[Feflyinvelf]

No surprise here, no cuts, just a freeze on already bloated spending equates to a 1.65 trillion deficit for 2012, he's really cutting back. He hires a debt commission and ignores everything they suggested. This is real leadership.


WASHINGTON – 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.

Jacob Lew, Obama's budget director, said that the president's spending proposal was a balanced package of spending cuts and "shared sacrifice" that would bring the deficits under control. Appearing on ABC's "Good Morning America," Lew said that Obama's budget would "stand the test that we live within our means and we invest in the future."

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 unveils $3.73 trillion budget for 2012 - Yahoo! News

[EvaQWmrm]

D o a.

[Feflyinvelf]

D o a.

I agree, and the GOP is our only hope of stopping Obama and his bloated spending habit. Liberals think there is an endless supply of money and thus spending at any level is just fine.

[EvaQWmrm]

What really needs to be defeated is the belief that its is within any governments power to even out the effect of free will.

[GarryPaterson]

Forty cents of every dollar spent is borrowed.

Bush, over 8 years, overspent by 2 trillion dollars. Obama overspends this year alone by $1.65 trillion. This is on top of the 2.968 trillion Obama has already overspent... this totals to 4.6 trillion in three years.

That 4.6 trillion is almost 1/3 of the total debt owed by the nation.

4.6 trillion... 1/3 of the total debt owed... only three years.

These are the facts and they are in the Obama budget documents and they are beyond any reasonable or rational dispute.

We cannot afford this... this nation cannot afford 4 more years of Obama.

[Nwxffgke]

Forty cents of every dollar spent is borrowed.

Bush, over 8 years, overspent by 2 trillion dollars. Obama overspends this year alone by $1.65 trillion. This is on top of the 2.968 trillion Obama has already overspent... this totals to 4.6 trillion in three years.

That 4.6 trillion is almost 1/3 of the total debt owed by the nation.

4.6 trillion... 1/3 of the total debt owed... only three years.

These are the facts and they are in the Obama budget documents and they are beyond any reasonable or rational dispute.

We cannot afford this... this nation cannot afford 4 more years of Obama.

Btw, This is all Bush's Fault..

(i just wanted to add that before the liberal progressives had the chance...)

[wentscat]

And just to be fair, Congress isnt doing any better, neither party. Well, house republicans are doing a little better, but not much. Theyve been righfully citicized, and now its Obamas turn. However they accomplish this, there are 4 things that have to be done:

1. Cut entitlements in half
2. replace the tax system with one that is more broad and flat
3. cut discretionary spending in half
4. pay off the debt to reduce interest payments

The first step in this is firing everyone in congress and the white house that does not agree. Firing anyone in the political parties who do not agree would also be good.

[EvaQWmrm]

And just to be fair, Congress isnt doing any better, neither party. Well, house republicans are doing a little better, but not much. Theyve been righfully citicized, and now its Obamas turn. However they accomplish this, there are 4 things that have to be done:

1. Cut entitlements in half
2. replace the tax system with one that is more broad and flat
3. cut discretionary spending in half
4. pay off the debt to reduce interest payments

The first step in this is firing everyone in congress and the white house that does not agree. Firing anyone in the political parties who do not agree would also be good.

5. replace 90% of non-military government workforce with conscripted civil servants
6. force the states to do the same

[Feflyinvelf]

Btw, This is all Bush's Fault..

(i just wanted to add that before the liberal progressives had the chance...)

Yeah, but now the liberals love borrowing and spending.

[wentscat]

5. replace 90% of non-military government workforce with conscripted civil servants
6. force the states to do the same

Consctipted meaning force people to work for the govt?

[Feflyinvelf]

Forty cents of every dollar spent is borrowed.

Bush, over 8 years, overspent by 2 trillion dollars. Obama overspends this year alone by $1.65 trillion. This is on top of the 2.968 trillion Obama has already overspent... this totals to 4.6 trillion in three years.

That 4.6 trillion is almost 1/3 of the total debt owed by the nation.

4.6 trillion... 1/3 of the total debt owed... only three years.

These are the facts and they are in the Obama budget documents and they are beyond any reasonable or rational dispute.

We cannot afford this... this nation cannot afford 4 more years of Obama.

We can't afford another minute of Obama, the way he is running up our national debt is insane.

[wentscat]

One thing I really hate about the spin on this is that he claims to be cutting spending, yet spending remains the same or goes up. This is because for every program he cuts he proposes 5 new programs. And he claims 10 year savings, when we know he wont be President in 10 years or even 2, and the circumstance will change in 1. And the media goes right along with it.

[EvaQWmrm]

Consctipted meaning force people to work for the govt?

I didn't consult Webster, but I believe that is the definition.

[wentscat]

I didn't consult Webster, but I believe that is the definition.

From criminals? I guess I need you to expand on this as I dont get it.

[wentscat]

D o a.

I wish we had a Gingrich style House leader right now who could tell Obama this. "Mr President, your budget is a joke." And then throw a copy of it in the trash. We need to pass a Balanced Budget Amendendment, today, right now, before we do anything else.

[Idorsearogele]

Forty cents of every dollar spent is borrowed.

Bush, over 8 years, overspent by 2 trillion dollars. Obama overspends this year alone by $1.65 trillion. This is on top of the 2.968 trillion Obama has already overspent... this totals to 4.6 trillion in three years.

You're way off on bush's numbers. Maybe Obama's mistake was he hired you to do his budget math?

Btw, This is all Bush's Fault..

(i just wanted to add that before the liberal progressives had the chance...)

Bush certainly didn't help solve the problem (note where the curve really takes off again in 2000), although he was far from the first to start it. It actually started with Reagan who managed to convince the country that deficits don't matter. Bush seemed to take that idea and have an orgasm with it, and Obama is at least convincing people that deficits DO matter. So which is it conservatives? Do deficits matter or don't they?

Reagan tripled the debt under his watch, perhaps conservatives can explain to my why they're upset that Obama seems set to triple the debt under a similar timeframe? And please stay away from double standard logic.

[EvaQWmrm]

From criminals? I guess I need you to expand on this as I dont get it.

I propose that the Selective Service System be used to select recent high school graduates for national guard training, after which they shall serve in non-skilled government labor positions for a period of 2 years.

[EvaQWmrm]

I wish we had a Gingrich style House leader right now who could tell Obama this. "Mr President, your budget is a joke." And then throw a copy of it in the trash. We need to pass a Balanced Budget Amendendment, today, right now, before we do anything else.

Well there is a freshmen Democratic Senator from West Virginia who was elected by shooting a hole in the Cap and Tax Bill.

[GarryPaterson]

You're way off on bush's numbers. Maybe Obama's mistake was he hired you to do his budget math?

No, I'm not.

The Bush budget years… (url= http://www.whitehouse.gov/omb/budget/Historicals/] All numbers from here Table 1.1[/url])

2001 1,991,142 1,862,906 128,236
2002 1,853,149 2,010,907 -157,758
2003 1,782,321 2,159,906 -377,585
2004 1,880,126 2,292,853 -412,727
2005 2,153,625 2,471,971 -318,346
2006 2,406,876 2,655,057 -248,181
2007 2,568,001 2,728,702 -160,701
2008 2,523,999 2,982,554 -458,555

The most Bush spent… including both wars was 2.73 trillion in 2007
The total deficit, run under Bush adding to the national debt 8 years was 2 trillion


2010 United States federal budget - Wikipedia, the free encyclopedia

[Idorsearogele]

No, I'm not.

The Bush budget years… (url= http://www.whitehouse.gov/omb/budget/Historicals/] All numbers from here Table 1.1[/url])

2001 1,991,142 1,862,906 128,236
2002 1,853,149 2,010,907 -157,758
2003 1,782,321 2,159,906 -377,585
2004 1,880,126 2,292,853 -412,727
2005 2,153,625 2,471,971 -318,346
2006 2,406,876 2,655,057 -248,181
2007 2,568,001 2,728,702 -160,701
2008 2,523,999 2,982,554 -458,555

The most Bush spent… including both wars was 2.73 trillion in 2007
The total deficit, run under Bush adding to the national debt 8 years was 2 trillion


2010 United States federal budget - Wikipedia, the free encyclopedia

Hmm, that's probably cherry picking some aspect of the situation, possibly even the wars which weren't included in bush's budget. It CERTAINLY doesn't include the FY2009 budget which was effectively bush's and included a trillion or so in extra deficit. Remember, the gov't likes to pull tricks like not including wars in the budget and not counting the complete debt, instead focusing on the public portion of the debt.

Bush Administration Adds $4 Trillion To National Debt - Couric & Co. - CBS News
On the day President Bush took office, the national debt stood at $5.727 trillion. The latest number from the Treasury Department shows the national debt now stands at more than $9.849 trillion. That's a 71.9 percent increase on Mr. Bush's watch.