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HomeOff Topics News & Politics › Barack Hussein Obama schooling 140 republicans in their OWN HOUSE!!!
02-01-2010 03:02 PM  8 years agoPost 41
Texas1

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Tyler, Texas

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Obama unveils $3.83T budget with massive deficits
WASHINGTON – President Barack Obama sent Congress a $3.83 trillion budget on Monday that would pour more money into the fight against high unemployment, boost taxes on the wealthy and freeze spending for a wide swath of government programs.

The deficit for this year would surge to a record-breaking $1.56 trillion, topping last year's then unprecedented $1.41 trillion gap. The deficit would remain above $1 trillion in 2011 although the president proposed to institute a three-year budget freeze on a variety of programs outside of the military and homeland security as well as increasing taxes on energy producers and families making more than $250,000.

Echoing the pledge in his State of the Union address to make job creation his top priority, Obama put forward a budget that included a $100 billion jobs measure that would provide tax breaks to encourage businesses to boost hiring as well as increased government spending on infrastructure and energy projects. He called for fast congressional action to speed relief to millions left unemployed in the worst recession since the 1930s.

After a protracted battle on health care dominated his first year in office and led to a string of Democratic election defeats, the administration hopes its new budget will convince Americans the president is focused on fixing the economy.

Republicans complained about Obama's proposed tax increases and said the huge projected deficits showed he had failed to get government spending under control. But administration officials argued that Obama inherited a deficit that was already topping $1 trillion when he took office and given the severity of the downturn, the president had to spend billions of dollars stabilizing the financial system and jump-starting growth.

Obama's job proposals would push government spending in 2010 to $3.72 trillion, up 5.7 percent from last year. Obama's blueprint for the 2011 budget year, which begins Oct. 1, would increase spending further to $3.83 trillion, 3 percent higher than projected for this year.

Much of the spending surge over the past two years reflects the cost of the $787 billion economic stimulus measure that Congress passed in February 2009 to deal with the worst economic downturn since the Great Depression. The surge in the deficits reflects not only the increased spending but also a big drop in tax revenues, reflecting the 7.2 million people who have lost jobs since the recession began and weaker corporate tax receipts.

"Having steered the economy back from the brink of a depression, the administration is committed to moving the nation from a recession to recovery by sparking job creation to get millions of Americans back to work," the administration said in a statement accompanying its budget.

The administration's $100 billion proposed jobs measure would be lower than a $174 billion bill passed by the House in December but far higher than a measure that the Senate could take up as early as this week.

Obama's new budget attempts to navigate between the opposing goals of pulling the country out of a deep recession and getting control of runaway budget deficits.

On the anti-recession front, Obama's new budget proposed extending the popular Making Work Pay middle-class tax breaks of $400 per individual and $800 per couple through 2011. They were due to expire after this year. The budget also proposes making $250 payments to Social Security recipients to bolster their finances in a year when they are not receiving the normal cost-of-living boost to their benefit checks because of low inflation. Obama will also seek a $25 billion increase in payments to help recession-battered states.

In a bow to worries over the soaring deficits, the administration proposed a three-year freeze on spending beginning in 2011 for many domestic government agencies. It would save $250 billion over the next decade by following the spending freeze with caps that would keep increases after 2013 from rising faster than inflation.

Military, veterans, homeland security and big benefit programs such as Social Security and Medicare would not feel the pinch. Federal support for elementary and high school education would get a big increase as would the Pell Grant college tuition program which would see an increase of $17 billion to just under $35 billion, helping an additional 1 million students.

The administration said it was proposing the largest funding increase in the history of the Elementary and Secondary Education Act, a $3 billion increase to $28 billion plus an additional $1 billion if Congress agrees to some major changes in the law.

The administration would also provide an additional $1.35 billion for the president's Race to the Top challenge, a federal grant program in which 40 states are competing for $4 billion in education money included in last year's stimulus bill. Obama hailed the results of this effort in his State of the Union speech.

The New York Times reported Monday the administration was seeking a sweeping overhaul of the No Child Left Behind law that will call for broad changes in how schools are judged to be succeeding or failing.

In Obama's new budget, the Department of Homeland Security would get an additional $734 million to support the deployment of up to 1,000 advanced imaging airport screening machines and new baggage screening equipment to detect explosives. Those increases represented a response to the Christmas Day bombing attempt on an airliner landing in Detroit.

The president's budget seeks a $33 billion increase in a supplemental appropriation this year for the military and $159.3 billion in 2011 to support Obama's boost strategy to deal with the terrorist threat in Afghanistan and Pakistan.

NASA's mission to return astronauts to the moon would be grounded with the space agency instead getting an additional $5.9 billion over five years to encourage private companies to build, launch and operate their own spacecraft for the benefit of NASA and others. NASA would pay the private companies to carry U.S. astronauts.

Obama's budget repeats his recommendations for an overhaul of the nation's health care system even though prospects for passage of a final bill have darkened given the loss of a Democratic Senate seat in Massachusetts in a recent special election, depriving Obama's party of the votes needed to break a Republican filibuster.

Presidential press secretary Robert Gibbs insisted Sunday on CNN's "State of the Union" that the push for health care was "still inside the 5-yard line" but Senate Republican leader Mitch McConnell said the public was overwhelmingly against the bill and the administration should "put it on the shelf, go back and start over."

In addition to the freeze on discretionary nonsecurity spending, Obama is proposing to boost revenues by allowing the Bush administration tax cuts of 2001 and 2003 to expire at the end of this year for families making more than $250,000 annually, which the administration projects would raise $678 billion over the next decade. Tax relief for those less well-off would be extended.

The new Obama budget will also include a proposal to levy a fee on the country's biggest banks to raise an estimated $90 billion to recover losses from the government's $700 billion financial rescue fund. Those losses are expected to come not from the bank bailouts but from the support extended to General Motors and Chrysler and insurance giant American International Group as well as help provided to homeowners struggling to avoid foreclosures.

Also on the deficit front, the president has endorsed a pay-as-you-go proposal that passed the Senate last week. It would require any new tax cuts or entitlement spending increases to be paid for, and he has promised to create a commission to recommend by year's end ways to trim the deficits. Administration officials briefing reporters on Sunday declined to say when the commission would be appointed.

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02-01-2010 03:31 PM  8 years agoPost 42
OzarkCopterBum

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Arkansas Ozarks

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Hey, OCB...Why not?!...Everyone likes a cold one now and then...
You know they are cold when their face turns blue!
I guess you are because I sure do see and hear a lot about Bush from liberals - right from the very top in the whitehouse on down to VERY BOTTOM of the pits here on RR.
Like I said before. If Republicans don't want to hear about Bush and their failures then they should quit bringing them up and trying to pin them on someone else.

Repo man's got all day and all night! Lets go get a drink!

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02-01-2010 04:27 PM  8 years agoPost 43
SSN Pru

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Taxachusetts

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It would save $250 billion over the next decade by
Funny that we have a 1.4 trillion deficit this year a proposed 1.56 trillion deficit next year and BHO's plan to curb the HUGE deficit is a savings of .25 Trillion. I guess they can't do their math very well.

Also, I find it amusing that BHO is concentrating on job creation in his budget proposal and is only putting 100 billion towards it out a budget of 3,830 billion.

OCB,
If Democrats don't want to hear about BHO and their failures then they should quit bringing them up and trying to pin them on someone else.
The amount of irony spewing from your pie hole amazes me!

How often has BHO blamed someone else for a failure during his tenure?

Stupidity can be cured. Ignorance is for life!

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02-01-2010 04:43 PM  8 years agoPost 44
OzarkCopterBum

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Arkansas Ozarks

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The amount of irony spewing from your pie hole amazes me!

How often has BHO blamed someone else for a failure during his tenure?
I'm sure you will attempt to tell me.

I have a question for you too, when will republicans finally own up to the mistakes THEY made and quit shifting blame?

Its totally and completely ironic that they claim to have ALL the answers, yet they held the presidency for 8 and congress for 6. According to them its been all bread and roses.

Repo man's got all day and all night! Lets go get a drink!

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02-01-2010 05:17 PM  8 years agoPost 45
SSN Pru

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Taxachusetts

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I have a question for you too, when will republicans finally own up to the mistakes THEY made and quit shifting blame?
I can't answer for republicans, you see, because I am not one.

Stupidity can be cured. Ignorance is for life!

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02-01-2010 05:32 PM  8 years agoPost 46
OzarkCopterBum

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Arkansas Ozarks

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I can't answer for republicans, you see, because I am not one.
You just vote with them and support their candidates IE: Scott Brown??

Repo man's got all day and all night! Lets go get a drink!

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02-01-2010 05:41 PM  8 years agoPost 47
SSN Pru

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Taxachusetts

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Scott Brown was far and above a better candidate than Martha Coakley.

I don't vote along party lines, as you insinuate. I vote for the best person to do the job.

Stupidity can be cured. Ignorance is for life!

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02-01-2010 06:21 PM  8 years agoPost 48
OzarkCopterBum

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Arkansas Ozarks

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I don't vote along party lines, as you insinuate.
Asking questions is insinuating?

Repo man's got all day and all night! Lets go get a drink!

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02-01-2010 06:32 PM  8 years agoPost 49
bwellmaker

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Long Island

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Its all Bush's Fault

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02-01-2010 06:43 PM  8 years agoPost 50
Texas1

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Tyler, Texas

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02-01-2010 07:05 PM  8 years agoPost 51
OzarkCopterBum

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Arkansas Ozarks

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Its all Bush's Fault
No, actually Bush left the country at the peak of prosperity. Got a cute graphic for that??

Repo man's got all day and all night! Lets go get a drink!

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02-01-2010 07:33 PM  8 years agoPost 52
SSN Pru

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Taxachusetts

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you wouldn't be asking the question as you asked it if you weren't thinking that I vote along party lines.

Stupidity can be cured. Ignorance is for life!

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02-01-2010 10:35 PM  8 years agoPost 53
Mike0251

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Hills of the Blue Ridge VA

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02-02-2010 03:58 PM  8 years agoPost 54
OzarkCopterBum

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Arkansas Ozarks

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Speaking of voting party lines. Pay as you go. 60 to 40.

Not ONE republican voted to slow down congressional spending even though enough reps had voted for it previously to pass it this time.

Grand
Obstructionist
Party

Repo man's got all day and all night! Lets go get a drink!

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02-02-2010 05:45 PM  8 years agoPost 55
SSN Pru

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Taxachusetts

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I'd have to agree with you OCB. They appear to be voting along party lines and against any legislation. You don't like the GOP's vote along party lines, however, you don't seem to care that the dems are doing the same thing?

Consider this. Healthcare won't pass as one HUGE bill so they are gonig to break it up and sneak it into other bills and pass it piecemeal...

all under our noses!

Political parties need to be abolished. I don't need to know what party anyone belongs to as long as I know what their beliefs are.

Politicians, once elected, server their party first and the American voter second.

Stupidity can be cured. Ignorance is for life!

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02-02-2010 06:19 PM  8 years agoPost 56
OzarkCopterBum

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I'd have to agree with you OCB. They appear to be voting along party lines and against any legislation. You don't like the GOP's vote along party lines, however, you don't seem to care that the dems are doing the same thing?
If the vote is along party lines and is something that party believes and stands for, then by all means, vote for what you think is right.

In the case of PayGo? Here we have the supposed "fiscal conservatives" blocking legislation for fiscal conservancy. What motivation would a party have for voting against ideals that they supposedly hold as their core principal.

Also as I showed before, they may try to claim to be the fiscal conservatives, but historically, that proves to be quite the opposite. They only appear to whine about spending when someone else controls the till and throw it around like drunken sailors when they do.

Repo man's got all day and all night! Lets go get a drink!

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02-02-2010 06:42 PM  8 years agoPost 57
SSN Pru

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Taxachusetts

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I'd bet money that there was wording in the PayGo bill not specific to PayGo that he GOP didn't like. I wouldn't put it past the Dem's to have purposefully inserted it with the hopes of provoking the GOP into doing exactly what they did to make them look foolish.

Edit:

It appears that a key tenet of the PayGo legislation is that any new legislation has to be budget neutral. There are two ways to make legislation budget neutral. One is to take money away from some other program. We all know that won't happen. The next way is to collect more money via increased/new taxes of some sort.

It would also appear the the legislation didn't restrict discretionary spending.

http://en.wikipedia.org/wiki/PAYGO
Deficits, though, returned by the last year PAYGO was in effect: There was a "return to deficits ($158 billion, 1.5% of GDP) in 2002" [3]

Beginning in 1998, in response to the first federal budget surplus since 1969, Congress started enacting, and the President signing, increases in discretionary spending above the statutory limit using creative means such as advance appropriations, delays in making obligations and payments, emergency designations, and specific directives.
It looks like Congress found ways around their own spending controls via creative means.

THAT is why the GOP voted unanimously against it as I see it.

Stupidity can be cured. Ignorance is for life!

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02-02-2010 08:10 PM  8 years agoPost 58
OzarkCopterBum

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THAT is why the GOP voted unanimously against it as I see it.
I laughed long and hard at that. You say you are independent but you talk like a republican apologist.

At least I can admit who's side I'm on!!!

Repo man's got all day and all night! Lets go get a drink!

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02-02-2010 08:27 PM  8 years agoPost 59
Havoc

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Ky.

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At least I can admit who's side I'm on!!!
The Washington Generals?

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02-02-2010 09:42 PM  8 years agoPost 60
baddynergy

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sierra madre, ca- usa

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At least I can admit who's side I'm on!!!
And that my friends is the real reason this country is the way it is. Instead of sides and pissing contests, lets try working together and get this shiot fixed. Neither side is correct, the answer lies in the middle..

Remember, there are 2 truths to every situation depending on which side of the fence your on.

My personal opinion, this country is too big for one man to do it all(especially when they have no concept of how to run a business). We need a new way. Perhaps One man to be head of the social aspect and another to head the financial aspect.

**Unattended children will be givin a shot of espresso and a puppy**

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HomeOff Topics News & Politics › Barack Hussein Obama schooling 140 republicans in their OWN HOUSE!!!
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