Bobby Eberle, GOPUSA: Welcome to hope and change. A new era. A "transformed" America. In Obama's America, not only does the spending increase at record levels, but the taxes are coming... like a snowball rolling downhill. With his new budget proposal, Obama picks up where he left off after his first year, and the losers are the American people.As reported in the AP story on GOPUSA, "President Barack Obama urged Congress on Monday to quickly approve a huge new shot of spending for recession relief and job creation, part of a record $3.8 trillion budget that would boost the deficit beyond any in the nation's history while only slowly beginning to put Americans back to work."
The budget paints a remarkably dire picture of a federal government that will have to borrow one-third of what it spends next year as it runs a deficit that still would total some $1.3 trillion.I've never seen a person get economics more backward than Obama. He should be impeached immediately for cause on the grounds that he's incompetent. One-third of next year's spending will be with borrowed money? Raise your hand if you think that's insane. Of course, there's a few big differences between the spending that cost Republicans control of Washington and what Obama and the congressional Democrats are doing. First, this spending is unprecedented. It's simply crazy. Second, with the spending comes taxes... lots and lots of taxes. . . . [Full Story]
Obama's deficit salve mixed nearly $1 trillion in tax increases on higher-income people with $250 billion in savings over a decade from a partial freeze on domestic programs. But popular benefit programs like Medicare would remain untouched.
Tags: America, Barack Obama, Bobby Eberle, change, GOPUSA, Hope, more taxes To share or post to your site, click on "Post Link". Please mention / link to the ARRA News Service. Thanks!
0 comments:
Post a Comment