The New Budget - Isolated Pain

#1

volinbham

VN GURU
Joined
Oct 21, 2004
Messages
69,776
Likes
62,396
#1
Obama Delivers $3.6 Trillion Budget Blueprint - WSJ.com

One war would end, as troops leave Iraq, while another would ramp up in Afghanistan. To fund it all, families earning over $250,000 and a variety of businesses will pay a steep price, but Mr. Obama implored Americans to own up to the mistakes of the past while accepting profound sacrifices.

"We need to be honest with ourselves about what costs are being racked up, because that's how we'll come to grips with the hard choices that lie ahead," Mr. Obama said Thursday morning. "And there are some hard choices that lie ahead."

There are no hard choices in this budget - taxing the rich and businesses isn't a hard choice.

Cutting some of the ridiculous spending, realizing you can't pursue every initiative and try to completely remake the country in 4 years - those are hard choices.

This is full of easy choices. Let's call this what it is. At first, a few of you will have to pay. Eventually, we will all pay.

"We need to be honest with ourselves about what costs are being racked up, because that's how we'll come to grips with the hard choices that lie ahead," Mr. Obama said Thursday morning. "And there are some hard choices that lie ahead."

Who is he kidding here? Is he being honest with the costs? Is he really making hard choices here?


Here's the capper:

His budget plan projects a federal deficit of $1.75 trillion for 2009, or 12.3% of the gross domestic product, a level not seen since 1942 as the U.S. plunged into World War II.

By 2013, the deficit would drop to $533 billion but begin to climb from there again as the heart of the Baby Boom begins drawing Social Security and Medicare benefits.

Oh the humanity!
 

VN Store



Back
Top