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February 02, 2015

Obama Submits $4 Trillion Budget, Says He "Won't Accept" Budget That Doesn't Raise Spending

This f*cking guy.

President Obama said Monday he will reject any budget from Congress that doesnt boost spending on both defense and his own domestic priorities, saying the spending "sequesters" need to go.

"America cant afford being short-sighted and Im not going to allow it," the president said while speaking at the Homeland Security Department as he released his $4 trillion budget for fiscal 2016.

His budget calls for boosting discretionary spending by more than 6 percent, and raising taxes to pay for it.

The Wall Street Journal's news division, which is every bit as progressive as the New York Times, claims Obama's huge budget and increased taxes will, get this, "boost the middle class."

Yup. Just like his taxes on 529 educational funds.

WASHINGTON--President Barack Obama proposed a nearly $4 trillion budget package Monday aimed at improving the nation's infrastructure and boosting middle-class Americans, but with a cost of tax increases on businesses and the wealthy as well as an end to existing spending caps.

The budget, much of which Mr. Obama has detailed over the past month, makes a case for easing Washington's emphasis on deficit-reduction measures, given the strengthening economy. It makes no new effort to fix the swelling costs of Social Security and Medicare.

In a message to Congress that accompanied the budget release, Mr. Obama said his proposals were "practical, not partisan."

The proposed budget calls for $3.99 trillion in spending and $3.53 trillion in revenue, while running a $474 billion deficit in the fiscal year beginning Oct. 1.

The 2,000-page plan calls for an end to the automatic, across-the-board spending cuts that both parties agreed to four years ago, dismissing them as "mindless austerity" brought about through "manufactured crises."

The nation has changed. Ten years ago, a president proposing even higher spending after running up the debt to $18 trillion would be run out on a rail. Now many of our countrymen think this just might be a swell idea.

Note that Obama may feel emboldened by the success of the extreme left-wing winning on an anti-austerity, tax-and-spend platform in left-wing Greece.

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posted by Ace at 01:58 PM

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