527.) President Obama announced his new budget agenda. He wants to cut $4,000,000,000,000.00 dollars, (four trillion) over the next twelve years. Our debt right now is $14,000,000,000,000.00 dollars. I wonder what intrest on $14 trillion dollars over twelve years is. He still is not serious about the debt. He is getting there though, ten years from now he might get there.
528.) In his budget speech President Obama said, “We have to live within our means, we have to reduce our deficit, and we have to get back on a path that will allow us to pay down our debt” Live within our means, that means that we are going to cut spending down to being within or lower than the amount of money brought into the government through taxes right? Wrong, to the PResidient living within our means means making some cuts but raising taxes as well. Raising taxes in a bad economy because that won’t hurt anything. The country does not have a revenue problem, it has a spending problem. Progressives will cry and whine about this untill the cows come home, but that is all there is too it. The Bush Tax Rates were on the books for ten years, the government knew how much money the government brought in, and yet they choose to spend more. It is not the amount of revenue that brought us into debt, it is the the government ignore its revenue and just spending what it wants that brought us here.
529.) In his budget address President Obama once again put the blame for the this debt crisis on the shoulders of fomer President Bush. “But after Democrats and Republicans committed to fiscal discipline during the 1990s, we lost our way in the decade that followed. We increased spending dramatically for two wars and an expensive prescription drug program – but we didn’t pay for any of this new spending. Instead, we made the problem worse with trillions of dollars in unpaid-for tax cuts – tax cuts that went to every millionaire and billionaire in the country; tax cuts that will force us to borrow an average of $500 billion every year over the next decade” This causes my blood to boil. Yes President Bush did spend more than he should have, but earlier in the speech President Obama mentioned that in times we had to barrow money to pay for wars, he accepted that. How did he pay for his actions in Libya? Where did that money come from? TAX CUTS DO NOT COST MONEY! He is lying to your face hoping that you continue to exisit in self ordain ignorance. It was the spending. The government spent more money than it brought in, that is the plain and simple truth. The govenrment doesn’t lose money because you get to keep money. That is like saying you lost money because your neighbor got a raise. You don’t pay for tax cuts, you can’t pay for them, because it is not an expense. Only a socialist, communist, or a tyrant would view it this way.