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President Obama criticized potential GOP budgets from both Congressional chambers for relying on outdated economic ideas in a new interview released Saturday.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.
There aren’t words strong enough to describe how I loathe this lying, cheating, poser.....
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????
I don’t know how much more crazy I can take from His Heinous. The buffoon needs to be gone yesterday.
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.
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.
"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.
Exactly, and especially after the road Jimmah Carter took us down.
Only one answer should come from Congress (if only boner had a pair) “We won, you lost, get over it”.
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.
What makes “no sense” is that his sorry a$$ was elected......twice.
If he can’t grasp “we don’t have the money” he is too stupid to run the country.
......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.
And also means that they're more likely to renig on it.
Looks like Obama didn’t get his copy ,written in Crayon
Was there not enough funding for the muslim brotherhood for obama to understand?
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!!
Math is hard.
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