President’s Bloated Budget Calls For $800B Tax Hike, $7.3 Trillion In New Debt – Fuzzy Math
April 7, 2013 in Budget, Congress, Debt Crisis, Debt Limit, Depression, Economic, Economic Deception, Economy, Obama's America 2016, Obamanation, President Obama, Propaganda, Sequestration, Unions by carlos
Obama Admin Says Turning Off Sequester Will Save $1 Trillion
President’s Bloated Budget Calls For $800B Tax Hike, $7.3 Trillion In New Debt – Fuzzy Math On Whitehouse.gov
Obama: Proposed budget not my ‘ideal plan’Â Published April 06, 2013 Associated Press
Confronting bipartisan criticism, President Obama conceded Saturday his proposed budget is not his “ideal plan” but said it offers “tough reforms” to the nation’s benefit programs while closing loopholes for the wealthy, a mix that he argued will provide long-term deficit reduction without harming the economy.
In his first comments about a budget he is to release Wednesday, Obama said he intends to reduce deficits while at the same time providing new spending for public works projects, early education and job training.
“We don’t have to choose between these goals – we can do both,” Obama said in his weekly radio and internet address.
Obama’s budget calls for slower growth in government benefits programs for the poor, veterans and the elderly, as well as higher taxes, primarily from the wealthy. Some of its details, made public Friday, drew a fierce response from liberals, labor unions and advocates for older Americans and prompted an unimpressed reaction from Republican House Speaker John Boehner.
“It’s a compromise I’m willing to accept in order to move beyond a cycle of short-term, crisis-driven decision-making, and focus on growing our economy and our middle class for the long run,” Obama said.
Obama proposes spending cuts and revenue increases that would result in $1.8 trillion in deficit reductions over 10 years, replacing $1.2 trillion in automatic spending cuts that are otherwise poised to take effect over the next 10 years.
Counting reductions and higher taxes that Congress and Obama have approved since 2011, the 2014 budget would contribute to a total $4.3 trillion in total deficit reduction by 2023.
The key deficit reduction elements of the plan incorporate an offer Obama made to Boehner in December as both men sought to avert an impending “fiscal cliff” of automatic, across the board spending cut and broad tax increases.
Obama’s plan has two central features — $580 billion in new taxes that Republicans oppose and a new inflation formula, rejected by many liberals, that would reduce the annual cost of living adjustments for a broad swath of government programs, including Social Security and benefits for veterans.
In his address, Obama said he would achieve deficit reduction by making “tough reforms” to Medicare and by enacting “commonsense tax reform that includes closing wasteful tax loopholes for the wealthy and well-connected.”
Obama, however, made no mention of the effect his budget would have on Social Security and on other social safety net programs, a key feature of his proposal and one that drew hostile reaction from some of his most ardent political backers.
Obama rejected a House Republican budget that aims to balance the budget in 10 years with steep cuts in domestic spending. His remarks reflected the White House’s argument that Obama’s blend of tax increases and spending cuts have widespread public support and will ultimately change the terms of the fiscal debate in Washington.
“My budget will reduce our deficits not with aimless, reckless spending cuts that hurt students and seniors and middle-class families — but through the balanced approach that the American people prefer, and the investments that a growing economy demands,” he said.
Still, Obama has been unable to move House Republicans from their opposition to higher taxes. And his proposed reduction in the growth of benefits drew swift objections from allies.
“The president should drop these misguided cuts in benefits and focus instead on building support in Congress for investing in jobs,” AFL-CIO President Richard Trumka said in a statement Friday.
Kansas Gov. Sam Brownback delivered the Republican radio address, arguing that “the ideas on how to fix the federal government are now percolating in the states.”
“You see, you don’t change America by changing Washington — you change America by changing the states,” he said. “And that’s exactly what Republican governors are doing across the country — taking a different approach to grow their states’ economies and fix their governments with ideas that work.
Brownback, a former House member and U.S. senator, called for a “taxing structure that encourages growth, an education system that produces measurable results, and a renewed focus on the incredible dignity of each and every person, no matter who they are.”
Read more:Â http://www.foxnews.com/politics/2013/04/06/obama-proposed-budget-not-my-ideal-plan/#ixzz2PmJnyqlb
Starving Democrats – Texas Congressman Solicits Lobster Donations
On August 5th 2011 in an unprecedented move, the  Standard & Poors Rating Agency lowered the Debt Rating of the United States from AAA to AA+. The lowered rating represented the first downgrade in 70 years and was preceded by numerous warnings to our government that the unprecedented Debt by the Obama Administration was crippling our economy and”..had grown increasingly skeptical that Washington policy makers would make significant progress in reducing the deficit, given the tortured talks over raising the debt ceiling.”
Taxes Are Going Up!! What Congress Past Was To Try To Keep some Taxes The same!!!!
While many Americans are facing a difficult at best or Bleak  at worst financial Christmas Season, President Obama and his entourage will be once again a enjoying a 21 day Hawaiian vacation, at taxpayer expense. The cost to us taxpayers will be well over $20,000,000 or approximately $1,000,000 per day. Meanwhile, while we continue down the path to financial Armageddon, President Obama continues to spend our hard earned confiscated treasure on outrageously decadent vacations. Perhaps we should look on the bright side, it could have spent even more. With all the tax increases coming our way in  2013, he will have more of  our hard earned treasure  to re-distribute for even more lavish $$$ getaways.
While most of America is suffering through one the worst economic downturns in U.S. history, the Obamas are living the high life at your expense. During 2011, U.S. taxpayers spent an astounding 1.4 billiondollars on the Obamas. Meanwhile, British taxpayers only spent 57.8 million dollars on the entire royal family. Does anyone else see something wrong with this picture? So where did the 1.4 billion dollars go? That money paid the salaries of their staff members, it paid for their transportation and housing costs, it paid for entertainment and vacations for the Obamas, and $102,000 was even spent on a “dog handler” for the family dog Bo. In his new book entitled “
Republicans and Taxes
Barack Hussein Obama and our nitwit Vice-President Joe Biden , if re-elected , promise to  let the Bush tax cuts expire which will result in increased taxes at every income  level.
confusion and rush to minimize their collateral damage they gave us a brief glimpse into their corrupt “Machine.†A “Propaganda Machine†that has permeated and been an integral part of Barack Hussein Obama’s regime since his Chicago beginnings.  These past four years have seen the melding of a corrupt Political Machine with a corrupt News Media whose end result has been the largest disinformation campaign ever perpetrated against an American citizenry. The Obama Administration’s Libyan misinformation campaign has been so blatant that Mike Huckabee, a Protestant Minister, felt compelled to call out and at the same time warn the American people that “
“A democracy cannot exist as a permanent form of government. 
Folks,
People Are Not Working!
When our Senator’s and Representatives attempt to slip a bill like the Farm Bill HR.6083  through Congress, they must really believe that, we the members of the electorate and their constituents are either brainless, dim-witted or morons.  Even the financial scoring of this bill like most others, is filled with deception and dishonesty. Its no wonder that only 10% of our electorate  believes that Congress is doing a satisfactory job in representing our interests.
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WASHINGTON – The U.S. government will run a budget deficit of $1.1 trillion in fiscal 2012, or 7.3% of gross domestic product, the Congressional Budget Office estimated in a new report on Wednesday. The new deficit estimate is slightly lower than the agency’s March estimate of $1.2 trillion. The nonpartisan CBO predicts that the U.S. economy will grow at a 2.1% clip in 2012, but fall by 0.5% between the fourth quarter of 2012 and the fourth quarter of 2013 if scheduled tax increases and spending cuts take effect in January. Under that “fiscal cliff,” the U.S. would experience a recession, with U.S. unemployment jumping to about 9% in the second half of 2013 from its current 8.3%, CBO said.
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