By Jeffrey Folks, American Thinker

 Obama’s Budget shows his true colors

Obama’s fiscal 2011 budget, totaling $3.834 trillion, provides more than just details about revenues, expenditures, and deficits. It offers the clearest road map yet as to where the president intends to lead America. What that road map reveals is not very reassuring to those who care about limited government.

The most striking fact about the 2011 budget is its sheer size. A budget of $3.834 trillion is over $12,500 for every human being, or $50,000 per family, in the country. This level of spending is nearly equal to all of the wages collected by American workers in 2010. These numbers prove that the federal government has become a monstrous beast feeding off the lives of the citizenry.

The 2011 budget also reveals Obama’s thorough disdain for free-market capitalism. Given free rein, the Democratic administration would seize the profits of all public and private corporations, effectively nationalizing the economy in the way that Chávez has done in Venezuela. The 2011 budget actually goes a long way in this direction. Other than huge tax increases on individuals resulting from expiration of the Bush tax cuts, the largest increases in the Obama budget come from so-called reform of taxation on American corporations operating overseas. This, of course, includes nearly all large corporations. The annual tax increase would be $13.6 billion for this measure alone.

Read More:

Tags: Barack Obama, Budget, True Priorities

This entry was posted on Friday, February 5th, 2010 at 4:50 am and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.