Our president released his election-year budget plan today. From an AssociatedPress article, written by Andrew Taylor, “Taking a pass on reining in government growth, President Barack Obama unveiled a record $3.8 trillion election-year budget plan Monday, calling for stimulus-style spending on roads and schools and tax hikes on the wealthy to help pay the costs. The ideas landed with a thud on Capitol Hill.”
The Obama administration’s expectation is that the deficit will sink to $901 billion next year (this still requires our federal government to borrow $0.24 on every dollar we spend) and will make its way down to somewhere in the neighborhood of $600 billion by 2015. I'm sure that'll go just as planned. Have to spend money to save money, right?
Taylor went on to state, “The deficit for the current budget year, which ends Sept. 30, would hit $1.3 trillion, a near record and the fourth straight year of trillion-plus red ink.”
The Obama administration’s expectation is that the deficit will sink to $901 billion next year (this still requires our federal government to borrow $0.24 on every dollar we spend) and will make its way down to somewhere in the neighborhood of $600 billion by 2015. I'm sure that'll go just as planned. Have to spend money to save money, right?
Taylor went on to state, “The deficit for the current budget year, which ends Sept. 30, would hit $1.3 trillion, a near record and the fourth straight year of trillion-plus red ink.”
As the video above depicts, there is no guesswork and there is no need to get a general feeling of direction by studying the needle on a barometer. As Hannan said, “Just look outside your window.” Barack Obama’s destination is just across the pond in Europe. As we all watch how that is unraveling for them, our president continues to push in that direction regardless of all the warnings.
449.3 miles to go.
Here is what happened one year ago on Day168.
