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House Democrats unveil budget matching Obama’s tax increases
Associated Press ^ | Mar 23, 2015 1:20 PM EDT | Andrew Taylor

Posted on 03/23/2015 11:18:17 AM PDT by Olog-hai

House Democrats have unveiled a $3.7 trillion budget plan for next year. It mirrors President Barack Obama’s call for $1.8 trillion in tax increases on wealthier people and corporations over the coming decade but would add almost $6 trillion to the national debt over that time. […]

The plan calls for a wave of new spending for infrastructure like roads and bridges and additional funding for education and medical research. It would make modest curbs on the rapid growth of the popular Medicare program. …

(Excerpt) Read more at hosted.ap.org ...


TOPICS: Business/Economy; Government; News/Current Events
KEYWORDS: fiscalabyss; housedems; liberalagenda; nationaldebt; obama; taxincreases; taxtherich; unpatriotic

1 posted on 03/23/2015 11:18:17 AM PDT by Olog-hai
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To: Olog-hai

The people are just an infinite ATM for these bastards.


2 posted on 03/23/2015 11:20:04 AM PDT by beethovenfan (If Islam is the solution, the "problem" must be freedom.)
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To: Olog-hai
rejects deep cuts proposed by Republicans to social safety net

Gotta love that AP propaganda. What, exactly, are those "deep" cuts in the social safety net? Give me a program and a number? If the government spent $1 trillion on transfer payments in 2014, are the Republicans proposing that we spend only $500 billion? These stories are such BS they aren't worth reading.

3 posted on 03/23/2015 11:21:14 AM PDT by Opinionated Blowhard ("When the people find they can vote themselves money, that will herald the end of the republic.")
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To: beethovenfan

Sorry we’ve run out of money....you already got it all. Wait till they see much less tax revenue they collect this year. I bet there will panic in the halls by May...


4 posted on 03/23/2015 11:23:49 AM PDT by jsanders2001
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To: Olog-hai
House Democrats have unveiled a $3.7 trillion budget . . . $1.8 trillion in tax increases on wealthier people and corporations over the coming decade but would add almost $6 trillion to the national debt over that time.

Exactly backwards. They should cut real spending by $400B next year, then by another $300B the following year, $200B the year after that, and $100B in the 4th year, for a total annual cut of $1T by the end of four years.

After that comparatively easy cut, we should start looking for other things our bloated FedGov is doing that it shouldn't be doing, and we should cut more. Anything that 51% of Congress wants to get rid of should be gone, line item by line item. Anything Obama wants to get rid of should also be gone with a line item veto (a veto that our real president will be able to exercise starting in January, 2017). Once the FedGov behemoth is cut down to size, we should start cutting taxes.

Spending should not be, "how much can we borrow, okay, I'll spend this much on my cronies, and you spend the rest on your big donors." It should be, "what are we permitted to do under the Enumerated Powers that is actually beneficial to the country."

5 posted on 03/23/2015 11:29:37 AM PDT by Pollster1 ("Shall not be infringed" is unambiguous.)
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To: Olog-hai
DOA.
Now go over in that corner right there, sit down and shut up.
If we need your opinion we'll give it to you.
6 posted on 03/23/2015 11:31:05 AM PDT by grobdriver (Where is Wilson Blair when you need him?)
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To: Opinionated Blowhard

No. The Republicans want to spend $1.3 trillion instead of $2 trillion. That makes it a deep cut. Understand now?


7 posted on 03/23/2015 11:33:24 AM PDT by sheana
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To: Olog-hai

Why do they need to raise taxes? They have no problem spending money they don’t have anyway. Just print it, borrow it, monetize debt etc. In fact, why tax anyone at all? Just print and spend. They do that anyway it just a question of degrees now.


8 posted on 03/23/2015 11:37:45 AM PDT by monkeyshine
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To: monkeyshine

I agree. However, taxation is more about control than money. That comes later in the form of lobbyist bribes to create loopholes.


9 posted on 03/23/2015 11:41:20 AM PDT by headstamp 2
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To: headstamp 2

Yes, I was mostly being sarcastic. I agree its about control.


10 posted on 03/23/2015 11:58:07 AM PDT by monkeyshine
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To: Olog-hai

And of course the spineless party will agree.


11 posted on 03/23/2015 12:12:09 PM PDT by nomad
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To: Olog-hai

So then the Democrats want to add $4.5 trilion in new spending without paying for it. The party of Santa Claus knows their idiot voters will never realize this.


12 posted on 03/23/2015 5:13:43 PM PDT by VeniVidiVici ( Better a conservative teabagger than a liberal teabagee)
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