Obama the Immaculate's budget hit Washington with the impact of a nuke. This man and his cronies are absolutely delusional - they are going to bankrupt this country.
In response to critics pointing out the deficit in his budget, both now and in the future, He continues to blame Bush. During his televised meeting with Republicans last week, he stood up in front of them and flatly stated that most of the defecit spending in this year's budget is a result of the previous administration. How can he get away with lying to our faces like this?
A few nuggets I've heard about this budget so far (and this is just the tip of the iceberg) ...
Obama's budget stops manned space exploration by NASA completely. It turns NASA's primary mission into one of investigating global warming. The United States, after the Shuttle's retirement this coming year, will have no way to put a man into orbit - we'll have to contract with the Russians to let us ride along on their rockets.
Obama's budget closes the nuclear waste facility at Yucca Mountain. This facility, under development for 30 years, is supposed to house the nation's nuclear waste. Obama's budget closes it completely, and provides no alternative. He spoke of expanding nuclear energy initiatives during his State of the Union speech, yet he is closing the one key facility that would be mandatory for ANY nuclear power expansion.
Obama wants to spend $237,000,000 to buy a prison in Illinios, to house the terrorists currently housed in Gitmo. This is just the purchase price, and does not include funds to staff or operate the prison.
Obama's budget hits the middle class with multiple tax hikes beginning this year. Reuters, a 'news' agency that is constantly in the tank for Obama, exposed this in an on-line story last night. The White House called Reuters, and demanded the story be removed. Reuters complied. Like everything else, Obama wants to hide what he is doing so that we don't know ...
The 'Death Tax' is completely eliminated in 2010, but returns in full in 2011 and beyond. So, if you are planning on inheiriting anything next year or beyond, the Democrats are going to take a very large share of it for themselves.
The Bush tax cuts are being allowed to expire, except for a few that are targeted to the 'middle class'.
Deductions for charitable donations are gone from 2010 forward. Yes, gone completely.
Capital gains taxes jump from 15% to 20% for 2010 and beyond.
Budget experts close to the White House are predicting that a national VAT (sales tax) of 15-20% will be necessary to come even close to paying for all of the spending Obama is trying to commit us to over the next 10 years.
This budget, by itself, spends $3,800,000,000,000, which will increase our deficit by $1,400,000,000,000. This budget, for the next ten years, adds $1,000,000,000,000 to our deficit each and every year. This is without any additional budget items added by Obama next year, or any budget filed after that, for 10 years. So, in 2020, our deficit will have $11 Trillion dollars added to it just from what is passed in this Obama budget.
Obama's budget deficit for this year alone is more than the deficits from the last 15 years' budgets put together.
Folks, we don't have to worry about China deciding not to reup their investment in our country's debt. THERE ISN'T ENOUGH MONEY IN THE ENTIRE FREAKING WORLD TO COVER THE DEFICIT WE WILL HAVE IN 2020, courtesy of this Obama budget. What happens when the world's most powerful country declares bankruptcy?
Major news outlets, if they aren't completely in the tank for Obama, are putting up breakdowns of what is in His budget. Look them up - understand what this idiot is trying to do to us.
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