By BRIAN M. RIEDL,Wall St. Journal
Obama throws some tax hikes into the budget mess
When he released his new budget proposal on February 1,President Barack Obama asserted that the government "simply cannot continue to spend as if deficits don’t have consequences;as if waste doesn’t matter;as if the hard-earned tax dollars of the American people can be treated like Monopoly money;as if we can ignore this challenge for another generation."[1]
Yet the President’s new budget does exactly that–raising taxes by $3 trillion and federal spending by $1.6 trillion over the next ten years. If enacted,this budget would increase the 2010 deficit to more than $1.5 trillion,and leave a deficit of more than $1 trillion even after an assumed return to peace and prosperity. Overall,the President’s budget would double the national debt over the next decade.
President Obama’s Budget
•Would permanently expand the federal government by 3 percent of gross domestic product (GDP) over 2007 pre-recession levels;
•Would raise taxes on all Americans by nearly $3 trillion over the next decade;
•Would raise taxes for 3.2 million small businesses and upper-income taxpayers by an average of $300,000 over the next decade;
•Would borrow 42 cents for each dollar spent in 2010;
•Would run a $1.6 trillion deficit in 2010–$143 billion higher than the recession-driven 2009 deficit;
•Would leave permanent deficits that top $1 trillion as late as 2020;
"This is a gangster government"as Michelle Bachmann told Congress.
IMPEACH OBAMA THE CHICAGO THUG GANGSTER.
http://www.impeachobamacampaign.com/
"This is a gangster government"as Michelle Bachmann told Congress.
IMPEACH OBAMA THE CHICAGO THUG GANGSTER.
http://www.impeachobamacampaign.com/
OBAMA and his wife with their gangster families and friends have used gangster-terrorism and bio-terrorism to steal and take over whatever they want. They ripped off my business,poisoned,drugged my friends,family and me. They are gangster-terrorists and bio-terrorists. They have committed unfathomably heinous crimes. The light of truth will shine on their crimes. Their downfall is nigh. These are very damaged people. They believe any criminal act is acceptable because they were victimized. The victimized have become the victimizers. They've destroyed this country. This time in America will go down as a time when gangster government,gangster corps and gangster families ruled America. The BO Whitehouse is a gangster house. And we thought Bush was bad. These guys pass him by miles. They traded off American truth and sovereignty to line their pockets and stroke their twisted egos. They have used Mossad techniques to deliver revenge to anyone they envy. They took a bunch of blacks out of Oakland and put them in high positions. Instead of leveling the playing field,they did the same thing white racists did. Too bad they're so ignorant. They could have taken a higher road,but wanted immediate self gratification because they're not evolved enough psychologically or morally. .