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02-13-2012, 10:36 AM
It will be interesting to see how many Democrats will vote against Obama's budget in this election year to try to put some distance between themselves and The One. It will also be interesting to see if Harry Reid will bring Obama's vote to the Senate floor for a vote or if McConnell will have to do it again. Recall that Obama's last budget was unanimously defeated in the US Senate.
This is nothing but another Obama reelection campaign document but don't expect the 29 percent of Americans who cannot name their own Vice President to be able to distinguish it from a real budget.
This is nothing but another Obama reelection campaign document but don't expect the 29 percent of Americans who cannot name their own Vice President to be able to distinguish it from a real budget.
Quote:[INDENT]Obama to unveil budget with higher taxes, more deficits
President Obama will release an election-year federal budget Monday that is loaded with deficit spending and tax increases on the wealthy but avoids tough choices on the soaring costs of entitlements, independent analysts and Republican lawmakers say.
The presidentâs budget request to Congress forecasts a deficit of $1.33 trillion in the current fiscal year â even higher than expected â and calls for at least $1.5 trillion in tax hikes over the next decade. By including $350 billion in short-term stimulus spending, Mr. Obama is submitting a plan that is ready-made for his re-election campaign but has no chance of passing a divided Congress.
âHonestly, my expectations couldnât be lower,â said Douglas Holtz-Eakin, former director of the nonpartisan Congressional Budget Office. âHe has put out budgets that lead to a death spiral. His budgets have never added up, and he has a propensity to use it as a very powerful campaign tool.â more[/INDENT]
Messages In This Thread
Obama to unveil budget with higher taxes, more deficits - by Hoot Gibson - 02-13-2012, 10:36 AM
Obama to unveil budget with higher taxes, more deficits - by LWC - 02-13-2012, 10:43 AM
Obama to unveil budget with higher taxes, more deficits - by Hoot Gibson - 02-13-2012, 10:58 AM
Obama to unveil budget with higher taxes, more deficits - by Hoot Gibson - 02-13-2012, 01:42 PM
Obama to unveil budget with higher taxes, more deficits - by Wildcatk23 - 02-13-2012, 02:53 PM
Obama to unveil budget with higher taxes, more deficits - by Hoot Gibson - 02-13-2012, 04:20 PM
Obama to unveil budget with higher taxes, more deficits - by Hoot Gibson - 02-13-2012, 04:42 PM
Obama to unveil budget with higher taxes, more deficits - by Old School - 02-13-2012, 07:03 PM
Obama to unveil budget with higher taxes, more deficits - by Old School - 02-13-2012, 09:32 PM
Obama to unveil budget with higher taxes, more deficits - by TheRealThing - 02-13-2012, 09:34 PM
Obama to unveil budget with higher taxes, more deficits - by Hoot Gibson - 02-13-2012, 09:38 PM
Obama to unveil budget with higher taxes, more deficits - by Hoot Gibson - 02-13-2012, 10:02 PM
Obama to unveil budget with higher taxes, more deficits - by TheRealThing - 02-13-2012, 11:37 PM
Obama to unveil budget with higher taxes, more deficits - by RunItUpTheGut - 02-14-2012, 03:13 AM
Obama to unveil budget with higher taxes, more deficits - by vundy33 - 02-14-2012, 03:37 AM
Obama to unveil budget with higher taxes, more deficits - by Hoot Gibson - 02-14-2012, 07:55 AM
Obama to unveil budget with higher taxes, more deficits - by TheRealThing - 02-14-2012, 02:15 PM
Obama to unveil budget with higher taxes, more deficits - by vundy33 - 02-14-2012, 05:13 PM
Obama to unveil budget with higher taxes, more deficits - by vundy33 - 02-14-2012, 05:17 PM
Obama to unveil budget with higher taxes, more deficits - by TheRealThing - 07-22-2019, 09:33 PM
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