Well that didn’t take long. Obama presented his budget proposal today. It is an insult to the intelligence of the American people. Government spending, taxes, deficits and their impact on the economy are of concern to all tax paying Americans-but apparently not to the President. There was no pivot to the center-just pandering to the voters and a compliant media.
I am not going to go into detail on the numbers or post one link. Any reader can simply go to his favorite news page or turn on the TV. The specific numbers simply provide a laugh track.
The government is currently running ANNUAL deficits of 1.5 TRILLION DOLLARS. Obama is proposing overall spending increases on top of an already inflated base to set a new spending record. He is also proposing myriad tax increases, including a hike in rates in two years when he just admitted that would be harmful for the economy. He combines the tax hikes with puny spending cuts in targeted programs and voila! He claims he will reduce the deficit by 1 trillion over 10 years.
This is Orwellian double-speak. The deficits and debt are increasing. Period.
The GOP should denounce this for the stinking pile of crap that it is. Every serious Democrat should renounce this. The 2012 campaign starts now. Obama just gave the challengers are huge head start.