Obama's honest budget

Chris

Gold Member
May 30, 2008
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President Barack Obama gambled big Thursday when he unveiled his first budget. He treated taxpayers like grown-ups. His extraordinary candor about what Washington spends, and what he thinks it will cost to get the economy out of the tank and on course for a sound future, is refreshing.

The figures are huge - $3.6 trillion to be spent in 2010, with almost $1.2 trillion of it to be borrowed. And the spending plan signals a sharp, maybe even historic, change of direction on taxes and the role of government. By baldly laying his cards on the table, Obama is betting that the public can handle the truth. It needs to.

The economy is in a tailspin. It contracted at a 6.2 percent pace in the last three months of 2008, the Commerce Department reported Friday - its worst performance in decades. The White House announced the same day that it will take a 36-percent stake in Citigroup. Those are ominous reminders that the nation has critical decisions to make in order to turn things around. Obama's truth in budgeting will help to make them informed ones.

First, he ditched Washington-style budget sleight-of-hand and honestly laid out what the government will actually spend. It has been common for presidents from both parties to employ gimmicks to make their choices appear more palatable.

Obama explicitly rejected some of the more egregious budgeting practices of his immediate predecessor. President George W. Bush never included the cost of the wars in Iraq and Afghanistan in his budgets, for instance, opting instead to treat those military campaigns as emergencies and fund them off the books. He took a similar approach with the entirely predictable $60 billion it cost the Treasury for each year that Congress spared 20 million taxpayers the expensive bite of the alternative minimum tax. Bush also budgeted nothing for federal disaster response, though natural disasters invariably occur. Obama included all three things in his 10-year budget.

Obama's budget gives it to U.S. straight -- Newsday.com
 
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Keep drinkin' that kool aide chrissy .......................................
MSN-Emoticon-123.gif
 
Obama's honest budget

Not quite. He failed to tell you that it is primarily a Pelosi Shopping Spree financed as a subprime loan from China that reaches maturity when your kids and grandkids come of age. Do you think they will have to choose slavery or war?
 
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Obama's honest budget

Not quite he failed to tell you that it is primarily a Pelosi Shopping Spree financed as a subprime loan from China that reaches maturity when your kids and grandkids come of age. Do you think they will have to choose slavery or war?

There's a revolution coming... and it's not too far off.
 
Obama's honest budget

Not quite he failed to tell you that it is primarily a Pelosi Shopping Spree financed as a subprime loan from China that reaches maturity when your kids and grandkids come of age. Do you think they will have to choose slavery or war?

There's a revolution coming... and it's not too far off.

what kind of revolution?
 
Honest??? It's little more than a gamble that the voters have a short memory span and that the economy will turn around in spite of this bogus boondoggle of big government programs that will castrate the recovery before it ever gets started.
 
The economy is too damaged to turn around very quickly. We are just getting started in this recession.

The Whitehouse is predicting 8+% unemployment for this year. It was 7.6% in January and February saw the rates of layoffs increasing. We may already have attained the Whitehouse estmates for the entire year. If they are making decisions based on wildly optimistic numbers then their decisions are going to be as poor as they have already shown.

The stimulus will not stimulate the economy and the only jobs it will save is local government jobs.

There is no real extra money floating the private sector. Just cash for government and their cronies.

This of course all paid for with an IOU or rather KGOU.
 
Honest? The stimulus broke at least seven of his promises:

1. Make government open and transparent.

2. Make it "impossible" for Congressmen to slip in pork barrel projects.

3. Meetings where laws are written will be more open to the public. (Even Congressional Republicans shut out.)

4. No more secrecy.

5. Public will have 5 days to look at a bill.

6. You’ll know what’s in it.

7. We will put every pork barrel project online.

I won't even go into the promises he made during the campaign that he has broke (i.e. no lobbyists in the White House, etc.)

There is one promise he kept though.

He did buy his girls a dog.
 
Obama's honest budget

Not quite he failed to tell you that it is primarily a Pelosi Shopping Spree financed as a subprime loan from China that reaches maturity when your kids and grandkids come of age. Do you think they will have to choose slavery or war?

There's a revolution coming... and it's not too far off.

Then man up or quit talking shit because all I see is a whining little bitch with an Internet connection.
 
Fact:

This budget is to be paid for by issuing Treasury bonds. It is why Clinton was demeaning the country in China.

That my friend is more to offer than your petty tripe.
 
And another:

The White House on Sunday downplayed massive deficit spending and President Obama's pledge not to sign legislation laden with billions in earmarks amid Republican criticism that he was recanting on a key campaign promise.

The administration's top budget official, Peter Orszag, said Obama would sign the $410 billion spending bill despite a campaign pledge that he would reject tailored budget requests that let lawmakers send money to their home states. Orszag said Obama would move ahead and overlook the time-tested tradition that lets officials divert millions at a time to pet projects.

Budget Chief: Obama Will Sign Spending Bill - Presidential Politics | Political News - FOXNews.com
 
Obama's honest budget

Not quite he failed to tell you that it is primarily a Pelosi Shopping Spree financed as a subprime loan from China that reaches maturity when your kids and grandkids come of age. Do you think they will have to choose slavery or war?

There's a revolution coming... and it's not too far off.

As soon as our kids and grandkids figure out what we left them holding, they're gonna cut the shit out of every program out there, including SS and Medicare.
 
All the whinning, jeesh!

We are investing in America, not sending pallets of cash to Iraq.

The money that was stolen by the hedge fund managers has to be replaced. You can't run an economy without money.

I don't agree with every aspect of Obama's plan, but the outline is correct.

Pump money into the system, reregulate the markets, and then cut military spending and raise taxes on the rich to cut the deficit. This exactly what we should do.
 
All the whinning, jeesh!

We are investing in America, not sending pallets of cash to Iraq.

The money that was stolen by the hedge fund managers has to be replaced. You can't run an economy without money.

I don't agree with every aspect of Obama's plan, but the outline is correct.

Pump money into the system, reregulate the markets, and then cut military spending and raise taxes on the rich to cut the deficit. This exactly what we should do.

Yeah its what we should do if we want to send this nation to hell.
 
All the whinning, jeesh!

We are investing in America, not sending pallets of cash to Iraq.

The money that was stolen by the hedge fund managers has to be replaced. You can't run an economy without money.

I don't agree with every aspect of Obama's plan, but the outline is correct.

Pump money into the system, reregulate the markets, and then cut military spending and raise taxes on the rich to cut the deficit. This exactly what we should do.

Yeah its what we should do if we want to send this nation to hell.

Oh chirssy Lewinsky's back.
 
All the whinning, jeesh!

We are investing in America, not sending pallets of cash to Iraq.

The money that was stolen by the hedge fund managers has to be replaced. You can't run an economy without money.

I don't agree with every aspect of Obama's plan, but the outline is correct.

Pump money into the system, reregulate the markets, and then cut military spending and raise taxes on the rich to cut the deficit. This exactly what we should do.

Yeah its what we should do if we want to send this nation to hell.

Oh chirssy Lewinsky's back.

I will never leave.
 

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