All You Need to Know About Obama’s Budget

Why all the red?  Because the President’s new budget proposal doesn’t deal with entitlements at all.  Taxes increase and so does debt as a percent of GDP.  Read the details here.  (FYI, the “Path to Prosperity” is the Ryan proposal).

The best part, however, is this exchange after Paul Ryan pointed out all that red ink:

GEITHNER: You could have taken [the chart] out [to the year] 3000 or to 4000. [Laughs]

RYAN: Yeah, right. We cut it off at the end of the century because the economy, according to the CBO, shuts down in 2027 on this path.

I know Ryan says he doesn’t want to run for President, but can we hope for Speaker of the House?

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About Mystic Cowgirl

I worked overseas in the aid game for longer than I'd like to admit and learned several important things: 1) Third World countries aren't poor because America is rich. They're impoverished due to socialist governments that provide neither rule of law nor basic infrastructures; 2) These socialist governments redistribute wealth from taxpayers to the government workers. There's no benefit to the poor or downtrodden, and certainly not to the general welfare in terms of infrastructure improvements. 3) America is moving toward the Third World model. Rule of law has been subverted because equality under the law is disappearing as special interests carve out exemptions to regulations and special favors under the law. The redistribution of wealth to government began decades ago -- total compensation for government employees now outpaces salaries in the private sector.
This entry was posted in Big government, conservative politics, news politics, Obama, political issues and tagged . Bookmark the permalink.

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