WTF, Obama wants to spend a record 3.8 trillion next year

[atlmom2]

WASHINGTON - Taking a pass on reining in government growth, President Obama unveiled a record $3.8 trillion election-year budget plan Monday, calling for stimulus-style spending on roads and schools and tax hikes on the wealthy to help pay the costs. The ideas landed with a thud on Capitol Hill.

Though the Pentagon and a number of Cabinet agencies would get squeezed, Obama would leave the spiraling growth of health care programs for the elderly and the poor largely unchecked. The plan claims $4 trillion in deficit savings over the coming decade, but most of it would be through tax increases Republicans oppose, lower war costs already in motion and budget cuts enacted last year in a debt pact with GOP lawmakers.

 

Many of the ideas in the White House plan for the 2013 budget year will be thrashed out during this year's election campaigns as the Republicans try to oust Obama from the White House and add Senate control to their command of the House.

"We can't just cut our way into growth," Obama said at a campaign-style rally at a community college in the vote-rich Northern Virginia suburbs. "We can cut back on the things that we don't need, but we also have to make sure that everyone is paying their fair share for the things that we do need."

Republicans were unimpressed.

"It seems like the president has decided again to campaign instead of govern and that he's just going to duck this country's fiscal problems," said House Budget Committee Chairman Paul Ryan, R-Wis.

By the administration's reckoning, the deficit would drop to $901 billion next year - still requiring the government to borrow 24 cents of every dollar it spends - and would settle in the $600 billion-plus range by 2015.The deficit for the current budget year, which ends Sept. 30, would hit $1.3 trillion, a near record and the fourth straight year of trillion-plus red ink.

Obama's budget blueprint reprises a long roster of prior proposals: raising taxes on couples making more than $250,000 a year; eliminating numerous tax breaks for oil and gas companies and approving a series of smaller tax and fee proposals. Similar proposals failed even when the Democrats controlled Congress.

The Pentagon would cut purchases of Navy ships and F-35 Joint Strike Fighters - and trim 100,000 troops from its rolls over coming years - while NASA would scrap two missions to Mars.

But there are spending increases, too: The Obama plan seeks $476 billion for transportation projects including roads, bridges and a much-criticized high-speed rail initiative. Grants for better performing schools would get a big increase under Obama's "Race to the Top" initiative, and there would be an $8 billion fund to train community college students for high-growth industries.

Republicans accused the president of yet again failing to do anything meaningful to reduce deficits that could threaten the country with a European-style debt crisis unless they are wrestled under control.

As a political document, the Obama plan blends a handful of jobs-boosting initiatives with poll-tested tax hikes on the rich, including higher taxes on dividends and income earned by hedge fund managers. That would allow Obama to draw a contrast with GOP front-runner Mitt Romney, whose personal fortune and relatively low tax rate would be an issue in the general election campaign.

[Ann7227]

That's a Democrat for you. Spend spend spend.

[Elyce225]

Yikes!  What is even worse is that people will vote this nimrod into office again.  Haven't we learned our lesson yet?

[zeesmuse]

And just HOW much wealth does he think the wealthy have? I've seen several studies showing if you took ALL the money from every millionaire and billionaire, all the profit from every Fortune 500 Company and taxed 100% of every penny an individual makes over 250K... you would fund the government NOW until late August.

And yes, people will vote for that nimrod because

a) They don't want to be accused of being racist.

or

b) They are afraid they might have to pay for their own abortions and birth control.

[coffeeyum]

I'd be happy with the .8 !!   

                                                          $ $ MONEY MAKES THINGS SEEM LESS COMPLICATED:
                Until you have none. . . .

                                                      

[atlmom2]

Exactly, you are right.  He NEEDS to stop spending!!!!  He doesn't care. 

Quoting zeesmuse:

And just HOW much wealth does he think the wealthy have? I've seen several studies showing if you took ALL the money from every millionaire and billionaire, all the profit from every Fortune 500 Company and taxed 100% of every penny an individual makes over 250K... you would fund the government NOW until late August.

And yes, people will vote for that nimrod because

a) They don't want to be accused of being racist.

or

b) They are afraid they might have to pay for their own abortions and birth control.

[zeesmuse]

He is determined to force us to live within the means HE - and other Socialists (don't kid yourself... he IS a Socialist!) think WE need to live in. Note - not the means the ruling class they will set up will live in... the means he thinks we need to live in. They set the standard for us and yeah - the standard will be lowered. Just like the quality of healthcare will be lowered.

My question is, who don't you want to control the wealth... Industry and business... you know the 1% that CREATES JOB AND HIGHER WAGES to people or a Ruling Class, who dictates who gets what you earned?

Quoting atlmom2:

Exactly, you are right.  He NEEDS to stop spending!!!!  He doesn't care. 

Quoting zeesmuse:

And just HOW much wealth does he think the wealthy have? I've seen several studies showing if you took ALL the money from every millionaire and billionaire, all the profit from every Fortune 500 Company and taxed 100% of every penny an individual makes over 250K... you would fund the government NOW until late August.

And yes, people will vote for that nimrod because

a) They don't want to be accused of being racist.

or

b) They are afraid they might have to pay for their own abortions and birth control.

[Ellijaymom]

and we will STILL hear...it is Bush's fault...when will it be ON Obama?

[atlmom2]

LOL, Bush didn't add as much debt in 8 years that Obama did in 3!!! 

Quoting Ellijaymom:

and we will STILL hear...it is Bush's fault...when will it be ON Obama?

[GertieK]

He is right on target with his plan... to sink our country.  Too many drank the koolaid.  i pray that they don't go back for another glass.  Hs attacks on religious freedom and freedom of speech ought to shock the snot out of folks and jolt them back to reality.

[zeesmuse]

You know, when there is a fight on the playground and you go out there and the one who points and says - HE STARTED IT - is usually the one to blame.  One wonders if he'll ever grow up...

But then again, there is next year's budget he's proposing... and it's pretty obvious... nope. No clue, doens't care. And the defense budget cuts? To quote that GREAT Democratic governnor - Zell Miller.... What the heck are we supposed to defend ourselves with? SPITBALLS????

Quoting Ellijaymom:

and we will STILL hear...it is Bush's fault...when will it be ON Obama?