Obama’s New Budget: $1.65 Trillion Deficit for This Year
- Posted on February 14, 2011 at 7:30am by
Jonathon M. Seidl
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WASHINGTON (AP) — President Barack Obama is sending Congress a $3.73 trillion spending blueprint that pledges $1.1 trillion in deficit savings over the next decade through spending cuts and tax increases.
Obama’s new budget projects that the deficit for the current year will surge to an all-time high of $1.65 trillion. That reflects a sizable tax-cut agreement reached with Republicans in December. For 2012, the administration sees the imbalance declining to $1.1 trillion, giving the country a record four straight years of $1 trillion-plus deficits.
Senior administration officials, who spoke on condition of anonymity in advance of the formal release of the budget, said that Obama would achieve two-thirds of his projected $1.1 trillion in deficit savings through spending cuts including a five-year freeze on many domestic programs.
The other one-third of the savings would come from tax increases, including limiting tax deductions for high income taxpayers, a proposal Obama put forward last year only to have it rejected in Congress.
The Obama budget recommendation, which is certain to be changed by Congress, would spend $3.73 trillion in the 2012 budget year, which begins Oct. 1, a reduction of 2.4 percent from what Obama projects will be spent in the current budget year.
The Obama plan would fall far short of the $4 trillion in deficit cuts recommended in a December report by his blue-ribbon deficit commission. That panel said that real progress on the deficit cannot be made without tackling the government’s big three entitlement programs – Medicare, Medicaid and Social Security – and defense spending.
Obama concentrated his cuts in the one-tenth of the budget that covers most domestic agencies, projecting $400 billion in savings from a five-year freeze in this area. Some programs would not just see spending frozen at 2010 spending levels but would be targeted for sizable cuts.
Republicans, who took control of the House in the November elections and picked up seats in the Senate in part because of voter anger over the soaring deficits, called Obama’s efforts too timid. They want spending frozen at 2008 levels before efforts to fight a deep recession boosted spending in the past two years.
They are scheduled to begin debating on Tuesday a proposal that would trim spending by $61 billion for the seven months left in the current budget year, which ends Sept. 30. They also have vowed to push for tougher cuts in 2012 and future years.
“Americans don’t want a spending freeze at unsustainable levels,” said Senate Republican leader Mitch McConnell. “They want cuts, dramatic cuts.”
The president’s projected $1.65 trillion deficit for the current year would be the highest dollar amount ever, surpassing the $1.41 trillion deficit hit in 2009. It would also represent 10.8 percent of the total economy, the highest level since the deficit stood at 21.5 percent of gross domestic product in 1945, reflecting heavy borrowing to fight World War II.
The president’s 2012 budget projects that the deficits will total $7.21 trillion over the next decade with the imbalances never falling lower below $607 billion, a figure that would still exceed the previous deficit record before Obama took office of $458.6 billion in 2008, President George W. Bush’s last year in office.
Administration officials project that the deficits will be trimmed to 3.2 percent of GDP by 2015 – one-third of the projected 2011 imbalance and a level they said was sustainable.
While cutting many programs, the new budget does propose spending increases in selected areas of education, biomedical research, energy efficiency, high-speed rail and other areas Obama judged to be important to the country’s future competitiveness in a global economy.
In the energy area, the budget would support Obama‘s goal of putting 1 million electric vehicles on the road by 2015 and doubling the nation’s share of electricity from clean energy sources by 2035.
The budget proposes program terminations or spending reductions for more than 200 programs at an estimated savings of $33 billion in 2012. Programs targeted for large cuts included Community Development Block Grants, trimmed by $300 million, while a program that helps pay heating bills for low-income families would be cut in half for a savings of $2.5 billion while a program supporting environmental restoration of the Great Lakes would be reduced by one-fourth for $125 million in savings.
The biggest tax hike would come from a proposal to trim the deductions the wealthiest Americans can claim for charitable contributions, mortgage interest and state and local tax payments. The administration proposed this tax hike last year but it was a nonstarter in Congress.
Obama’s budget would also raise $46 billion over 10 years by eliminating various tax breaks to oil, gas and coal companies.
While Obama’s budget avoided painful choices in entitlement programs, it did call for $78 billion in reductions to Pentagon spending over the next decade by trimming what it views as unnecessary weapons programs such as the C-17 aircraft, the alternative engine for the Joint Strike Fighter aircraft and the Marine expeditionary vehicle.
Administration officials said that the savings from limiting tax deductions for high income taxpayers would be used to pay for keeping the Alternative Minimum Tax from hitting more middle-class families over the next two years.
Another $62 billion in savings would be devoted to paying to prevent cuts in payments to doctors in the Medicare program over the next two years. Congress has for several years blocked the cuts from taking effect but the effort drove the deficits higher because lawmakers did not find offsetting savings.
The budget will propose $1 billion in cuts in grants for large airports, almost $1 billion in reduced support to states for water treatment plants and other infrastructure programs and savings from consolidating public health programs run by the Centers for Disease Control and various U.S. Forest Service programs.
The administration will also propose saving $100 billion from Pell Grants and other higher education programs over a decade through belt-tightening with the savings used to keep the maximum college financial aid award at $5,550, according to an administration official who spoke on condition of anonymity in advance of the budget’s Monday release.
The surge in deficits reflect the deep 2007-2009 recession, the worst since the Great Depression, which cut into government tax revenues as millions were thrown out of work and prompted massive government spending to jump-start economic growth and stabilize the banking system.
Republicans point to still-elevated unemployment levels and charge the stimulus programs were a failure. The administration contends the spending was needed to keep the country from falling into an even deeper slump.
—
Associated Press writers Andrew Taylor, Darlene Superville and Jim Kuhnhenn contributed to this report.
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Comments (127)
Thesetimes
Posted on February 14, 2011 at 9:06amI have the new Federal Tax Proposal for Americans (I know – NOT everyone will be pleased):
10% National Tax on all goods and services – (with all costs specifically listed in each receipt so as to be transparent)
Graduated tax with first $50,000 non-taxable and a $15,000 deduction for all so as to have National Tax not be as regressive on lower income earning people. After $50,000, the tax rate is 1% per $10,000 above $50,000 up to 25% at $300,000 and above.
Corporate Tax: 15%
Capital Gains Tax: 15%
Death Tax: 15%
Social Security 3.2% on ALL income
Medicare .8% on ALL income
NO deductions other than the $15,000 deduction upfront and charitable giving. To raise the interest in charitable giving (qualified to help underprivileged), there is a DOUBLE deduciton provided…meaning, if you donate $1000 to a qualified charity, you can deduct $2000 from your tax returns. (Ok, I know this is going to be quite an area of potential corruption but it can get private funds into the hands of private organizations to help the less fortunate AND be an incentive to higher income earners)
WIth a $15 trillion economy, this should generate around $3 trillion yearly (and more with the new growth it will provide) NEXT, it would be to get our spend HARD lined under $3 trillion PLUS see an explosion in funding for the poor (so as to mitigate rises in food stamps and other transfers)
I am sure there are lots of holes but this takes some of the power out of the hands of beaurocrats and gives more choice to Americans.
Report Post »scoter
Posted on February 14, 2011 at 9:43amI am with you. And do it now.
Report Post »PIL
Posted on February 14, 2011 at 1:09pmSorry, I support the flat tax. I also don’t agree with a “graduated tax.” We need to stop with the class warfare, whether I make $50,000 a year or $5 billion a year it’s my money and my taxes should be the same regardless of how much or how little I made.
http://libertarians4freedom.blogspot.com/
Report Post »tamalpass
Posted on February 15, 2011 at 10:20amEliminate the Income Tax / IRS and institute the FairTax.
Simple and takes power away from the Feds.
Our current system is INSANE!
Report Post »Redistributor
Posted on February 14, 2011 at 8:54amMitch, that’s a serious statement but when you and your party talk about reverting back to 2008 spending levels, it’s hard to take you and the GOP serious!
Report Post »Blackhawk1
Posted on February 14, 2011 at 9:18amWhat’s so hard to take? So a 450 Billion deficit isn’t big enough for you socialists? Maybe the Liberals need to pay more for all the charity they want everyone else to pay for so they can feel better about themselves.
Report Post »jerryod1627
Posted on February 14, 2011 at 8:47am“We the People” elected several Tea-Party and Republican candidates to stop this guy from bankrupting us. It’s time for the people we elected to go to the White House, explain to obama that he is no longer in control, give him the budget with the spending cuts that make sense and tell him if he does not like that then “tuff stuff” accept it or get out!
Report Post »bcarron4
Posted on February 14, 2011 at 8:39amThis is another attempt to deceive the American people. First we waste a year by having a commission study the issue only to ignore their findings, next we try to convince people that freezing at historically high rates is a savings because we would have increased them more and now we will dazzle them with the cut of the percentage of the total GDP and just forget to mention that the GDP grew over the same time. Reality is the National Debt is growing $4 billion a day and this proposal for next year won’t even slow it down.
Report Post »CountMeIn
Posted on February 14, 2011 at 8:37amNot good enough, Obama. We need real change we can believe in… a diminishment of the labor union-big government complex.
Report Post »tinydd
Posted on February 14, 2011 at 8:35amObama is a complete moron who is still set on destroying this country. Get a clue Barry, spending MUST be reudced to 1950 levels if we’re to survive.
Report Post »Pat in PA
Posted on February 14, 2011 at 8:30amI hope this administration does not know what comes after a Trillion.
I am hearing more and more people in the news and commenters commenting on National Debt and Annual Budget Deficits, not to mention distorting Millions from Billions and Trillions.
The National Debt is the liability side of our balance sheet, what we owe & who do we owe it to. It is our Mortgage, much like any homeowners mortgage on their home.
The Budget Deficit is the ANNUAL bottom line of our income statement, tax revenue minus spending, no different than every American’s own annual budget.
The US has had National Debt (aka mortgage) since 1835. That was the last year the US had NO National Debt. If the ANNUAL bottom line of our Budget is a negative number in any year, a/k/a Budget Deficit, then our National Debt automatically increases. If our ANNUAL bottom line is a positive number, it MAY decrease our National Debt, but that has not happened but for a limited # of years (you can count them on 1 hand, and, contrary to those who consistently tout the late 90′s as our last years of fiscal responsibility, the most recent year that occurred was 1969) because we continually borrow more money to cover our interest on our National Debt, much like a negative amortizing mortgage or Pay Option ARM loan, yet alone cover our spending, yet alone pay a little extra on our mortgage.
So, we continually refinance the National Debt every year to pay the current year’s interest by borrowing even more money than we owed the previous year….piling more debt on top of our existing debt each year. In the past few years, we have had the “pleasure” of low interest rates. That is ending, and our annual refinancings will be taken out at progressively higher interest rates.
People complain about the Negative Amortizing Adjustable Rate Mortgage loans pedaled by what Community Organizers coined predatory lenders. Does that make our government officials predatory legislators ?
The madness needs to stop & it must start first with Massive Cuts in Spending in order to get first to at least a Balanced Budget annually…and then Budget Surpluses in amounts required to at least cover our current years required principal paydowns on our National Debt / mortgage, as well as the interest on all of our existing National Debt…and ultimately in amounts that would allow us to pay a little extra on the principal of our mortgage i.e., National Debt.
Budget Deficits plus Negative Amortizing National Debt = failure by our 537 elected federal representatives.
A Balanced Budget plus Negative Amortizing National Debt = failure by our 537 elected federal representatives.
A Budget Surplus plus Negative Amortizing National Debt = failure by our 537 elected federal representatives.
A generation, or two, of Massive Budget Surpluses plus Principal Paydowns on our National Debt = a glimmer of hope, for a change, for all of us, born & unborn.
Our generation must stop with the addictive drugs from the medicine cabinet of the federal government called safety nets by some & hammocks by others, & replace them with trampolines in order to give every legal American the liberty, freedom, right & responsibility to annually contribute to the future of this exceptional country.
I know I am preaching to the choir here but we need to EDUCATE a large majority of the “people in the middle” and hope they will become ENLIGHTENED before any change will happen.
This administration is betting that will not happen and I would not expect any Public Service Announcements being put out by this adminsitration’s community organizing alumni.
We need to get out and EDUCATE.
Report Post »oldoldtimer
Posted on February 14, 2011 at 10:08amThe usual answer. I don’t care what you do as long as you do not touch my ………….. Thses same foolks do not understand , either you suffer a little pain now or you suffer a lot later. We can cut an maybe save the country or we can just wait for the collapse that will definately come. If we do not get out of debt NOW all it will take for total collapse is for the world to stop using the dollar as the reserve currency(currency of trade) There is already calls to do just that because the Fed is inflating the money, destroying equity around the world.
Report Post »csinnm
Posted on February 14, 2011 at 8:29amwhen the dems start yammering about the house cuts, the republicans have to remind the folks that the cuts are being made to the ridiculous increases in those programs made by this administration and the congress in the past 4 years and point out specific programs as examples. we as a nation have been asleep and need to wake up.
Report Post »SUEB
Posted on February 14, 2011 at 8:26amAN IDEA: We should only pay a STATE TAX period. Let the states budget their money and whatever is left, oh well that goes to the FEDERAL GOVERNMENT. We are being taxed, oh excuse me, we are being abused by the crap of hiding what our taxes are really going for. STOP taxing us NOW!
Report Post »Lloyd Drako
Posted on February 14, 2011 at 10:08amAn interesting suggestion!
Report Post »It would give us a fiscal system somewhat resembling that of Germany under the Kaiser 100 years ago.
goodinohio
Posted on February 14, 2011 at 8:26amDon’t worry, RINOS “might” cut 30 or 50 billion.
Report Post »GhostOfJefferson
Posted on February 14, 2011 at 9:23amThey won’t cut anything, in the way you and I understand “cut”. They’ll instead do what they (and the Dems) have always done, they’ll “reduce the increase”.
This is a rigged system folks, from the worthless paper fiat currency to inflation to taxes, you’re more or less slaves in this government controlled economic system, you just don’t know it. And that’s by design.
Report Post »martnee777
Posted on February 14, 2011 at 8:21amRonald Reagan won the cold war, the war against communism, by bankrupting the soviet union. The soviets couldn’t keep up with our defense spending. If we are bankrupt we can no longer be a super power. It is the end game for Marxists. Central power with a populous dependent on the government.
Report Post »entropy
Posted on February 14, 2011 at 8:18amIt is obvious that both the repubs ( remember, only $37 bil in cuts this year) and the communist party are doing the bidding of some foreign operatives seeking to destroy this country. There is no doubt about it. Voting for either of these two parties, hell voting at all is not going to stop them. Something must be done.
Report Post »Country
Posted on February 14, 2011 at 8:17amSmoke and mirrrors, don‘t forget what Obama’s real aganda is. A world wide socialist utopia for you and me.
Report Post »liberty12
Posted on February 14, 2011 at 2:19pmYou are correct . The problem is that this administration along with the Senate, are not listening or governing by the Will of the people. #1 obama is in full campaign mode & knows full well that if he touches ( defunds/cuts) any entitlement or Welfare program, that his ignorant voter base will dry up & he will forfeit a ‘2012’ tyrannical win. If the RHINO’s push too many SS & medicare (defundings) CUTS, then they too will lose their hard-gained edge in elections ‘2012″- by trampling on the elderly and veterans (approx. 48% of Tea Party patriots). So- looks like we need a Real leader to break- the- ice & demand that Congress make some noise, debate, hollar & scream —Compromise, but CUT Deep, because America is in real trouble. (my idea of a real leader=REP. Col. Allen West,FL) The next George Washington?
Report Post »SUEB
Posted on February 14, 2011 at 8:09amMedicare costs for teachers are passed onto the tax payer in their school budgets. By charging more for Medicare Part B according to someones adjusted gross income only makes it harder for you and your neighbor who is on a budget to meet their school taxes. It all gets passed onto the tax payer….REVOLT! Taxation without Representation!
Report Post »PA PATRIOT
Posted on February 14, 2011 at 7:57amThe White House Switchboard
Report Post »(202) 224-3121
HillBillySam1
Posted on February 14, 2011 at 8:30amThank you.
Report Post »PA PATRIOT
Posted on February 14, 2011 at 7:55amThis is where We The People take action on the telephone to Congress.
Report Post »A list of toll free numbers to Congress
1-800-828-0498
1-800-459-1887
1-800-614-2803
1-866-340-9281
1-866-338-1015
1-866-220-0044
1-877-851-6437
TAKE ACTION TODAY
orcainohio
Posted on February 14, 2011 at 7:46amI hope JB takes Obamas budget out in front of the Capital and burns it. It would be a good use for it cooking wieners and making s’mores.
Report Post »parmajohn
Posted on February 14, 2011 at 7:42amLay off the Czars Their salaries Perks and Budgets Would help reduce the deficit Just saying
Report Post »Blackhawk1
Posted on February 14, 2011 at 9:11amThe Czars and Michelle’s staff. Also how about we don’t have Obama flying to a different part of the country everyday to give another speech that nobody wants to hear.
Report Post »oldoldtimer
Posted on February 14, 2011 at 9:55amBlackhawk. We need a law that makes the POTUS’ party pay for all expenses when he campaigns for them. He is suppose to be all of us’ Potus not just his party. Iam tired of my taxes going to fly him every where to campaign. He should pay his own way jusyt like any other candidate. No more unfair advantage.
Report Post »chattycathy
Posted on February 14, 2011 at 7:41amObama‘s ’cuts’ are a joke! The idiotic press (and I include some of the conservative websites) are reporting this with a straight face. He’s proposing a deficit reduction of $1.1 TRILLION OVER 10 YEARS WHILE RUNNING A $1.5+ TRILLION DOLLAR DEFICIT IN 2012 ALONE!
The Republicans had better get their act together and be prepared to tackle entitlements. The Tea Party is NOT going to give them another chance in 2012. CUT IT AND CUT IT NOW!
Report Post »sbleve
Posted on February 14, 2011 at 8:38amThe GOP that has been established for the past half century and perhaps longer, have never had their act together. They also promised this or that projection. Deficit spending looks mildly benign today, but for my grandchildren will be what it really is, Nightmare with no intelligent ending. If the organic uprising of protest as the tea party presented in the past 2 years does not spread and grow, there will only be same-same politics in 2012.
The concept of a balanced budget can not sustain itself on a promise. It needs more than a promise. Promises of this type are the flaw in simple democracy. Projected savings is the shell game that has no pea. Political promises are nothing more than an illusion. Our current debt is growing. Each dollar of growth creates an increase in the revenue dedicated to pay the interest on that debt. Debt interest is not sustainable-affordable today, how then will this particular budget that looks like all of the past 10-90 budgets, create ‘sustainable’?
If there is not a co-joined political effort to create a path to solvency meaning NO DEBT, slavery to the master is inevitable. Without the sharp teeth of penalty, Law in our Constitution will be null and void by the time my grandchildren are at the helm.
The vision of hope that is occurring in Egypt today will look mild on the future streets of America.
Report Post »Bluebonnet
Posted on February 14, 2011 at 2:32pmHow does everyone like that HOPIE CHANGIE THINGIE? The devil made me to this
Report Post »wodiej
Posted on February 14, 2011 at 7:40amNo new spending-period. Not until the deficit is erased and Americans are back to work.
Report Post »Marcobob69
Posted on February 14, 2011 at 8:01amI agree with you WODIEJ, we need to stop the spending NOW! NOBODY could run their household the way these boobs run the finances in this country, we would ALL be BROKE in no time!!!
Report Post »weeblewacker1
Posted on February 14, 2011 at 11:20amaaahhhh remember about 10 years ago? that nice democratic surplus?????
Report Post »blanco
Posted on February 14, 2011 at 7:39amLike president islama, a huge joke!
Report Post »tower7femacamp
Posted on February 14, 2011 at 7:37amWho is going to stop them ?
Report Post »I say Ron Paul would have cut the spending in 1/2
but the voters blew it and put McCain against Obama.
V-Forge
Posted on February 14, 2011 at 7:36amHmm what a cost saver. you see he might have spent 3 trillion.
Report Post »SpankDaMonkey
Posted on February 14, 2011 at 7:36am.
Report Post »A Fool and OUR (his) Money. I sure wish this old saying did not fit Obama to a tee…………
HillBillySam1
Posted on February 14, 2011 at 8:27amI really like the new saying about how our government functions in a process that they label “sausage making”…….3.73 TRILLION dollars will buy a LOT of sausage…….unfortunately, it all tastes like the stuff that eminates from the southern quarters of a north-bound piggly-wiggly…..oink oink…..
Report Post »Bluebonnet
Posted on February 14, 2011 at 12:44pmRight on Spank: A fool and OUR money. Surely you don‘t think he’s gonna invest his own money on such a debacle. No one spends money to save money. DUH? When you’ve hit dirt bottom, it’s time to build it up again by stopping the spending, you fools in Washington We got your number! Dum dum.
Report Post »watchtheotherhand
Posted on February 14, 2011 at 1:00pmThe game is this…….If they spend/borrow money to ignite the economy they can tout that they have really done something and it is very difficult to prove it one way or another. If it gets a little worse then they say it would have been horrifying had they not spent the money. But if it slightly improves they claim that it was their action that improved things. Here is the kicker. Because the Fed Res and big government are incestuous this is how it plays out. The Fed simply prints more money giving it to the gov’t with interest. Then they can spend it with the current day’s value of a dollar. As that money then makes it’s way into the economy it devalues all existing dollars because now there is so many more. It is nothing more than a hidden tax. A way to take the value of money currently, spend it, thus making our money more worthless. That is the bottom line plain and simple. The final kick in the head is that the debt that has to be paid back is then passed to us in the form of up front tax increases or onto our children. We are literally paying taxes to pay for hidden taxes. This is the little dirty secret in Washington no one wants the public to know!!! That’s why most career politicians are big spenders. Deficit spending is nothing more than taxation on our future labors and endeavors !!!!!!!!!!!!! Econ 101
Report Post »watchtheotherhand
Posted on February 14, 2011 at 1:11pmIt’s called fractional banking with fiat money and it is based on a perpetual debtors phenomena. One where inflation/deflation can be artificially manipulated without typical economic relationships factoring in. The money supply has to always be increased to meet previous debt. This then ALWAYS leads to a devalued and unstable currency. The life span for this to take place historically is about 30-40 years. We have been off the gold standard in this country for nearly 40 years. The benefit for the bankers and the government is that those 2 being 1st in line at the spigot do not have decreased buying power compared to the rest of us and actually accrue wealth. It is wealth transfer from a population that is ignorant on how the whole thing works and is set up. Just look what the government did when “big” banks got in trouble. They bailed them out with money the Fed “big international banking cartel” would print out of thin air and charge us interest for it. They literally have absolutely nothing to lose.
Report Post »Bluebonnet
Posted on February 14, 2011 at 2:25pmI hear you all. I’d put my understand of how to handle money against any of these people advising the Pres. They are not on the right track. Look at the money he’s invested in America so far……..they can’t even prove where most of it has gone. None has really helped the Country as they try to claim. So far only a few individuals have come out of this smelling like a rose. The rest of the country is still waiting for our share of the help. Sorry, we common Americans have to fend for ourselves while they bail out Unions and top execs. Has it really helped America? NO NO NO
Report Post »Snowleopard {gallery of cat folks}
Posted on February 14, 2011 at 7:34amWe need to start making the effective cuts now, not later, not in small amounts; the reforms have to be initiated while there is still time and not on the old time worn method of the progressives who will always seek to raise spending and raise taxation at the same time.
If Obama were serious about the tax cuts, then his budget that borrows another 1.65 trillion would have been cut down dramatically instead of its current bloated gluttony.
It needs trimming and overhauling now, and the recently elected members of house and senate need to be held to their reforms promises.
Report Post »River0
Posted on February 14, 2011 at 7:41amWe’ll just have to allow the Democrats to hang themselves on this. When the economy and the dollar collapse, precipitating bankruptcy, the Ruling Class Democrats will get the well-deserved blame. It seems clear now that Americans won’t wake up to the deficit/debt Red Menace and back severe cuts in Medicare and other entitlements, where it counts. There’s no sense in railing about it and making us Tea Partiers unpopular.
Report Post »cnsrvtvj
Posted on February 14, 2011 at 7:51amExactly Snow. Everything this guy does makes me think of bizarro world from Seinfeld. So we’re going to spend more money so we can save money? I used to have a guy that “worked” for me that used to always say you need to spend money to make money. Finally one day I had to clue him in. You have to HAVE money, to spend money, to make money. It’s not a complicated concept.
http://www.donsmithshow.com – see the Muslim Brotherhood video
Report Post »tower7femacamp
Posted on February 14, 2011 at 8:06amALL money needs to be out in the open
Report Post »No more 40% of defense budget in Black ops
with 0 accountability. That is Lucifer’s power Secret money and Secret societies
like Skull and Bones
chazman
Posted on February 14, 2011 at 8:34amWhen I read stories like this I just wanna pull my teeth out!! Either they don’t get it or they do. I think they do. It is Obama, the Turd’s intention to destroy our country. Instead of a 1.5 trillion dollar deficit REDUCTION, Obama passes along a 3.73 Trillion budget package with reductions over 10 years? And these as*holes expect the American people to believe them?
Report Post »The only thing politicians will ever understand is a baseball bat across their faces!
what4
Posted on February 14, 2011 at 8:57amLook out Oblabla………….we might have to go Egyptian on ya!
Report Post »1911a1
Posted on February 14, 2011 at 8:57amRiver0
Posted on February 14, 2011 at 7:41am
We’ll just have to allow the Democrats to hang themselves on this. When the economy and the dollar collapse, precipitating bankruptcy, the Ruling Class Democrats will get the well-deserved blame. It seems clear now that Americans won’t wake up to the deficit/debt Red Menace and back severe cuts in Medicare and other entitlements, where it counts. There’s no sense in railing about it and making us Tea Partiers unpopular.
I totally Agree , an addict must hit rock bottom before the figure out they are wrong and have to change . They are drunk with spending others money and their desire for revolt. Their economic direction is doomed , but they care not. It’s just too bad those of us whom know better have to suffer with these imbeciles. But as conservative minded people we will prepare. We must save, adapt, improvise and eventually overcome. Let them reap their whirlwind………… Let them continue to let their finger return to the fire. The result will always be the same.
Report Post »smithclar3nc3
Posted on February 14, 2011 at 9:03amEliminate all useless government agencies,and office(ATF,FCC,DEPT OF ED.,DEPT OF ENERGY),eliminate the IRS and move to a flat tax,eliminate all money going to foriegn government,shut down the world police dept. That should get us started in the right direction
smithclar3nc3
Posted on February 14, 2011 at 9:05amRivero what the he77 are you on, To just sit back and allow the Democrats to further ruin the country is insane. We must get the message out that this is truining the country. We must get the lobbist out of D.C. AT ALL COST.
Report Post »macombman
Posted on February 14, 2011 at 9:32amPresident Obama just doesn’t get it. Two days ago he said he plans on lower our debt by spending more money?
http://www.youtube.com/watch?v=1xMeKU9psCA
Report Post »Bluebonnet
Posted on February 14, 2011 at 9:40amGet the AX out and chop the head off EVERYTHING. Cut, cut cut. That‘s what we do in our own personal finances and why can’t the government do the same thing? I’m so sick of that man who calls himself a Pres. tell us about how much he has cut when he’d done nothing of the kind. Cut means cut. Sure, after everybody and his brother in government and gov. programs have gotten big increases, he wants to freeze. Sorry, won’t work. Cut, cut, cut. It might hurt a little, but will work miracles. When it’s a level playing field, then you can freeze it. Pay attention, 2012 is around corner
Report Post »Bluebonnet
Posted on February 14, 2011 at 9:52amCut Congress’s pay by 25%, cut back on all the free-bees congress gets, cut back on trips (which are more personal and never functional) eliminate the number of departments that serve no real purpose, cut everything that really doesn’t serve a useful service (boy, we could clean out Washington D.C.) So many of these jobs are simply pay-offs. Nothing is so useful to our Country during these times, so why not help our Country by eliminating EVERYTHING that has no useful purpose while we dig out of hole.
Report Post »Bluebonnet
Posted on February 14, 2011 at 10:02amOne thing comes to mind for a start: Fire 35 of Michelle’s 40 staffers. For God’s sake, who needs 40
Report Post »people multi-tasking cutting food from restaurants and schools? Chop chop chop! I can be done. If you feel so sorry for someone losing a job, cut their wages by 25% or more depending how valuable they are and find more for them to do. No one knows how to work anymore. Most jobs in D.C. are pay backs for favors given anyway. Wouldn’t that be nice for the whole world to get payback? That would put us all on a level playing field which is what Obama wants.
gman46
Posted on February 14, 2011 at 10:41amGet rid of Department of Education first. then start cutting all of those other newly made departments that Obama created in the past two years. Would make a fair start.
Report Post »Bluebonnet
Posted on February 14, 2011 at 11:30amRight! The dept. of Education, a worthless group who’ve done nothing to “help the children” while they increase all the spending for themselves, the administration and the Unions. The children are doing worse now than when they claimed overcrowding classrooms were bad. Union teachers who have tenure and have no idea how to get across to the children, using incorrect history books, wrong facts and try to impose their own opinions on the children. No wonder!
Report Post »rubintheartist
Posted on February 14, 2011 at 11:47amObama and his Gang of Socialists will stop at nothing to devalue our dollar to cause worldwide inflation which produces worldwide anarchy. They just love to cause pain. Rhinos love to help him. Are they ready for this year’s Tea Party Push Back??????
Report Post »Obama and his Evil Thugs should watch this movie: http://www.marcrubin.com/Hairmerica.ivnu
Deuteronomy22
Posted on February 14, 2011 at 5:06pmWe need to get out of Iraq and Afghanistan, end all foreign aid, close 90% of our overseas bases and cut the military budget in half to 2001 levels. That will save 500 billion dollars a year. Raise the tax rates to what they were under Clinton and the deficit is GONE! Can anyone argue that we were more prosperous during Bush’s reign? If so please do. Oh cite some facts not just Rush’s BS propaganda. I’ll start. 22 million jobs created under Clinton, zero for Bush. Clinton 10 trillion dollar surplus by 2010. Bush 11 trillion dollar deficit by 2008, an 18 trillion dollar reversal.
Report Post »Deuteronomy22
Posted on February 14, 2011 at 5:16pmSnowleopard {gallery of cat folks}
Report Post »Posted on February 14, 2011 at 7:34am
We need to start making the effective cuts now, not later, not in small amounts; the reforms have to be initiated while there is still time and not on……………………………….————————————————————————————————————————————————————————————————We could cut Social Security, self funding with a surplus, education and Medicare to zero along with the EPA, FDA, PBS, NEA and a few other right wing hated programs and still be a few billion in the hole. Without raising taxes and substantial cuts in defense there is no way to balance the budget. NO WAY! Trickle down has bee an abysmal failure. We shipped our income producing jobs overseas, shifted the income to the top and lost our tax base. Obama does not address that no do any Republicans. Our path to irrelevance is paved by the wealthiest among us who are stripping the national carcus bare to enrich themselves while they destroy our nation.
Deuteronomy22
Posted on February 14, 2011 at 5:18pmClinton 10 trillion dollar surplus by 2010. Bush 11 trillion dollar deficit by 2008, an 18 trillion dollar reversal.———————————————
Report Post »edit: 21 trillion
DisillusionedDaily
Posted on February 14, 2011 at 10:11pmImpeach Obama, shred his so-called budget, reduce the size of the Federal Government 40% by shrinking or closing agencies and letting their personnel go to the private sector, pass a balanced budget ammendment and start paying off the debt a billion or two at a time. It all adds up! Then they can tackle the job of fixing social security and medicare. Eliminate the subsidies that keep TVA, Amtrak and the USPS afloat. Let them pay their way, privatize them or watch them go under. That would be a good start!
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