Obama sends Congress $3.77 trillion spending plan

[Nova78]

Obama sends Congress $3.77 trillion spending plan | US National Headlines | Comcast

President Barack Obama is sending Congress a $3.77 trillion spending blueprint that seeks to achieve an elusive "grand bargain" to tame runaway deficits by raising taxes further on the wealthy and trimming popular benefit programs such as Social Security.

The president's proposal being unveiled Wednesday includes an additional $1.8 trillion in deficit reduction over the next decade, bringing total deficit savings to $4.3 trillion, based on the administration's calculations.

The president also is proposing establishment of program to offer preschool to all 4-year-olds from low- and moderate-income families, with the money to support the effort coming from increased taxes on tobacco products.
The administration said its proposals to increase spending would not increase the deficit but rather are paid for either by increasing taxes or making deeper cuts to other programs.

So if you read between the lines ,Obama wants all you tobacco smokers to pay for free babysitting for illegals so they can be freed up to take your job ......

 

[TakeAStepBack]

The best part is this was located under "entertainment" in my newsfeed.

 

[waltky]

Granny says, "Dat's right - Obama ain't never gonna get us outta debt...

OMB: Obama Will Become First President to Spend $4T in One Year
April 10, 2013 - In the historical tables it released along with President Barack Obama's fiscal 2014 budget proposal this morning, the White House Office of Management and Budget revealed that in fiscal 2016, under the president's budget proposal, it expects Obama to become the first president in the nation's history to preside over a federal government that spends more than $4 trillion in one year.

The OMB's historical tables also reveal that the White House does not expect this administration to ever run an annual deficit as low as $458.5 billion, which was the deficit the government ran in fiscal 2008, the last fiscal year completed before Obama took office. According to OMB's tables, the federal government would spend$3.7778 trillion in fiscal 2014 under Obama's budget proposal. It would then spend $3.9801 trillion in fiscal 2015; $4.0898 trillion in fiscal 2016; and $4.2474 trillion in fiscal 2017.

Obama will leave office on Jan. 20, 2017, about four months into fiscal 2017. In fiscal 2007, according to the OMB's tables, the federal government ran a deficit of $160.7 billion. In fiscal 2008, that climbed to $458.5 billion. President Obama took office on Jan. 20, 2009, about four months into fiscal 2009. A Congress in which Obama sat had already enacted the $700 billion Troubled Asset Relief Program to bailout the financial industry. But, during the first month of Obama's first term, he signed an $830 billion stimulus bill.

In fiscal 2009, the government ended up running a deficit of $1.4126 trillion. In fiscal 2010, it ran a deficit of $1.2943 trillion; in fiscal 2011, it ran a deficit of $1.2995 trillion; in fiscal 2012, it ran a deficit of $1.0869 trillion; and, in fiscal 2013, OMB projects a $972.9 billion deficit. The OMB does not project that the budget will ever balance under President Obama's budget proposal.

OMB: Obama Will Become First President to Spend $4T in One Year | CNS News

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Obama’s View of Federal Power ‘Knows Virtually No Bounds’
April 10, 2013 - Sen. Ted Cruz (R-Texas) released a report documenting attempted abuses of federal power by the Obama administration on Tuesday, saying the administration “knows virtually no bounds.”

Cruz points to Obama’s own Supreme Court appointees, Elena Kagan and Sonia Sotomayor, to make his case: "When President Obama’s own Supreme Court nominees join their colleagues in unanimously rejecting the Administration’s call for broader federal power six times in just over one year, the inescapable conclusion is that the Obama Administration’s view of federal power knows virtually no bounds,” the senator’s report said. The Obama administration’s over-reaching includes attempts to electronically track Americans without cause and deny churches the right to choose their own ministers.

Cruz, the ranking member of the Senate Judiciary Subcommittee on The Constitution, Civil Rights and Human Rights, said the cases “demonstrate an astonishing view of federal power on behalf of the Obama Administration.” “If the Department of Justice had won these cases, the federal government would be able to electronically track all of our movements, fine us without a fair hearing, dictate who churches choose as ministers, displace state laws based on the President’s whims, bring debilitating lawsuits against individuals based on events that occurred years ago, and destroy a person’s private property without just compensation,” he said. “Luckily, we do not have to live in that America,” Cruz added. In one case, Hosanna-Tabor Evangelical Lutheran Church & School v. EEOC, the Justice Department argued it “had the right to oversee a church’s choosing of ministers,” which even Supreme Court Justice Elena Kagan called “amazing.”

Cruz highlights one exchange between Kagan and Leondra Kruger, a DOJ lawyer, in which Kagan asked, “Do you believe, Ms. Kruger, that a church has a right that’s grounded in the Free Exercise Clause and/or the Establishment Clause to institutional autonomy with respect to its employees?” “We don’t see that line of church autonomy principles in the Religious Clause jurisprudence as such,” Kruger said. Kagan, who served as Solicitor General under Obama, said it was “amazing” that DOJ believed that “neither the Free Exercise Clause nor the Establishment Clause has anything to say about a church’s relationship with its own employees.” The court went on to unanimously reject the DOJ’s claim, saying, “We cannot accept the remarkable view that the Religion Clauses have nothing to say about a religious organization's freedom to select its own ministers.”

In another case, United States v. Jones, the DOJ argued that the federal government could attach a GPS system to a car without cause, despite the Fourth Amendment’s restrictions on unreasonable searches and seizures. The DOJ said it did not constitute a search because a “GPS system is already in public view and a person should not expect it to be private.” The court again unanimously rejected its claim. “The Obama Administration, through its Department of Justice, has repeatedly advocated a radical theory of sweeping federal power,” the report says. Cruz said he will continue to document cases “as long as this Administration continues seeking ways to expand its power in direct violation of Americans’ constitutional rights.”

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Obama Calls for 'Hard Work to Be Rewarded,' but Budget Proposal Caps Retirement Savings
April 10, 2013 – President Barack Obama talked again in the Rose Garden Wednesday about making work pay off, even as his $3.77 trillion budget proposal calls for capping how much money high-earning individuals can place in tax-deferred retirement savings.

“To make sure hard work is rewarded we’ll build new ladders of opportunity for the middle class for anybody who is willing to work hard to climb it,” Obama said, speaking of one part of his tax and spending plan. “So we’ll partner with 20 of our communities hit hardest by recession to help them improve housing and education and business investments, and we should make the minimum wage so that no one who works full time should raise their family in poverty.” The budget proposal, released Wednesday, spends more than either the $3.71 trillion Democratic Senate budget plan or the $3.53 trillion House Republican plan. The Obama proposal also includes a $580 billion tax increase and a change to indexing the growth of entitlement programs. The Obama budget proposal sets limits of $3 million on the amount of money that can be placed in tax-deferred individual retirement accounts (IRAs).

Gene Sperling, director of the White House National Economic Council, said the administration sees no justification for giving tax incentives for the wealthy. “There isn’t a lot of justification, if any, for why you would be giving those tax incentives for someone who was able to account for over $3 million in an IRA where most people are putting in a few thousand a year,” Sperling told reporters Wednesday. “So what the budget does is it says that once you have an amount sufficient to finance an annuity of $205,000 a year, then anything above that you should not get the deferral of taxes on. You should not get tax exempt treatment on. Right now, in 2013, that amount comes to $3 million. When you think of things we ought to do at a time we’re asking for some tough choices, across the board, this should be in the heavily no brainer category. Anything above $3 million does not require tax deferral or a tax exempt contribution.”

The actual budget document includes this along with eliminating other tax incentives for high earners. “Reform should cut and simplify tax breaks that are now inefficient, unfair, or both, so that wealthiest Americans cannot avoid their responsibilities by gaming the system, that middle class working Americans receive their fair share, and that Americans can spend less time and money each year fil*ing taxes,” the budget document says. “That means eliminating tax subsidies for millionaires that they do not need; there is no reason that those making over $1 million should get any tax subsidies for housing, health care, retirement, and child care,” it added.

Ending tax loopholes was a major part of Obama’s Rose Garden remarks. “If we’re serious about deficit reduction, then these reforms have to go hand-in-hand with reforming our tax code to make it more simple and more fair so that the wealthiest individuals and biggest corporations do not keep taking advantage of loopholes and deductions that most Americans don’t get,” Obama said. “If anybody thinks I’ll finish the job of deficit reduction on the backs of middle class families, through spending cuts alone, that actually hurt our economy short term, should think again,” he said. For the last four years, the Democratic-led Senate has blocked the passage of a budget, keeping the government running on continuing resolutions. Last year Obama’s budget proposal was unanimously defeated in both the House and Senate.

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[Grandma]

Nova, you are a liar. Too bad you feel that dishonoring yourself in order to promote your racism (dishonorable in itself) is a good thing.

The preschool is not ment for illegals at all, it's meant for the children of citizens. See, preschool gives kids an advantage in school. Are you trying to deprive our country's youngest ciizens by distorting the facts?

 

[Nova78]

Nova, you are a liar. Too bad you feel that dishonoring yourself in order to promote your racism (dishonorable in itself) is a good thing.

The preschool is not ment for illegals at all, it's meant for the children of citizens. See, preschool gives kids an advantage in school. Are you trying to deprive our country's youngest ciizens by distorting the facts?

Your full of feces, illegals take any and all freebies ( Entitlements ) from the government. If anything the tax should go to cancer research or helping people to quit smoking, moron.

 

[Antares]

Look granny we have all the preschool shit we need.

Nova, you are a liar. Too bad you feel that dishonoring yourself in order to promote your racism (dishonorable in itself) is a good thing.

The preschool is not ment for illegals at all, it's meant for the children of citizens. See, preschool gives kids an advantage in school. Are you trying to deprive our country's youngest ciizens by distorting the facts?