The President’s life after the White House should be very long and filled with good health and happiness–it should also start as quickly as possible. Having no idea what he wishes for his post-presidency occupation I feel compelled to pass this warning along. Do not under any circumstances buy a used car from this man.
According to the White House:
The President’s 2013 Budget is built around the idea that our country does best when everyone gets a fair shot, does their fair share, and plays by the same rules. We must transform our economy from one focused on speculating, spending, and borrowing to one constructed on the solid foundation of educating, innovating, and building. That begins with putting the Nation on a path to living within our means – by cutting wasteful spending, asking all Americans to shoulder their fair share, and making tough choices on some things we cannot afford, while keeping the investments we need to grow the economy and create jobs. The Budget targets scarce federal resources to the areas critical to growing the economy and restoring middle-class security: education and skills for American workers, innovation and research and development, clean energy, and infrastructure.
Sadly he is lying. Today President Obama presented a budget that doubled down on the class warfare strategy which he has been pushing the past few months, grows the size of the federal budget and increases our already burdensome national debt–all of it through trickery and subterfuge. Under this budget all Americans will be subject to the strain of a government drowning in debt and desperately trying to stay afloat by stealing from our grand children.
While the president claims this puts us on our way to “living within our means, nothing can be further from the truth. For example, it increases total spending from $3.8 trillion in fiscal 2013 to $5.8 in fiscal 2022. It lays out a plan that spends $47 trillion over the next ten years. Much of the savings outlined by the President are totally bogus, and it adds almost two trillion dollars in taxes which will serve to depress rather than stimulate the economy.
The plan repeals the Bush tax cuts, but only on the wealthy. Then it institutes the “Buffet rule” that no household with an income over $1 million pays less than 30 percent in taxes. Interestingly this tax increase is named after a guy whose business owes the IRS one billion dollars in back taxes.
On top of that will be re-institution of the death taxes” taking already taxed money that parents work hard to leave to their children–and redistributing the income.
Don’t expect those taxes to cut the national debt. So far, president Obama is protected to increase the national debt by $6.4 trillion during his first (and God willing last) four years in office. According to CBS GW Bush added $4.9 trillion to the debt in eight years, which means Obama took half the time to increase our burden by over 30%. Who says the man accomplished nothing.
Here’s a fun thought. Imagine the bank tells you if you want a mortgage you need to cut spending. So you tell them you did cut spending because you thought about buying a Rolls Royce and but didn’t. That’s what Obama did in this budget–he outlined $1 trillion in “savings” from the wars in Iraq and Afghanistan, the problem is the money was never requested or budgetet.
By failing to put forward long-overdue reforms, his budget allows Social Security to fall into bankruptcy (imposing an across-the-board 23 percent cut on seniors) and gives unaccountable government bureaucrats control over cutting Medicare in ways that would result in denied care for seniors. No credible action is taken to lift the crushing burden of debt. This President’s empty promises are quickly becoming broken promises for millions of Americans.
And to add to the irresponsibility of this budget, Obama’s plan refuses to address the growing entitlement problems which is driving the deficit.
According to this President his latest budget submission is a blueprint for how we can rebuild an economy where hard work pays off and responsibility is rewarded. In actuality it is a blueprint for slowing down the economy, punishing success and making our children and grandchildren deeply indebted to China and other lending nations. It paints an awful picture for America’s future.