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  • Buying Big Government: What the Obama Budget Is Costing You ... This Time

    Hitting the Federal ATM, Again

    • Apparently, It Does Grow on Trees: After an $800 billion stimulus bill, the President’s budget increases spending by $1 trillion over 10 years, includes an additional $250 billion placeholder for another bailout, and calls for a pay-as-you-go (PAYGO) law while astonishingly violating that rule by $3.4 trillion.
    • More Deficits and More Debt: The President’s budget leaves permanent deficits averaging $600 billion even after the economy recovers and doubles the publicly held national debt to over $15 trillion ($12.5 trillion after inflation).
    • To Pay for Historic Government Expansion: The 25% spending increase in the President’s budget represents the largest non-war government expansion since the New Deal. Domestic discretionary spending (including the stimulus funds) has been hiked by nearly 80% over 2008 levels.
    • When Is It Enough? After multiple bailouts, an $800 billion stimulus bill, an omnibus spending bill, major Medicare expansion, SCHIP expansion, and now a historic tax and spend budget, all in less than eight weeks, when is it enough?

    Doubling Down, Again

    • Bush v. Obama: Bush expanded the federal budget by a historic $700 billion. Obama would add another $1 trillion. Bush increased federal education spending 58% faster than inflation. Obama would double it.
    • Bush v. Obama, Round 2: Bush became the first President to spend 3% of GDP on federal antipoverty programs. Obama has already increased it to 20%.
    • Bush v. Obama, Round 3: Bush reduced taxes by nearly $2 trillion. Even after Obama’s tax cuts, he still will raise them by a total of $1.4 trillion.
    • Bush v. Obama, Round 4: In 2007, before the recession, Washington spent $24,172 per household. Obama would increase that to $32,463 per household.
    • Bush v. Obama Scorecard: While President Obama has framed his budget as a break from “failed policies” of the Bush Administration, it is in fact a doubling down on borrowing, spending, and bailing out.

    More Taxes, Again

    • Spreading the Wealth: The President’s budget raises taxes by $1 trillion over the next decade on those earning over $250,000. This means raising taxes for 3.2 million taxpayers by an average of $300,000 during that time.
    • Yes, Even the “95%” Are Taxed: Through his proposed cap-and-trade system, the President would be raising taxes on all Americans while crippling the manufacturing sector and destroying jobs. Warren Buffet called it a “regressive tax,” correctly identifying that it will be borne by all American energy consumers.

    That ‘70s Show

    • Back to the Future: President Obama’s budget returns us to the economic policies starting in 1952 and culminating with Jimmy Carter’s high taxes, high spending, and Keynesian economics—which resulted in high recession rates, high inflation, high interest rates, and a stagnant stock market.
    • More Carter Than Carter? Lawmakers should reject this budget and hold the President to his pledge of fiscal responsibility.
    Posted in Ongoing Priorities [slideshow_deploy]

    8 Responses to Buying Big Government: What the Obama Budget Is Costing You ... This Time

    1. Sherry says:

      There could be no better investment in America than to invest in America becoming energy independent! We need to utilize everything in out power to reduce our dependence on foreign oil including using our own natural resources. Create cheap clean energy, new badly needed green jobs and reduce our dependence on foreign oil.The high cost of fuel this past year seriously damaged our economy and society. The cost of fuel effects every facet of consumer goods from production to shipping costs. It costs the equivalent of 60 cents per gallon to charge and drive an electric car. If all gasoline cars, trucks, and SUV's instead had plug-in electric drive trains the amount of electricity needed to replace gasoline is about equal to the estimated wind energy potential of the state of North Dakota.We have so much available to us such as wind and solar. Let's spend some of those bail out billions and get busy harnessing this energy. Create cheap clean energy, badly needed new jobs and reduce our dependence on foreign oil. What a win-win situation that would be for our nation at large! There is a really good new book out by Jeff Wilson called The Manhattan Project of 2009 Energy Independence Now. http://www.themanhattanprojectof2009

    2. Richard, Spring, TX says:

      What the general population does not understand is that the taxing policies of the Obama administration, although a concern, is not what they should be concerned about. They should be looking at the "Cap and Trade" and Universal Health Care policies Obama is proposing. They may not be called "taxes" but they will take more money out of the average citizen's pocket then all of the tax increases over the last 20 years. Warren Buffet calls it a "regressive tax" that will be borne by the American citizen.

    3. Pingback: Online Christian News Source Opinions and Commentary » Blog Archive » AIG Bonus Fiasco Diverts Attention from Massive Government Spending

    4. Lynn B. DeSpain says:

      We've been 'Snowed' before and are being 'Snowed again! Understand three things America.

      (1) The Government will lie to you, to get what 'it' wants. What 'it' feels is best for all of us, without even asking us, even though we elect them to represent our wishes and our needs!

      (2) There is no 'Global Warming' and no 'Green House Effect" currently going on! Thousands upon thousands of 'Real Scientist' who need not depend on the Government for funding, acknowlege this. What we are going through is a cyclic pattern that we have gone through contless times and that we really have no control over! If we indeed had a 'Green House Effect' happening the weather would surely be nicer, and warmer, but it is not because we are entering another 'Mini Ice Age'.

      (3) I'm really looking forward to Mr. Obama's "Carbon Tax on Fossil Fuels!" There is no such thing as far as Fuel Oil/Petroleum is concerned.

      In 1869 a Russian scientist, Dmitri Mendeleev created what we know as the 'Periodic Table." Four months later a German Scientist, Julius Lothat Meyor, independently developed the first peeriodic table arranging elements by mass.

      Dmitri went further and predicted the existance and properties of new elements in the empty cells of his table. He was later vindicated by the discovery of electronic structure of elements in the late Nineteenth and early twentieth Centuries.

      Coal can be found with fossils right in it, ferns, shells and such. However, Fuel Oil/Petroleum does not, with the exception of Tar pits and such.

      The person that first called Fuel Oil/Petroleum a "Fossil Fuel" was basing his assumption on Coal. He based the same assumption on Natural Gas.

      Dmitri however knew and could prove, Scientifically,( The Same Today) that Petroleum and its various products were the result of hydrocarbon liquids mixed (blended and cooked/pressured) and not a result of Fossils at all! In fact he called theat man and anyone else who believed such nonsence a 'Fool'!

      Supposedly Methane according to these,'Fools', comes from Dinosars and ancient plant life and is limited in its resource! If that is so, why are there moons that orbit Saturn and Jupiter, spewing 'Methane' out for centuries? Why does it appear that the frozen atmosphere of Uranus consist of mainly Methane? Other Moons and other Planets in our own Solar system have Methane! Where are their Dinosaurs? Where are theri vegastations?

      How can you 'Tax' something that does not exist? "Fossil Fuels" I'd love to see this put to the 'Test' in the Higher Courts!

      Hozro

    5. david foley Farmington IA 52626 says:

      stop the spending

    6. David Applestone, Sm says:

      Many of us have seen the video clips of many democrats in Congress in 2005 denying any problems surrounding Fannie Mae and Freddie Mac and then blaming Bush for the housing crisis. Obama's economic policies are no different. His tax and spend strategy is prolonging the misery from this recession, and yet he never misses a chance state how he has "inherited" the recession from the previous administration. When does this officially become Obama's economy. I know – as soon as the economy recovers! If the economy were to improve next week it certainly would be Obamanomics that did it. On the other hand, if it takes three years, then it's still his policy that improved the economy, but due to the severity of the problems he inherited, it took some time for recovery to take hold.

      Another former president inherited a pretty bad ecomony. That would be Ronald Reagan. What did he do? Exactly the opposite of what Obama is doing. He cut taxes, cut spending, and reduced regulation. So, what happened? A historic 20 year period of economic prosperity. For Obama and his statist friends it's not about economic recovery of the free market. He hates the free market. It's about accumulating as many people as possible that are dependent on government so as to ensure re-election for him as his friends.

      Wake up, America. The GOP, who has been responsible for opening the door Obama walked through last year, is now providing worthwhile solutions. Support these politicians. Make your voice heard on Tax Day at one of tea parties. Contact your representative. Get invloved. For more information please visit http://www.politicalspinonline.typepad.com

    7. Pingback: 9/12 Recap | Old People News

    8. Pingback: 9/12 Recap | Conservative Principles Now

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