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Obama's Proposed Budget

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  • Obama's Proposed Budget

    The President's Budget for Fiscal Year 2013
    We now face a make-or-break moment for the middle class and those trying to reach it. After decades of eroding middle-class security as those at the very top saw their incomes rise as never before and after a historic recession that plunged our economy into a crisis from which we are still fighting to recover, it is time to construct an economy that is built to last.

    The President’s 2013 Budget is built around the idea that our country does best when everyone gets a fair shot, does their fair share, and plays by the same rules. We must transform our economy from one focused on speculating, spending, and borrowing to one constructed on the solid foundation of educating, innovating, and building. That begins with putting the Nation on a path to living within our means – by cutting wasteful spending, asking all Americans to shoulder their fair share, and making tough choices on some things we cannot afford, while keeping the investments we need to grow the economy and create jobs. The Budget targets scarce federal resources to the areas critical to growing the economy and restoring middle-class security: education and skills for American workers, innovation and research and development, clean energy, and infrastructure.

    The Budget is a blueprint for how we can rebuild an economy where hard work pays off and responsibility is rewarded.
    source

    .. tough to read this stuff while knowing they expect us to take it serious.

    $3.77 Trillion?

    Issachar
    The church is on Earth to save souls from a lost world, not to save the world from lost souls.

    Man learns about history, not from history. To learn from history requires wisdom. Cut off from God, he has none, so history repeats; no new thing under the sun.

    I saw ten thousand talkers whose tongues were all broken - dylan

    Psalms 122:8 For my brethren and companions' sakes, I will now say, Peace be within thee.

  • #2
    Re: Obama's Proposed Budget

    What a bunch of malarky. This reads like socialism to me, which I guess is the way our country is heading.

    Sure worked for the USSR, didn't it?

    wlnf

    Comment


    • #3
      Re: Obama's Proposed Budget

      Yeah that's Socialism at it's worse, they the big wigs, get to live good, while the rest of us live within our means. They got to be kidding me, I hope and pray that they are defeated.

      Comment


      • #4
        Re: Obama's Proposed Budget

        Hannity had an interesting show last night, where he had some news media present for discussion. It started with Dr. Ben Carson however, and that interview can be found here. If you have never heard Dr. Carson, I recommend you watch this video. There is even talk of him running for president in 2016. One black man in the panel said the black and hispanic communities are misinformed. He further stated that the liberal tactic in politics is to essentially dummy down the black and hispanic community, tell them lies and cloud all truth in obfuscation. That way, he claimed, they become like puppets, totally dependent on the government to provide for them and give them all the "truthful" information they need. And that way, they keep voting for the democratic ticket.

        Even though that is what it would probably take to win presidential elections, I hope the GOP doesn't sink that low.

        wlnf

        Comment


        • #5
          Re: Obama's Proposed Budget

          A couple of excerpts from the WSJ:
          WASHINGTON—President Barack Obama took a political gamble Wednesday by proposing to curb the growth of Social Security and Medicare, hopeful that the concessions would draw rank-and-file Senate Republicans into a budget deal that has so far proven elusive.

          The offer came in the White House's $3.778 trillion spending plan for the year that begins in October, which called for about $1 trillion in tax increases over 10 years and higher spending on programs such as education, transportation and mental-health services.
          No political discussion of budgets, debt reduction, deficit reduction, etc. can be taken seriously until they start to discuss cutting the myriad of programs that government has no business being in, that no one cares about .. are totally frivolous. And I do mean myriad ... there are literally tens of thousands of ridiculous spending issues.

          ... a handful of items the White House hopes could be the seeds of a broad deficit-reduction deal later this year.
          ... These include slowing the growth of spending on programs such as Social Security by $130 billion over 10 years by using a different inflation measure for calculating annual cost-of-living increases, and making $370 billion in changes to Medicare through cuts to providers and raising certain fees and premiums.

          At the same time, he said his offer to slow entitlement growth was conditioned on lawmakers agreeing to higher taxes, ...
          How about if the Whitehouse/Congress asks the average consumer how to measure "inflation?" Oh wait! That would require that "education" actually pass on knowledge of how and why an economy works. It would have to pass on knowledge of what inflation is ... but then, all the "news" reports on inflation would have to go into the dumper. If the general public were truly educated on such matters, the media would have to report true things.

          ".. a different inflation measure"? Get real. There is only one inflation measure: How many fiat dollars were created beyond (real) GDP? Price increases are only the result of inflation; not actual inflation as educators and media and government would have us believe. And most of them know that too, I suspect, in government at least.

          Many Democrats have long objected to cutting future benefits or spending on these programs, and adding them to the White House's budget infuriated liberals and labor unions.
          Infuriated? Silly. Hey liberals and labor unions .. get a clue. Notice that Mr. Obama said the SS and Medicare cuts (practically nothing over the 10 years proposed) were contingent on tax increases. He knows that generally speaking, Republicans are opposed to tax increases. This will pave the way for a future .. "See? It is the Republican's that are causing all this deficit increase. We were going to reduce the deficit, but the Republicans are opposing the steps to make that happen."

          Issachar, finds in increasingly silly how men continually jostle over things that shouldn't even be, in the first place.

          P.S. From the first quote above:
          ... about $1 trillion in tax increases over 10 years and higher spending on programs such as education, ...
          If spending more money on education actually improved education, the Untied States of America would be number ONE in the world in academics. Instead, every year the U.S. is ranked lower and lower in the top 30 industrialized nations in the little things .. like writing, reading, math and science. But hey .. at least we graduate knowing about all sorts of sexuality and have a pocket full of free condoms.
          Last edited by Issachar; 04-11-2013, 08:00 AM.
          The church is on Earth to save souls from a lost world, not to save the world from lost souls.

          Man learns about history, not from history. To learn from history requires wisdom. Cut off from God, he has none, so history repeats; no new thing under the sun.

          I saw ten thousand talkers whose tongues were all broken - dylan

          Psalms 122:8 For my brethren and companions' sakes, I will now say, Peace be within thee.

          Comment


          • #6
            Re: Obama's Proposed Budget

            President Obama's recently released fiscal 2014 budget proposal would continue near-record level deficits despite tax hikes, largely because it would increase spending by more than 20 percent over the next five years. The deficits would continue despite an increase in tax collection by 46 percent over the same period under Obama's plan.

            The budget proposal submitted to Congress (two months later than required by law) calls for a $744.2-billion deficit in fiscal 2014, the first under a trillion dollars since Obama took office. The president is able to claim to bring deficits down to the $500 billion per year deficit level after 2014 only because he assumes outlandishly high economic growth rates: about 3.5 percent real GDP growth average for the next four years, along with low 2.2-percent price inflation.

            Obama's expectation of 2.6-percent growth in fiscal 2013 is already behind schedule, as the first quarter of the fiscal year (September-December 2012) saw an anemic 0.4-percent annual growth rate. And while the U.S. economy has traditionally rebounded from a recession with four-percent growth for several years, nations with high national debt and a low national savings rates — which the U.S. economy has — historically grow at a much slower rate. The U.S. government currently carries double the proportionate debt load it had during the 1980s, and the economy maintains only two-thirds the national savings rate compared to the same time period.
            more

            Issachar
            The church is on Earth to save souls from a lost world, not to save the world from lost souls.

            Man learns about history, not from history. To learn from history requires wisdom. Cut off from God, he has none, so history repeats; no new thing under the sun.

            I saw ten thousand talkers whose tongues were all broken - dylan

            Psalms 122:8 For my brethren and companions' sakes, I will now say, Peace be within thee.

            Comment

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