Budget Chief Says Senate Dems May Scrap Tax Cut

[gsvol]

Obama took his budget campaign to the Hill today to discuss his $3.6 trillion budget face to face with some skeptical Democrats, a day after he addressed the nation in a prime-time news conference.

Democratic leaders emerged from the 45-minute lunch expressing confidence that they will be able to work with the White House on provisions the president wants included in the budget.

The Senate will "protect President Obama's priorities -- education, energy, health care, middle-class tax relief and cut the deficit in half," said Senate Majority Leader Harry Reid, D-Nev.

(A nice bit of doubleplusgood duckspeak!!!! First you double the budget deficit and then promise to cut it in half down the road some day, which will never come.)gs

The Obama administration's aggressive plan for strict scrutiny of hedge funds and other freewheeling investors, part of the biggest expansion of financial restraints since the Great Depression,...........Geithner did not say which agency should wield such authority, but the administration is expected to favor the Federal Reserve.

(Oh wait, isn't that a private rather than public institution???)gs

The administration's plan also includes a provision that Geithner and Federal Reserve Chairman Ben Bernanke discussed before the committee on Tuesday: to give the administration expanded powers to take over major nonbank financial institutions, such as insurance companies and hedge funds.

The cap and trade system defined

 

[dcgf05]

(A nice bit of doubleplusgood duckspeak!!!! First you double the budget deficit and then promise to cut it in half down the road some day, which will never come.)gs

double the deficit the first year... if you want to feel terrible about the future check out the projected deficits from the current "stimulus" already. Halving a deficit which is 6 times worse in 5 years should be easy (although i'm sure there will be another "we must spend" situation then which will be the rallying cry for eliminating the halving deficit doublespeak).

 

[gsvol]

double the deficit the first year... if you want to feel terrible about the future check out the projected deficits from the current "stimulus" already. Halving a deficit which is 6 times worse in 5 years should be easy (although i'm sure there will be another "we must spend" situation then which will be the rallying cry for eliminating the halving deficit doublespeak).

According to Mark Twain’s Pudd’nhead Wilson, “It could probably be shown by facts and figures that there is no distinctly native American criminal class except Congress.”


Getting scammed!!

The bill is called GIVE – standing for “Generations Invigorating Volunteers and Education Act”

members of the Criminal Class have allotted at least $5 billion to increase taxpayer hand outs to ACORN, PUSH – and a plethora of other decidedly leftwing flimflam groups – to spend in perverting the electoral system.

Read how they did.

Peter Grace who headed up a study on deficit spending, called what government is doing to be "intergenerational rape" over twenty years ago.