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Thread: Obama Releases $3.4 Trillion Budget Plan

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    Obama Releases $3.4 Trillion Budget Plan

    Obama Releases $3.4 Trillion Budget Plan

    The Obama administration today unveiled details of a $3.4 trillion federal budget for the fiscal year beginning in October, a proposal that includes substantial increases for a number of domestic priorities as well as a plan to trim or eliminate 121 programs at a savings of $17 billion.

    In a statement delivered at the White House after the budget details were released, President Obama defended the cuts from critics on both sides -- those he said would fight to preserve the targeted programs and others who consider the reductions insignificant.

    "We can no longer afford to spend as if deficits don't matter and waste is not our problem," he said. "We can no longer afford to leave the hard choices for the next budget, the next administration -- or the next generation."
    Obama Releases $3.4 Trillion Budget Plan

    He said this with a straight face?

    The projected $1.7T deficit in this budget is 85% of the total spending in GWB's first budget, and 70% of the TOTAL deficits under GWB.

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    Re: Obama Releases $3.4 Trillion Budget Plan

    Quote Originally Posted by Goobieman View Post
    Obama Releases $3.4 Trillion Budget Plan

    He said this with a straight face?

    The projected $1.7T deficit in this budget is 85% of the total spending in GWB's first budget, and 70% of the TOTAL deficits under GWB.
    Didn't the Dems say that Bush created the worse economy is human history?
    "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)
    "Fly-over" country voted, and The Donald is now POTUS.

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    Re: Obama Releases $3.4 Trillion Budget Plan

    Quote Originally Posted by Goobieman View Post
    Obama Releases $3.4 Trillion Budget Plan

    He said this with a straight face?

    The projected $1.7T deficit in this budget is 85% of the total spending in GWB's first budget, and 70% of the TOTAL deficits under GWB.
    NOT to worry Goobie, he announced today that his staff has already found $10 million in savings!!!!! In addition, he is RE-INTRODUCING pay-as-you-go to the legislature.

    I have to laugh typing this stuff; he did all this with a straight face as well.

    Oh and it gets even better; he claims that they will CUT this $1.7 trillion deficit in HALF by the end of his first term!

    I guess they will save all this money by ensuring that ALL government vehicles tires are properly inflated.

    You just cannot fabricate the level of stupidity that has infested our Federal leadership these days.

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    Re: Obama Releases $3.4 Trillion Budget Plan

    Quote Originally Posted by Truth Detector View Post
    NOT to worry Goobie, he announced today that his staff has already found $10 million in savings!!!!! In addition, he is RE-INTRODUCING pay-as-you-go to the legislature.
    The story I posted said $17B, with the claims that $17B is NOTHING countered by the note that "I donít know about you, but where I come from, $17B is a lot of money."

    This is priceless.

    $17B isnt a reduction in spending, its a rouding error.

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    Re: Obama Releases $3.4 Trillion Budget Plan

    I thought Obama was bringing change. I don't call following in the footsteps of Bush spending, change. In fact Obama is far worse.
    "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)
    "Fly-over" country voted, and The Donald is now POTUS.

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    Re: Obama Releases $3.4 Trillion Budget Plan

    Quote Originally Posted by Goobieman View Post
    The story I posted said $17B, with the claims that $17B is NOTHING countered by the note that "I donít know about you, but where I come from, $17B is a lot of money."

    This is priceless.

    $17B isnt a reduction in spending, its a rouding error.
    My bad, on TV he was speaking of an additional $10 BILLION not million; still laughable.

    So let's do some math; $17 billion divided by $1.7 trillion equals savings of ONE percent. Change we can believe in.

    But alas, in his announcement of closing programs, he also announced new ones that make more sense; end result, NO savings and still millions of lost jobs and $1.8 trillion in deficits.

    The bottom line for this new change and transparency are the transparent efforts being made to avoid an HONEST debate regarding the amount of taxes that will have to be INCREASED to pay for this spending.

    Obama continues to avoid this REALITY and postpone it until someone finally slaps him back to reality with how much $1.8 trillion actually is.

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    Re: Obama Releases $3.4 Trillion Budget Plan

    It should be noted that while the Bush administration did not allocate funding within their budgets for the occupations of Iraq and Afghanistan, the Obama administration has (although I haven't reviewed this budget so I am not sure how much they have allocated).

    EDIT: I just checked the budget and the Department of Defense has been allocated $533.7 billion, which is like 1/6 of the total budget.
    Last edited by Khayembii Communique; 05-07-09 at 02:03 PM.

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    Re: Obama Releases $3.4 Trillion Budget Plan

    Quote Originally Posted by American View Post
    I thought Obama was bringing change. I don't call following in the footsteps of Bush spending, change. In fact Obama is far worse.
    Re: footsteps
    If Bush was walking, then The Obama is running.

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    Re: Obama Releases $3.4 Trillion Budget Plan

    So how many generations are screwed now? Mine has been for awhile so Im going to guess that my kids, my grandkids and great grandkids.
    Jackboots always come in matched pairs, a left boot and a right boot.

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    Re: Obama Releases $3.4 Trillion Budget Plan

    I have a pretty good feeling this spending coupled with the massive debt he is creating will be the primary cause of his downfall.

    His spending is ridiculous and will likely be used by politicians on both sides as an example of what they won't be doing. Or as something to compare their opponents spending to.
    Last edited by Triad; 05-07-09 at 02:07 PM.

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