If the American people fall for this crap again from Obama than I feel very sorry for our country.
CURL: Here comes Obama's magic budget - Washington Times: After creating more debt than all presidents from George Washington to Bill Clinton combined, President Obama will unveil a budget Monday that will create millions of jobs, take a $1 trillion bite out of the federal debt and magically solve all of America’s problems.
Not.
The president’s budget will be filled with gimmicks and accounting tricks as he strives to be all things to all people — or at least all the people he’s hoping will vote for him again in November. Despite three straight years of $1 trillion-plus deficits, Mr. Obama’s budget — even with the massive new spending — will cut the 2013 fiscal year deficit to just $901 billion.
How? Like this: “To achieve his debt-reduction goal, Obama would rely on an accounting maneuver that permits him to claim about $850 billion in savings over the next decade by ending the wars in Iraq and Afghanistan, a move Republicans have rejected as a gimmick. Obama would use a portion of those savings to finance new road and rail projects, rather than dedicating the full sum to lower deficits,” according to The Washington Post.
So, Mr. Obama will “save” $850 billion — money America was going to borrow, most likely from China — and then spend the “savings” on more transportation projects: yes, the very same ones he has been pushing to no avail since taking office. Just like the last $800 billion “stimulus,” he will again press to spend hundreds of billions of taxpayer dollars to create jobs: $350 billion in short-term job spending, along with $475 billion for road and rail projects. In addition, he will call for spending $60 billion to refurbish 35,000 schools.
CURL: Here comes Obama's magic budget - Washington Times: After creating more debt than all presidents from George Washington to Bill Clinton combined, President Obama will unveil a budget Monday that will create millions of jobs, take a $1 trillion bite out of the federal debt and magically solve all of America’s problems.
Not.
The president’s budget will be filled with gimmicks and accounting tricks as he strives to be all things to all people — or at least all the people he’s hoping will vote for him again in November. Despite three straight years of $1 trillion-plus deficits, Mr. Obama’s budget — even with the massive new spending — will cut the 2013 fiscal year deficit to just $901 billion.
How? Like this: “To achieve his debt-reduction goal, Obama would rely on an accounting maneuver that permits him to claim about $850 billion in savings over the next decade by ending the wars in Iraq and Afghanistan, a move Republicans have rejected as a gimmick. Obama would use a portion of those savings to finance new road and rail projects, rather than dedicating the full sum to lower deficits,” according to The Washington Post.
So, Mr. Obama will “save” $850 billion — money America was going to borrow, most likely from China — and then spend the “savings” on more transportation projects: yes, the very same ones he has been pushing to no avail since taking office. Just like the last $800 billion “stimulus,” he will again press to spend hundreds of billions of taxpayer dollars to create jobs: $350 billion in short-term job spending, along with $475 billion for road and rail projects. In addition, he will call for spending $60 billion to refurbish 35,000 schools.
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