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Thread: Obama's First Budget Seeks To Trim Deficit

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    Obama's First Budget Seeks To Trim Deficit


    Obama's First Budget Seeks To Trim Deficit



    Obama Targets Budget Deficit


    President Obama is putting the finishing touches on an ambitious first budget that seeks to cut the federal deficit in half over the next four years, primarily by raising taxes on businesses and the wealthy and by slashing spending on the wars in Iraq and Afghanistan, administration officials said.



    Several points here...

    1. cutting funding in the middle of a war? Is this the "Scaple" he was talking about.

    2. raising taxes on business in the middle of a recession? Is this the smartest thing to do?

    3. In the article it talks about how Obama will end the temporary tax cuts. Read between the line people, that will be a net tax raise for EVERYONE.



    discuss.
    Last edited by ReverendHellh0und; 02-22-09 at 08:29 AM.
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    Re: Obama's First Budget Seeks To Trim Deficit

    YouTube - funny silly giggle hysterical evil laughter

    I guess the stimulus package doesn't count.
    "He who does not think himself worth saving from poverty and ignorance by his own efforts, will hardly be thought worth the efforts of anybody else." -- Frederick Douglass, Self-Made Men (1872)
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    Re: Obama's First Budget Seeks To Trim Deficit

    Hmm... I guess this is a non issue.....
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    Re: Obama's First Budget Seeks To Trim Deficit

    Quote Originally Posted by Reverend_Hellh0und View Post
    Several points here...

    1. cutting funding in the middle of a war? Is this the "Scaple" he was talking about.

    2. raising taxes on business in the middle of a recession? Is this the smartest thing to do?

    3. In the article it talks about how Obama will end the temporary tax cuts. Read between the line people, that will be a net tax raise for EVERYONE.



    discuss.
    1. Nobody got to know much of anything about Obama except that he leaned hard left.

    A leftist in control means the military will be cut. It's their MO. Clinton let the military fester. They were cannibalizing equipment to keep others running. They didn't have enough ammo in Haiti... Haiti!

    Clinton's Defense Budget Weakens Nation's Insurance Against Disaster
    3/5/93 189

    CLINTON'S DEFENSE BUDGET WEAKENS NATION'S INSURANCE AGAINST DISASTER

    (Updating Heritage Foundation Memo to President-Elect Clinton No. 4, "A Plan for Preserving America's Military Strength," December 28, 1992.) When Bill Clinton's budget figures for his February 17 State of the Union Address were released by the White House, they showed a far larger reduction. ibn the defense budget than the $60 billion he proposed during the presidential campaign. Clinton now wants to slash the defense budget by over $120 billion
    GAO Report, Echoing Heritage Warnings, Says Clinton Military Force Is Not Enough

    February 27, 199 5 GAO REPORT, ECHOING HERITAGE WARNINGS, SAYS CLINTON MILITARY FORCE IS NOT ENOUGH

    Baker Spring Senior Policy Analyst To paraphrase a well-known radio talk show host and author: See, we told you so.' When the Clinton Administration concluded a months-long study of defense policy in September 1993, it de- clared that it was prepared to build and fund a military force capable of addressing two major regional conflicts (MRCs), such as Operation Desert Storm, "nearly simultaneously." Just three weeks following the release of the Administration study, called the "Bottom-Up Review," The Heri- tage Foundation warned of two major shortcomings: 1) the force proposed by the Bottom-Up Review was going to cost far more than what the Administration proposed for the defense budget, and 2 2) the capabilities of the proposed force were exaggerated .
    The BOLD is laughable. The Democrats complained we don't have the military to fight on two fronts, but Clinton said we would.

    Points 1 and 2 were spot on... in forecasting the reality.

    2. No.

    When Obama was asked about Cap Gains he reveals what the tax code means to him... punishment. He believes in "Fairness" even though it reduces government revenues.

    YouTube - Obama: Raise Taxes, Capital Gains - "For Purposes of Fairness"

    3. He is a Marxist.
    Tax increases for fairness is in his DNA.
    Listening to him talk about taxes is pretty funny, and what will be funnier is how he is going to burden so many that voted for him.

    Then again, what do libs care, they've proven to be the most adept and brazen tax dodgers out there. They are found at the top of the party, and not only at the top, but the pinnacle... they actually offer these folks cabinet positions.
    Last edited by zimmer; 02-23-09 at 11:43 AM.
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    when you have NO MORAL COMPASS.

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    Re: Obama's First Budget Seeks To Trim Deficit

    Quote Originally Posted by Reverend_Hellh0und View Post
    Several points here...

    1. cutting funding in the middle of a war? Is this the "Scaple" he was talking about.

    2. raising taxes on business in the middle of a recession? Is this the smartest thing to do?

    3. In the article it talks about how Obama will end the temporary tax cuts. Read between the line people, that will be a net tax raise for EVERYONE.

    discuss.
    The naiveté' is beyond the pale when it comes to this empty headed Liberals mental state.

    So what Government waste does this child like President think he is going to cut? What is the BIGGEST cost of Government? That's right, WAGES and BENEFITS.

    How much does he honestly think he will save in Iraq while ramping up the efforts in Afghanistan? The military is not going to disappear, just the costs to be in Iraq. You will still have costs associated with it and the savings again will be nominal.

    How much can he save by gutting the military? Well, he can do like Clinton did and close bases and cut the number of service people; but then you will have MORE unemployment.

    The circle of stupidity will come full circle in a matter of months when REALITY hit's the perpetual candidate who never managed anything more than his personal budget and activist past.

    The level of ignorance it takes to make such claims is profound and stunning. Meanwhile, every time Obama or someone from his administration opens their mouths, the stock market drops. But hey, what the hell, Obama's people told us what they think of us; we're a nation of cowards.

    Truth be told, we're a nation of ignoramuses for putting these economically challenged morons in charge so they can destroy what is left of our economy.

    So let’s summarize the numbers; $700 billion to bail out the financial markets – NO funding debate – so far, no results; $45 billion to auto manufacturers – NO funding debate – results so far, the auto manufacturers are coming back for MORE; $785 billion in a spending package – NO funding debate – too early to tell what results it will have other than the stock market is tanking; $275 billion being proposed to bail out the mortgage industry; deficit carry over from 2008 was about $495 billion – NO funding debate.

    If my math is right, so far we have watched this Democrat Congress pass $1.53 trillion, add to this the previous deficit we get $2.025 trillion and if we add the mortgage proposal it comes to $2.3 trillion. Now if we add the interest to this new unfunded debt, we are probably talking in the neighborhood of $2.5 trillion.

    Now for the REAL disaster that no one wants to talk about; the unfunded obligations of Social Security and Medicare which are expected to be out of funds by the year 2010 to 2015.

    But not to worry, Obama thinks he will cut all this deficit spending in half by cutting waste in Government (where have we heard this before?), pulling us out of Iraq and by allowing the Bush tax cuts expire.

    I’m sorry, but even being an optimist about our ability to get through tough times, if this continues, I am truly frightened about the future of this great nation. We are headed for the greatest financial crises and potential bankruptcy of the Federal Government we have ever seen. And what is the Liberals response to this insanity – George Bush did it and we won!

    Well America, you get what you voted for. For those of you who thought Obama was a moderate, this should remove all doubts; he is an idiot.

    Carry on!
    Last edited by Truth Detector; 02-23-09 at 12:21 PM.

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    Re: Obama's First Budget Seeks To Trim Deficit

    I think I'm going to trim my budget and get rid of my debt too.

    So, I suppose I should get started and go buy that 27' boat and that Harley Davidson I always wanted.

    It's GREAT to be me. --- "45% liberal/55% conservative"
    Diplomacy is the art of saying 'nice doggy" until you can find a gun.

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    Re: Obama's First Budget Seeks To Trim Deficit

    Quote Originally Posted by Captain America View Post
    I think I'm going to trim my budget and get rid of my debt too.

    So, I suppose I should get started and go buy that 27' boat and that Harley Davidson I always wanted.
    Why stop there? Be Obamaesk and go for the vacation home and 700 series BMW; after all, it is ONLY money.

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    Re: Obama's First Budget Seeks To Trim Deficit

    Quote Originally Posted by Truth Detector View Post
    Why stop there? Be Obamaesk and go for the vacation home and 700 series BMW; after all, it is ONLY money.
    Tru dat. All these years I thought that saving money and cutting expenses was the way to get outta debt.

    If I would have squandered all my duckies years ago, I would have been rich by now.


    It's GREAT to be me. --- "45% liberal/55% conservative"
    Diplomacy is the art of saying 'nice doggy" until you can find a gun.

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