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Obama Seeking $3.8T Budget

GOP against planned $1 trillion in new spending

April 11, 2013

WASHINGTON (AP) — Mixing modest curbs on spending with tax increases reviled by Republicans, President Barack Obama proposed a $3....

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(16)

promo61

Apr-12-13 8:44 AM

Obama's Budget includes these sentences several times in the section titled :ELIMINATE FOOSIL FUEL PREFERENCES found on pages 69 thru 84: "The President agreed at the G-20 Summit in Pittsburgh to phase out subsidies for fossil fuels so that the United States can transition to a 21st-century energy economy. The credit, like other oil and gas preferences the Administration proposes to repeal, distorts markets by encouraging more investment in the oil and gas industry than would occur under a neutral system. This market distortion is detrimental to long-term energy security and is also inconsistent with the Administration’s policy of supporting a clean energy economy, reducing our reliance on oil, and cutting carbon pollution." This is all you really need to know.

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dyingov

Apr-11-13 10:38 PM

"cut" 130 billion out of 38,000 billion! To put it in numbers that libs can comprehend!

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dyingov

Apr-11-13 5:51 PM

Reduce goberment spending by 130 billion over 10 years....In 10 years the goberment (without any increase in the budget) will spend 38 trillion....Drop in the bucket!

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daWraith

Apr-11-13 2:39 PM

In fiscal 2010, according to numbers published by the Census Bureau and the Office of Management and Budget (OMB), net spending by all levels of government in the United States was $5,942,988,401,000. That equaled $50,074 for each one of the 118,682,000 households in the country.

In that same year, according to the Census Bureau, the median household income was $49,445.

That means total net government spending per household ($50,074) exceeded median household income (49,445) by $629.

Government in the United States, of course, has not always spent more per year than the median household earns. As recently as 2000, the relationship between government spending and household income was dramatically different.

Data from the Census Bureau and the OMB show that in that year net spending by all levels of government was $3,239,913,876,000. That equaled $29,941 for each of the nation’s then 108,209,000 households. In 2000, the median household income was $41,990.

FAIL!

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ShempH

Apr-11-13 1:12 PM

My, my, my how things have changed. Millions were spent on TV commercials showing the Republicans pushing dear old grandma, wheelchair and all over the cliff. Now look who is pushing that wheelchair............Liberal hypocrisy strikes again, but then that is a daily occurrence.

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Thebudman

Apr-11-13 1:00 PM

ATTENTION SENIORS:

Prepare to spend much more time in your doctor's waiting room!

"The real cuts include $400 billion scrubbed from health care programs like Medicare over the coming decade, including cuts in payments to drug companies and higher Medicare premiums for people who are better off."

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Thebudman

Apr-11-13 12:56 PM

ATTENTION SENIORS! (oldmaninthecan in particular:

The Social Security cuts would come from a slightly stingier inflation adjustment known as "chained CPI" that would reduce annual cost-of-living increases for a variety of programs by about 0.3 percentage points a year. It would reduce federal spending on government programs over 10 years by $130 billion and promises to save far more in subsequent decades.

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dyingov

Apr-11-13 12:54 PM

The budget will be a lot better in 2016...So we just continue to kick the can! BTW, 2016 will result in a new President. Got to love those politicians putting it on the backs of the dude/dudette that comes after...

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dyingov

Apr-11-13 12:52 PM

Where are all the lib posters today?

Your "boy" wants to cut Social Security...You will get a bonus if you live past 75!

"Once the change was fully phased in, Social Security benefits for a typical middle-income 65-year-old would be about $136 less a year, according to an analysis of Social Security data. At age 75, annual benefits under the new index would be $560 less. But after age 75, Social Security recipients would receive larger-than-scheduled benefit increases by 0.5 percentage points a year through age 85."

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Hefner

Apr-11-13 10:58 AM

@wonderwhy: It is not an obsession, I'm just recalling a statement Jimmy Carter made. Have you some fear and wish to deny that various races populate our planet? Love your brother as yourself, for after all, we are all brothers aren't we. You know, wonderwhy, if you could only get over your defensive attitude, and read all the post of people who are trying to help you through providing you with useful and accurate information, you just might be able to change your screen name from "wonderwhy" to "knowwhy." I wish you peace and knowledge.

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wonderwhy

Apr-11-13 10:35 AM

Gee Hef- Get off your obsession with the color of skin.

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Hefner

Apr-11-13 9:53 AM

Jimmy Carter once opined that white men didn't vote for Obama because they thought a black man was incompetent to be the President. I cannot speak of any other black men, and I'm sure there are many who would make a fine President, but Obama has proven beyond any reasonable doubt that he is one black man that is totally unqualified and totally incompetent to be our President.

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daWraith

Apr-11-13 7:48 AM

Uuuuuuh, Mr. Opie, one big problem, Tax revenue for 2013 is projected at $2.7 TRILLIOIN so you are $1.1 Trillion = $1,100,000,000,000 away from a balanced budget so this is one big CLUSTER ^%$# FAIL!!!!

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LogHog

Apr-11-13 7:36 AM

O Susanny don't you wait for me, cause we got a man named Obammy, that's gonna tax our pee...

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mikeyd

Apr-11-13 7:22 AM

obama seeking money again.go to the bank.oh,he wants it from the taxpayers.

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dyingov

Apr-11-13 7:20 AM

"It would reduce federal spending on government programs over 10 years by $130 billion and promises to save far more in subsequent decades." That would be 13 billion per year.

I find it interesting that the goberment talks about a 1 year budget using 10 years of "projected" savings. Keeps the sheeple confused I guess!

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