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Proposed GOP budgets make 'no sense’ to Obama
The Hill ^ | March 21, 2015 | Mark Hensch

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President Obama criticized potential GOP budgets from both Congressional chambers for relying on outdated economic ideas in a new interview released Saturday.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.


TOPICS: Business/Economy; Government; News/Current Events
KEYWORDS: budget; obama; taxes
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To: jazusamo

There aren’t words strong enough to describe how I loathe this lying, cheating, poser.....


21 posted on 03/21/2015 4:54:40 PM PDT by Iron Munro
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To: jazusamo

Obama tells people what’s in the budget and they won’t bother to read it themselves. They will believe everything he says......they always do. Where is our spokesman telling people Obama is lying????


22 posted on 03/21/2015 4:56:28 PM PDT by originalbuckeye (Moderation in temper is always a virtue; moderation in principle is always a vice. Paine)
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To: jazusamo

I don’t know how much more crazy I can take from His Heinous. The buffoon needs to be gone yesterday.


23 posted on 03/21/2015 4:57:02 PM PDT by Windflier (To anger a conservative, tell him a lie. To anger a liberal, tell him the truth.)
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To: jazusamo

They always claim that supply side economics failed. Yet I remember the mid to late 1980’s. It was a great time to be alive and in your mid 20’s. A growing economy, the opportunities were almost endless.

Now, we have a stagnant economy that is teetering on collapse, millions more freeloaders, a culture in complete decay.


24 posted on 03/21/2015 4:58:16 PM PDT by Ouderkirk (To the left, everything must evidence that this or that strand of leftist theory is true)
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To: jazusamo

Little bathhouse barry bastard boy will have someone read it to him when he gets through playing golf. Maybe then he will find someone to explain it to him. Hopefully he will sign it by accident while shuffling papers from his reptilian masteress, the Iranian Mooseslime bruderhoot broad.


25 posted on 03/21/2015 5:01:20 PM PDT by MHGinTN (Is it really all relative, Mister Einstein?)
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To: jazusamo
"To do evil is like sport to a fool, But a man of understanding has wisdom" - Proverbs 10:23

"The way of a fool is right in his own eyes, But he who heeds counsel is wise" - Proverbs 12:15

"Every prudent man acts with knowledge, But a fool lays open his folly" - Proverbs 13:16

There are plenty more, but you get the point.

26 posted on 03/21/2015 5:03:29 PM PDT by Gritty (Obama is fighting on the side of our enemies, therefore, committing treason - David Meir-Levy)
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To: Ouderkirk
They always claim that supply side economics failed. Yet I remember the mid to late 1980’s. It was a great time to be alive and in your mid 20’s.

Exactly, and especially after the road Jimmah Carter took us down.

27 posted on 03/21/2015 5:03:34 PM PDT by jazusamo (0bama to go 'full-Mussolini' after elections: Mark Levin....and the turkey has.)
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To: jazusamo

Only one answer should come from Congress (if only boner had a pair) “We won, you lost, get over it”.


28 posted on 03/21/2015 5:06:53 PM PDT by Mastador1 (I'll take a bad dog over a good politician any day!)
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To: Iron Munro
Don't loathe Obama, loathe the GOP.

You know the Republican Party is not going to articulate why cutting taxes and spending has worked, and why Obama's budgets got shot down even when the Rats held Congress.

No, what's going to happen is that concessions will be made, some stupid Gang of 8 or 12 is going to form, and Obama is going to pretty much get what he wants.

I don't know why House Republicans propose an honest budget that eliminates departments and funding for Obamacare, and when Obama vetoes it, explain to the American people why they're doing what they're doing.

But they're going to cave, and the gimmedats will get more money on their EBT cards.

29 posted on 03/21/2015 5:11:06 PM PDT by Extremely Extreme Extremist (GO BUCKY GO!)
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To: jazusamo

What makes “no sense” is that his sorry a$$ was elected......twice.


30 posted on 03/21/2015 5:14:11 PM PDT by windsorknot
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To: jazusamo

If he can’t grasp “we don’t have the money” he is too stupid to run the country.


31 posted on 03/21/2015 5:14:55 PM PDT by ctdonath2 (Si vis pacem, para bellum.)
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To: Leep
Give the guy a break----Obama is busy w/ decorators for his Magnum PI mansion which he (cough) bought on a federal salary (snort).

......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!......

Yessiree bob, no question. Them Obama billion dollar bailouts really, really shaped-up the US economy.

32 posted on 03/21/2015 5:16:42 PM PDT by Liz
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To: All
The ENTIRE CONCEPT of a budget is as foreign to 0bama as compassion is foreign to a scorpion.
33 posted on 03/21/2015 5:17:31 PM PDT by LegendHasIt
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To: bestintxas
Means the GOP is on the right mark

And also means that they're more likely to renig on it.

34 posted on 03/21/2015 5:17:37 PM PDT by DoodleDawg
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To: jazusamo
If a real conservative (e.g., Cruz) wins in 2016, I hope he has the good sense and the cajones to forbid Obama from appearing at the inaugural. Tell the ignorant, arrogant, Jew-hating, America-hating, Muzzie-Marxist, sociopathic, homosexual S.O.B. to be wheels up and leaving D.C. with his troop no later than 11:59am, January 20, 2017. And not aboard one of the USAF 747s or any other govt. aircraft.
35 posted on 03/21/2015 5:18:17 PM PDT by twister881
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To: jazusamo

Looks like Obama didn’t get his copy ,written in Crayon


36 posted on 03/21/2015 5:19:53 PM PDT by molson209 (Blank)
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To: jazusamo

Was there not enough funding for the muslim brotherhood for obama to understand?


37 posted on 03/21/2015 5:22:34 PM PDT by boycott
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To: jazusamo
"But we can just order more checks from the bank!"
38 posted on 03/21/2015 5:24:30 PM PDT by mrsmith (Dumb sluts: Lifeblood of the Media, Backbone of the Democrat/RINO Party!)
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To: jazusamo

The republicrat budget makes no sense to me!! Why are they not slashing spending?? They are Increasing spending over last year pig trough budget. These guys suck!!


39 posted on 03/21/2015 5:29:17 PM PDT by iowacornman (republicrats suck)
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To: jazusamo

Math is hard.


40 posted on 03/21/2015 5:35:09 PM PDT by Caipirabob (Communists... Socialists... Democrats...Traitors... Who can tell the difference?)
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