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Obama's Budget Proves He Should Not Be Reelected
President Obama does not deserve to be reelected. By refusing to address the greatest challenge this nation faces -- our financial security -- Mr. Obama has failed the American people. Despite warnings from the IMF, the credit ratings agencies, China -- our principal foreign creditor -- and the American people, the president continues to offer up budgets and programs that ignore the dire trajectory of Medicare and Social Security spending, putting the future of this nation at risk.

Let's get specific. This week Mr. Obama set forth a budget calling for yet another trillion-dollar deficit, the fourth in four years. Through certain spending cuts, some gimmickry (counting not spending on two wars as deficit reduction) and $1.5 trillion in tax hikes, the budget gap is projected to shrink to $575 billion in 2018, comfortably beyond the range of the country's political telescope.
I'm projecting myself to be handsome and muscular by 2018...
Each of the proposal's major provisions scratches a partison itch: raising taxes on the wealthy, imposing new fees on banks, eliminating tax cuts on oil companies, spending $476 billion on transportation projects (mollifying construction crews teed off at the Keystone veto), allotting $30 billion for (guaranteed voting blocks) police, teachers and fire department workers, and so on. As the Committee for a Responsible Federal Budget summarizes, the president's budget stabilizes our debt at 76 percent of GDP -- "roughly double historical debt levels." This is not acceptable.
Amen!
Posted by: DarthVader 2012-02-14
http://www.rantburg.com/poparticle.php?ID=339084