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5:06 pm CST - February 13, 2012

Posted under Quotes

Obama Submits FY2013 Proposed Budget: Congress Reacts

Texas Insider Report: WASHINGTON, D.C. –

The president’s incomprehensible approach is detrimental to job creation, and an insult to millions of Americans who have urged Washington to stop piling the debt onto their children and grandchildren. We need to reform them for future generations to save them from bankruptcy.”

“President Obama’s budget proposal irresponsibly raises taxes on families & small businesses by $1.9 trillion in order pay for even more spending. His plan would dig our $15 trillion financial hole even deeper, by almost another trillion dollars next fiscal year.”

Congressman Michael McCaul (R-TX) on the president’s budget proposal.    

Said Congressman Randy Neugebauer:

“Today, President Obama submitted his budget proposal for FY 2013 to Congress. Instead of addressing our nation’s $15.5 trillion dollar debt, his budget proposes to spend $47 trillion over the next 10 years, while imposing a $1.9 trillion tax increase on American families and adding trillions of dollars in new debt.

“Clearly, President Obama still does not understand that continuing to spend money we don’t have jeopardizes America’s chances of a stable and secure future.”

6 Comments

CWJensen
6:17 pm CST
February 13, 2012

REACT………………………………..all whining and NO ACTION.
What chance is there that JOHN WILL WRITE A LETTER?

Lon Jones
8:40 pm CST
February 13, 2012

I wish that once and for all time some body or bodies would put Hussein Obama (certified bastard) out of him and the misery that he has caused us.

F.R. Sr.
9:41 pm CST
February 13, 2012

Did anyone expect anything different? A bogus budget from a bogus prez.

CWJensen
1:13 pm CST
February 13, 2012

http://www.weeklystandard.com/blogs/painful-cost-obama_629745.html
The REAL COST…………………..UNBELIEVABLE BUT TRUE

J.
7:20 pm CST
February 13, 2012

The president would achieve $1.5 trillion of the deficit reductions in tax increases on the WEALTHY and by REMOVING certain corporate tax BREAKS. This makes sense, the wealthy need to do their part it’s only fair and square! Educated aware self before reaction/concurring or speculating on others lack of knowledge opinions, just saying! Read and do your research: http://www.whitehouse.gov/sites/default/files/omb/budget/fy2013/assets/budget.pdf

Radman
8:43 am CST
February 13, 2012

J.- “Life is hard, pilgrim… but it’s a lot harder if you’re STUPID!” — John Wayne. Stop blaming others for YOUR failure in life; and don’t expect the successful to pay for YOUR lack of knowledge and initiative. Take your own advice and do some SERIOUS reseach someplace other than whitehouse.gov. (Before you again flaunt your LACK of economic and language skills, you just might research CW’s link and even the economic projections from the nonpartisan CBO.)

BHO is back again proposing another budget that exceeds $1 trillion (his 4th in four years)…and that means increasing the debt ceiling AGAIN when the proposed budget cuts are comparatively miniscule. Here’s a little history “J” from the last increase…a classic display of Obama’s political hypocrisy.

Assuming that this agreement will be implemented exactly as intended, we will cut $2.2 trillion over 10 YEARS; but these cuts won’t begin for 2 more years…if at all. However, President Obama gets to continue borrowing more, $400 billion more initially! Now, to the average person, 2.2 with 11 zeroes behind it sounds like a hell-of-a-lot of cuts; and it is! However, the plan is to spread these cuts over 10 years; so that’s only $220 billion per year, starting in 2013. Unfortunately, the current interest (debt service) on our national debt totals ~$213 billion/yr; but that will go UP as we borrow more. Even without the permitted additional borrowing, simple math reveals that only $7 billion each year would be available to pay down the CURRENT debt of almost $14.5 trillion! At only $7 billion per year, it will require over 2,200 years just to pay off our existing debt. (By the end of Obama’s first and hopefully last term, the debt is projected to be $16.2 trillion; and that exceeds our gross domestic product (GDP).

During his 1st term, the president has executed a flawless 180-degree flip-flop with two hypocrtical twists, to wit:

“The fact that we are here today to debate raising America’s debt limit is a sign of leadership failure. It is a sign that the U. S. Government cannot pay its own bills. It is a sign that we now depend on ongoing financial assistance from foreign countries to finance our governments reckless fiscal policies. Increasing America’s debt weakens us domestically and internationally. Leadership means that the buck stops here. Instead, Washington is shifting the burden of bad choices today onto the backs of our children and grandchildren. America has a debt problem and a failure of leadership. America deserves better. – Senator Barack H. Obama, March 2006 (“J,” pay attention now: At the close of business Aug. 19, 2002, the total national debt was a “mere” $6.195 trillion; so, are you, the country and the next generations of Americans better off today as we approach an additional $10 trillion in debt in only 6 years?

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