of the GNP.
Of course a budget makes no sense to Øbama. Neither does a borrowing limit, neither does any spending limit.
Talk sense to a fool and be called foolish.
Dear MacDaddy Muzzie Bammy, why dont you lead and send all of your dough into the Treasury to help out?
That’s because Socialist Doctrine actually has a mental virus in it that damages your brain.
Exactly...And then some.
Obama’s “economic models” have failed every time they’ve been tried.
But, since he’s trying to destroy America, he’s right on track.
Hey Barack!
Wanna try another economic debate with Paul Ryan?
Obama doesn’t like the word “budget” Obviously, its a racist word and should not be spoken by white people.
Now let’s get back to spending our way to prosperity!
‘…sense… Obama” is an especially egregious oxymoron
Of course it makes no sense...he didn’t read about it in the newspaper like the rest of us did.
Clown Prince nobama is so ignorant. Anyway...he’s focused on the final four. Let the degenerate eat his da** waffles!
so he gave the interview to the Huffington Post? Are those the same people to take baths with cereal and milk? Or is that the guy with two ferns?
I man at the bottom of a 17 trillion dollar debt hole thinks all he needs is a bigger shovel
Bammy and Huffpo deserve each other, they’re both clueless.
Obama doesn’t know his a55 from a hole in the ground..
“Making sense to a turkey with no sense at all like 0bama is impossible.”
Double LOL! LOL!
“these Republican Folks dont want to allow my continued Transformation Of America”
Nothing makes sense to an Idiot. Idiots don’t have any sense...
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