Tuesday, February 14, 2012
Obama Budget & UR Children's Debt
"But all of you are here because you believe in yourselves, you believe in your ability, you believe in the future of this country. [And that's why I'm going to propose a budget that will increase our nation's debt by such an unseemly amount, it will suffocate you and your children and your children's children. Pretty much your entire legacy will be wiped out in red ink.]"
The first sentence was President Obama speaking to students at a northern Virginia community college yesterday as he released his 2013 budget. The follow-up sentence is what he should have added because that is exactly the consequence his policies would have, if enacted, on every college student in the audience.
Let's break out the calculator.
Obama's budget projects a $1.33 trillion deficit in 2012. If that number sounds familiar, it should. The deficit in 2011 was a similar $1.30 trillion, which comes in slightly higher than the $1.29 trillion deficit in 2010. But I guess we should all be thankful because each of those three numbers are well below the record-breaking $1.4 trillion deficit in 2009.
In other words, Obama has given this country not only the first-ever trillion dollar deficit; he's given us four straight years of them.
Not surprising, however.
While this administration blames "tax cuts for the rich" on our uneven balance sheet, the truth is that, under Obama, federal spending has spiked 27 percent.
—Jason Mattera
Oprah’s Tweet Lands Her In Hot Water With Nielsen - AllTwitter
Oprah’s Tweet Lands Her In Hot Water With Nielsen - AllTwitter
Her handlers lost control and now we see the real Oprah. Talent can't do everything when your an idiot!
LEFTWINGNUTS, DC KIDS, & REELECTION
At Hot Air, Allahpundit looks in Obama's budget for funding for the Washington, D.C., Opportunity Scholarship Program, a voucher program that allows 1,600 children to attend some of the best private schools in the country, including Sidwell Friends, the $32,000-per-year-plus-fees school that Obama's daughters attend:
He's intent on killing this program. Remember when he tried to kill it slowly back in 2009, promising to fund it until the current participants graduated high school and then to pull the plug? We're talking about something like $20 million in a budget of $3.8 trillion and somehow he can't scrape together the money for scholarships for poor kids to go to private school. When you can't get a few crumbs from a multitrillion-dollar pie, there must be a very, very important reason.
And there is. This is basically Keystone part II: Once again, some unfortunate Americans have ended up on the wrong side of a core left-wing constituency whom The One needs to help him get reelected.
O's BUDGET CUTS BOTH WAYS!
Rush Limbaugh finds one cut that Obama may come to regret:
Anyway, his budget increases spending, and there are only two areas where there are spending cuts in Obama's budget, which is DOA. It's a total fantasy. It isn't going anywhere. You wonder why he even put this thing out 'cause it's just gonna get slapped down. Even Democrats are slapping it down today. But the two areas where the Obama budget has real spending cuts are in defense and just found another cut, that's the postal service. Obama's budget proposes cutting back mail delivery to five days a week. You may think, "Big deal, Rush, that's not a big thing. Nobody gets real mail anyway." Wait a minute. That's not gonna be a very popular budget cut. How many Americans rely on government checks? How many of Obama's constituents rely on government checks? It's a big number.
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