Showing posts with label Federal Budget. Show all posts
Showing posts with label Federal Budget. Show all posts

Thursday, February 26, 2009

John Boehner Tells A Big Lie

John Boehner reacting to the Obama Budget:

On Tuesday, the president called to Congress to make fiscal responsibility a priority, and Republicans agree. That’s why it’s ironic that on the very next day, House Democrats would pass a $410 billion appropriation bill, 8 percent above last year’s levels, and including some 9,000 earmarks. I think we’ve just got to admit it. We’re broke, and we can’t continue to pile debt on the backs of our kids and grandkids. The president campaigned against wasteful spending, and he ought to veto this bill.

As you know the president sent his budget to Congress today. Middle class families are making sacrifices and cutting their expenses. It’s time for Washington to do the same. We need to do that by stopping out-of-control federal spending.

The American people know that we can’t tax and spend our way to prosperity. That’s just the formula that appears the president’s budget is relying on. The era of big government is back, and Democrats are asking you to pay for it. The administration’s plan -- I think, it’s a job killer, plain and simple. And it raises taxes on all Americans while we’re in the middle of a recession.
Perhaps Boehner doesn’t think that any Americans make less that $250,000 dollars a year. What a bonehead Boehner is. Obama wants to cut taxes for those Americans that make less than $250,000. Stop lying, Mr. Boehner. The American public is tired of all the lies.

Why didn’t Boehner speak out against his former boss when George W. Bush piled “debt on the backs of our kids and grandkids.” We are broke. Whose fault is that? Why not take a look in the mirror, Mr. Boehner? It is not the fault of Barack Obama. We were broke under George W. Bush. Why didn’t you complain then, Mr. Boehner? It is better to tax and spend, than to not tax and spend.

The era of big government started a long time ago. George W. Bush and John Boehner did nothing to make government smaller. It is misleading to say that Obama is responsible for big government.

Update:
From Obama unveils $3.6 trillion budget for 'new era' by Robert Schroeder:
Tax increases for the wealthy -- those individuals making more than $200,000 and families whose incomes are over $250,000 -- wouldn't kick in until 2011, Obama's budget director said Thursday, rejecting charges that the administration is raising taxes during a recession.

"That's just factually wrong," budget director Peter Orszag told reporters. "We're not doing that."

Monday, February 23, 2009

More Numbers

Barack Obama is trying to not be the liar-in-chief. I don’t think that George W. Bush ever told the truth about anything. Except for the time he talked of the need to “catapult the propaganda.”

From Obama Bans Gimmicks, and Deficit Will Rise by Jackie Calmes:

For his first annual budget next week, President Obama has banned four accounting gimmicks that President George W. Bush used to make deficit projections look smaller. The price of more honest bookkeeping: A budget that is $2.7 trillion deeper in the red over the next decade than it would otherwise appear, according to administration officials.

The new accounting involves spending on the wars in Iraq and Afghanistan, Medicare reimbursements to physicians and the cost of disaster responses.

But the biggest adjustment will deal with revenues from the alternative minimum tax, a parallel tax system enacted in 1969 to prevent the wealthy from using tax shelters to avoid paying any income tax.

Even with bigger deficit projections, the Obama administration will put the country on “a sustainable fiscal course” by the end of Mr. Obama’s term, Peter R. Orszag, the director of the Office of Management and Budget, said Thursday in an interview. Mr. Orszag did not provide details of how the administration would reduce a deficit expected to reach at least $1.5 trillion this year.

Mr. Obama’s banishment of the gimmicks, which have been widely criticized, is in keeping with his promise to run a more transparent government.

Fiscal sleight of hand has long been a staple of federal budgets, giving rise to phrases like “rosy scenario” and “magic asterisks.”

The $2.7 trillion in additional deficit spending, Mr. Orszag said, is “a huge amount of money that would just be kind of a magic asterisk in previous budgets.”

“The president prefers to tell the truth,” he said, “rather than make the numbers look better by pretending.”
Good for Obama. Now if we can get the corporations and banks to follow suit…

Tuesday, February 5, 2008

More Guns, Less Medicine

Bush Presents Budget That Would Increase The Deficit. George W. Bush, our number one fiscal conservative, once again chooses war over the welfare of his fellow Americans. It’s only money, why not throw it all down the huge black hole that is the Bush vision for America? Everyone repeat the mantra: We are not safe, we are not safe, we are not safe…

Bush Budget. Seems like an oxymoron.