To his credit, Obama has done something our Democrat-led Senate is too cowardly (and disdainful of their constitutional duty) to do — propose a budget.
To his discredit it’s a steaming pile of dog shit. That’s seriously the nicest thing I can say about his plan to tax the hell out of us now with a promise (and we’ve all seen Obama’s track record when it comes to keeping promises) to cut later. Maybe.
Remember way back in 2009 when Obama made this promise:
“This is big,” wrote White House director of new media Macon Phillips in a February 23, 2009 blog post, ”the President today promised that by the end of his first term, he will cut in half the massive federal deficit we’ve inherited. And we’ll do it in a new way: honestly and candidly.”
Indeed, President Obama did make that promise that day, saying, “today I’m pledging to cut the deficit we inherited in half by the end of my first term in office. This will not be easy. It will require us to make difficult decisions and face challenges we’ve long neglected. But I refuse to leave our children with a debt that they cannot repay — and that means taking responsibility right now, in this administration, for getting our spending under control.”
So…does his latest budget proposal uphold his earlier promise? Oh come on…that’s obviously a rhetorical question. Even the Congressional Black Caucus Chairman Emanuel Cleaver (D-Mo.) called Obama’s latest attempt to destroy our economy a “nervous breakdown on paper.” You just know that Cleaver, one of the most prolific race hustlers in all of D.C., was just spinning trying to figure out a way to play the race card against Obama.
As for the nuts and bolts (or really…more like the nuts and more nuts) of Obama’s “budget,” the ATR lists how the “Obama Plan Uses Budget Gimmickry To Mask Explosive Spending“:
• The budget continues to call for spending at historic levels: the request sets spending for the fiscal year at $3.8 trillion and projects $47 trillion in spending over the next ten years
• Holds spending at 23 percent of [GDP] the next ten years, two percent higher than its historical average
• Uses totally dishonest accounting: the President claims to include $4 trillion in deficit reduction. These supposed cuts include $1.6 trillion in tax hikes and $900 billion in war spending the President plans to plow back into infrastructure spending
• Repeats failed “stimulus” spending: For the third year in a row, the plan looks to create a permanent Infrastructure Bank with $350 billion in new spending. The budget also requests $500 billion for a transportation package while shifting Highway Trust Fund spending to mandatory accounts, ensuring its insolvency for posterity
• Continues practice of extending Medicare providers payments without offsetting the $438 billion in spending with cuts elsewhere
• The budget only addresses 40 percent of the government spending problem: the President bankrupts the entitlement programs by once again refusing to confront the nation’s largest debt-drivers
• Fails to take into account the coming costs of the government takeover of healthcare and financial regulatory overhaul. Instead, the President’s budget claims zero effect for supposed cost-saving mechanisms, such as the implementation of the Obamacare Independent Payment Advisory Board