As you can guess this week’s under the Fedora is all about the…the Catholic Theological Union:
actually there was a Catholic conference at the very same time as CPAC and I interviewed people from them but today’s topic is CPAC
First lets start with a behind the scene’s look via Grover Norquist:
Lyla Rose (pictured with Fr Peter West of Human Rights International) is a pro-life hero, she was there for a citizen’s united pro-life movie
Speaking of pro-life heroes this is another:
You might not recognize this lady, but she is a hero and this video explains why:
A woman who raises a daughter like this is a hero in my book
Some were bloggers like Mary Chastain of Big Government who covered big stories that the MSM ignored
Some were Government officials who spoke rather than keep silent:
Some were people who went from mothers to activists
And some were foreign MP’s like Danial Hannan or American soldiers like Katherine Jenerette back from Afghanistan
Of course for my money one of the biggest heroes of CPAC or anywhere is my friend Pam Geller
Who along with Robert Spencer had yet another event on Radical Islam. Anne Marie Morrell of Politichicks was there
Now some of you might be surprised to see me talking with Grover Norquist considering my friendship with Pam Geller. Grover is dead right on Taxes, but dead wrong on Radical Islam. I’m happy to back him on taxes, and proud to oppose him on Radical Islam.
Funny how the same left that demonizes him on the one absolutely would love him on the other, but for the left one must be pure or one is rejected….
…just like radical Islam btw.
and good friends:
I commented how the women on the right were women of strength and character. Sarah Palin the keynote speaker is the living example of it.
Somehow we keep hearing how irrelevant, she is, just an entertainer (as they said about Limbaugh) but they love her.
I think the fight has aged her a tad, but the words I wrote a year ago on her and Rush still ring true:
CBS news pointed out Sarah Palin endorsed 43 house candidates of which 30 won while winning 7 of 12 Senate endorsed candidates. Senator Jim Demitt said “she’s done a lot of good for the Republican Party, and for our country.” And Rush Limbaugh, having none of the spin of the majority of the Mainstream media on the 4th said: “If anybody is an obvious winner here, aside, of course, from me, it would be Palin.”
So to conservatives who are basking in the joy of a historic question I say to you : “Never forget that it is to Rush Limbaugh and Sarah Palin that you really owe these victories.”
As for CPAC you should go, but don’t take my word for it, take the word of someone who came for the very first time:
And if next year I see you like Ellen and Jimmy I’ll be proud meet you and to shake your hand
Bloomberg’s Julianna Goldman: “What It Really Does Is It Fleshes Out The President’s Blueprint For His Campaign.” “The White House says that this budget fleshes out the President’s blueprint for America, but what it really does is it fleshes out the President’s blueprint for his campaign. He’s essentially putting deficit-reduction on the back burner.” (Bloomberg’s ” With Betty Liu,” 2/13/12)
- Bloomberg ‘s Juliana Goldman: “This Is A Real Miss For The President.” “Well, when you look at the projections for the deficit, this is a real miss for the President. Remember, he had promised to cut the deficit in half by the end of his first term, Betty.” (Bloomberg’s “With Betty Liu,” 2/13/12)
- Watch Video Here
National Public Radio: “Rather than a realistic road map for government spending, the White House budget is likely to serve as a political tool in the president’s re-election bid.” (Scott Horsley, “Obama’s Budget: Political Tool Or Spending Plan?” National Public Radio , 2/13/12)
ABC News: Obama “Doubles Down On Populist Proposals Central To His Re-Election Campaign.” “President Obama today officially unveils a 2013 budget that outlines his tax and spending priorities for the coming year, and doubles down on populist proposals central to his re-election campaign.” (Devin Dwyer, “Obama Budget Doubles Down on Populist Proposals,” ABC News, 2/13/12)
The New York Times: The Budget Is “Seen As More A Platform For The President’s Re-Election Campaign Than A Legislative Proposal.” “But the latest budget document can be seen as more a platform for the president’s re-election campaign than a legislative proposal for budget debates that will begin next week.” (Jackie Calmes, “Obama’s Budget To Focus On Cutting Deficit And Adding Jobs,” The New York Times, 2/10/12)
The Wall Street Journal: “Administration Officials Acknowledge That The Bulk Of Their Plan Is A Campaign Blueprint More Than Anything.” “But administration officials acknowledge that the bulk of their plan is a campaign blueprint more than anything-at least until the end of the year.” (Damian Paletta and Laura Meckler, “Budget Sets Stage For Year-End Clash,” The Wall Street Journal, 2/13/12)
The Washington Post‘s Ezra Klein: “The Obama Administration Is Officially Breaking Its Promise To Halve The Deficit By The End Of Their First Term.” (Ezra Klein, “Wonkbook: 5 Things To Watch In Obama’s 2013 Budget,” The Washington Post ‘s Wonkbook, 2/13/12)
- Klein: “The 2013 budget envisions a deficit of more than $1 trillion — not halved by any stretch of the imagination.” (Ezra Klein, “Wonkbook: 5 Things To Watch In Obama’s 2013 Budget,” The Washington Post‘s Wonkbook, 2/13/12)
The New York Times: Obama’s Budget “Will Show Mr. Obama Has Failed To Meet His Pledge To Cut The Deficit In Half By The End Of His First Term.” “But the document’s numbers will show Mr. Obama has failed to meet his pledge to cut the deficit in half by the end of his term, and for Republicans, that will be the bottom line.” (Jackie Calmes, “Obama’s Budget To Focus On Cutting Deficit And Adding Jobs,” The New York Times, 2/10/12)
USA Today : Obama Will Fall “Far Short Of His Goal To Halve The Deficit In Four Years.” “President Obama’s proposed 2013 budget will forecast a $901 billion deficit for next year, falling far short of his goal to halve the deficit in four years.” (Richard Wolf, “Obama Budget To Miss Deficit Goal,” USA Today’s “The Oval,” 2/10/12)
- USA Today: “The Budget Will Show A Higher Deficit This Year Than In 2011.” “The budget will show a higher deficit this year than in 2011, up from $1.3 trillion to $1.33 trillion. And the projected decline to $901 billion in 2013 is dependent on enactment of the president’s policies, including spending reductions agreed to last summer and ending George W. Bush’s tax cuts for the wealthy at the end of this year.” (Richard Wolf, “Obama Budget To Miss Deficit Goal,” USA Today’s “The Oval,” 2/10/12)
ABC News: “But despite such cuts, the president’s budget would mark the fourth straight year that deficit spending exceeds $1 trillion and falls well short of his 2009 promise to ‘cut the deficit we inherited by half by the end of my first term in office.’” (Devin Dwyer, “Obama Budget Doubles Down on Populist Proposals,” ABC News, 2/13/12)
Politico: “And Looking Back At Obama’s First Budget In May 2009, He Almost Appears To Be Alice’s Red Queen, Running Hard Just To Stay In Place.” “Republicans were quick to pounce on the higher deficit numbers, reported earlier in the day by the Wall Street Journal. And looking back at Obama’s first budget in May 2009, he almost appears to be Alice’s Red Queen, running hard just to stay in place.” (David Rogers, “Obama Budget Goes Big On Highways,” Politico, 2/10/12)
- Politico: “The $1.33 Trillion Deficit For This Fiscal Year, Ending Sept. 30, Is Almost Identical To The $1.25 Trillion Deficit Obama Predicted Then For Fiscal 2010.” (David Rogers, “Obama Budget Goes Big On Highways,” Politico, 2/10/12)
Former U.S. Comptroller David Walker: “We Are Not Going To See Any Significant Tax, Social Insurance Or Other Reforms Before The Election.” (CNBC’s, “Squawk Box” 2/13/12)
- Walker: “It Should Have Been Much More Specific, Much More Substantive Than It Is.” (CNBC’s, “Squawk Box” 2/13/12)
- Watch The Video
The Hill: Obama Is Not Going To Outline A Plan For Medicare’s “Long-Term Demographic Challenge.” “He has so far not outlined a plan that would deal with Medicare’s long-term demographic challenge. Experts do not expect him to do so, giving the GOP a chance to once again draw a contrast.” (Erik Wasson, “Obama’s Budget: 10 Takeaways,” The Hill, 2/11/12)
- The Hill: “Nothing Is Expected On Social Security.” (Erik Wasson, “Obama’s Budget: 10 Takeaways,” The Hill, 2/11/12)
Los Angeles Times: “But The President’s Budget, Like His Previous Proposals, Steers Clear Of Major Changes.” (Kathleen Hennessey and Christi Parsons, “Obama Budget Is Preview Of Election Battle,” Los Angeles Times, 2/13/12)
The Boston Herald: “President Barack Obama has apparently decided that he is not going to be part of the solution to the nation’s enormous deficit – which would make him, yes, part of the problem.” (Editorial, “Obama Punts On Budget,” The Boston Herald, 2/13/12)
Americans Have Little Confidence President’s Budget Will Accomplish Either
Arlington, VA – Today the Obama Administration releases its fiscal year 2013 budget, a new poll sponsored by Public Notice and conducted by The Tarrance Group, reveals that the majority of voters want to see President Obama’s budget cut spending and lower taxes, while few expect it will materialize.
When asked about the best way to grow the economy and create jobs, voters respond with a strong preference for cutting government spending and keeping taxes low (55%) as opposed to increasing government spending and asking the rich to pay more in taxes (36%).
Gretchen Hamel, Executive Director of Public Notice, stated the following:
“President Obama and Congress are misleading themselves if they think voters are confused about what they want. Americans know that absent a budget and a real, serious review of our nation’s finances, the same reckless overspending will continue. It’s time for the President and Congress to stop pushing paper and making speeches, and get serious, do their jobs, cut spending and get our fiscal house in order.”
The poll shows the federal budget deficit and government overspending will be a top concern this year:
- Americans believe the economy and overspending are connected. Fully 73 percent believe the economy is extremely or very impacted by the national debt.
- Americans want to solve the nation’s fiscal and economic problems by cutting spending. 55% of voters say the best way to get the economy moving again and create jobs is to cut government spending and keep taxes low. Only 36% think the best way to improve the economy is to increase spending.
- However, Americans are pessimistic Washington will cut spending. While 75% want President Obama to cut spending in his fiscal year 2013 budget, only 31% think he will.
- Perhaps that’s because Congress has failed to even pass a budget in the last few years. 84 percent of voters find it extremely or very concerning that the U.S. Senate has not passed a budget in the last three years.
To view the complete poll, click here.
This survey was conducted February 6-8, 2012 and the results noted above are from 800 registered “likely” voters across the country. In 95 out of 100 cases, the confidence interval associated with a sample of this type is +/- 3.5%.
Washington Could Learn a Lot from Europe
Budget Experts Argue That The Obama Plan ‘Doesn’t Get Us Close,’ Say Debt Levels ‘Would Put The Economy At Risk’
CLINTON OFFICIAL: ‘I Don’t Think Anyone Is Satisfied With This Budget’
MAYA MACGUINEAS: “…the budget just doesn’t get us close to where we need to go.” (Maya MacGuineas, President Of The Committee For A Responsible Federal Budget, MSNBC, 2/13/12)
· “…the President’s budget, there weren’t really very high expectations for it, I’m afraid, and he probably met it.” (Maya MacGuineas, President Of The Committee For A Responsible Federal Budget, MSNBC, 2/13/12)
ROGER ALTMAN, Senior Treasury Official In The Clinton Administration: “I don’t think that anyone is satisfied with this budget… It confirms the dire debt and deficit outlook.” (“Obama Budget Sees Recovery Gaining Speed,” NBC News, 2/13/12)
PETER G. PETERSON FOUNDATION: “Unfortunately, these measures are not sufficient to put America on a sustainable long-term fiscal path.” (Press Release, Peter G. Peterson Foundation, 2/13/12)
· “Even under optimistic assumptions, the President’s own numbers show debt rising rapidly after 2022 and reaching levels that would put the economy at risk.” (Press Release, Peter G. Peterson Foundation, 2/13/12)
DAVID WALKER: “…we’re making some of the same mistakes as Greece. Government’s grown too big. Promised too much. Waited too long to restructure. The budget, the President’s not aggressive or specific enough. We’re still talking about a $700 billion-plus deficit ten years from now.” (David Walker, Former U.S. Comptroller, CNBC’s Squawk Box, 2/13/12)
· “It should have been much more specific, much more substantive than it is.” (David Walker, Former U.S. Comptroller, CNBC’s Squawk Box, 2/13/12)
THE CONCORD COALITION: “Overall, the bottom-line numbers indicate that much additional work needs to be done.” (The Concord Coalition, Press Release, 2/13/12)
· “The White House now projects that the deficit for the current fiscal year will be slightly higher than last year’s $1.3 trillion, which seems at odds with all of the talk in Washington last year about spending cuts and deficit reduction…” (The Concord Coalition, Press Release, 2/13/12)
SEN. JOE LIEBERMAN (ID-CT): “Quite simply, it is not the blueprint we need to put our fiscal house back in order.” (“GOP: Obama Playing Budget Politics,” Politico, 2/13/12)
JULIANNA GOLDMAN, Bloomberg: ‘A real miss for the President.’ “When you look at the projections for the deficit, this is a real miss for the President. Remember he had promised to cut the deficit in half by the end of his first term…” (Bloomberg, 2/13/12)
43 Republicans Submit Amicus Brief On Behalf Of The Supreme Court Challenge Filed By States And Small Businesses
WASHINGTON, DC – U.S. Senate Republican Leader Mitch McConnell and 42 of his colleagues filed an amicus brief with the United States Supreme Court Monday on behalf of the bipartisan, multi-state challenge to the Democrats’ health spending law.
“The Democrats’ 2,700 page health spending bill represents an unprecedented and unconstitutional expansion of the federal government into the daily lives of every American,” Sen. McConnell said. “Americans have rejected the law’s mandate that they must buy government-approved health insurance, and we hope the Supreme Court will do the same.”
The following are excerpts from the amicus brief:
“Put simply, Congress acted without constitutional authority in enacting the Individual Mandate of the PPACA. In so doing, it has damaged Congress’ institutional legitimacy and has triggered severe conflicts between state and federal governments that the Constitution was carefully designed to avert.”
“Because the Individual Mandate regulates a simple decision or choice not to purchase a particular product, it exceeds the proper scope of the Commerce Clause.”
“If Congress may punish a decision to refrain from engaging in a private activity (namely, the purchase of health insurance) because the consequences of not engaging in it, in the aggregate, could substantially affect interstate commerce, then the Congress can require the purchase of virtually anything. For example, this same rationale would allow Congress to punish individuals for not purchasing a host of health-related products, such as vitamin supplements, the use of which could lower aggregate health costs. Indeed, it is hard to imagine any private decision not to purchase a particular good or service that does not have some economic impact when aggregated among millions of people. Under that rationale, the government could mandate any commercial activity.”
The brief was signed by:
Sen. Mitch McConnell (R-KY), Sen. Orrin Hatch (R-UT), Sen. Lamar Alexander (R-TN), Sen. Kelly Ayotte (R-NH), Sen. John Barrasso (R-WY), Sen. Roy Blunt (R-MO), Sen. John Boozman (R-AR), Sen. Richard Burr (R-NC), Sen. Saxby Chambliss (R-GA), Sen. Daniel Coats (R-IN), Sen. Tom Coburn (R-OK), Sen. Thad Cochran (R-MS), Sen. Susan Collins (R-ME), Sen. Bob Corker (R-TN), Sen. John Cornyn (R-TX), Sen. Mike Crapo (R-ID), Sen. Jim DeMint (R-SC), Sen. Michael Enzi (R-WY), Sen. Chuck Grassley (R-IA), Sen. Dean Heller (R-NV), Sen. John Hoeven (R-ND), Sen. Kay Bailey Hutchison (R-TX), Sen. James Inhofe (R-OK), Sen. Johnny Isakson (R-GA), Sen. Mike Johanns (R-NE), Sen. Ron Johnson (R-WI), Sen. Jon Kyl (R-AZ), Sen. Mike Lee (R-UT), Sen. Richard Lugar (R-IN), Sen. John McCain (R-AZ), Sen. Jerry Moran (R-KS), Sen. Lisa Murkowski (R-AK), Sen. Rand Paul (R-KY), Sen. Rob Portman (R-OH), Sen. James Risch (R-ID), Sen. Pat Roberts (R-KS), Sen. Marco Rubio (R-FL), Sen. Richard Shelby (R-AL), Sen. Olympia Snowe (R-ME), Sen. John Thune (R-SD), Sen. Pat Toomey (R-PA), Sen. David Vitter (R-LA), Sen. Roger Wicker (R-MS).
WASHINGTON — Earlier today, President introduced his annual budget which includes $1.5 trillion in new taxes, much of which has previously been endorsed by Congresswoman Shelley Berkley, while ensuring a fourth straight year of trillion-dollar-plus deficits.
Recognizing the political peril of the Democrats’ tax-and-spend policies Berkley’s liberal mentor Senate Democrat Leader Harry Reid recently said that neither he or his liberal colleagues intend to pass a budget for the third straight year.
“The national debt now exceeds the U.S. GDP, and yet the answer from Barack Obama, Harry Reid and Shelley Berkley is to tax more, spend more, and charge more to the credit card of future generations,” National Republican Senatorial Committee (NRSC) spokesman Jahan Wilcox said today. “The Obama-Reid-Berkley budget and their call for higher taxes and even more spending is yet another defining difference in this year’s election, and one that they will be held accountable for this November.”
What They Are Saying About The President’s Budget….
- “Will Show Mr. Obama Has Failed To Meet His Pledge To Cut The Deficit In Half By The End Of His First Term”: But the document’s numbers will show Mr. Obama has failed to meet his pledge to cut the deficit in half by the end of his term, and for Republicans, that will be the bottom line. (NYT, 2/11/12)
- “Early Documents Admit To Larger-Than-Expected Deficits”: Monday is also the formal release of the budget, but early documents admit to larger-than-expected deficits on the horizon — $1.33 trillion in 2012 and $901 billion in 2013. (Politico, 2/10/12)
- “President’s Plan Would Push This Year’s Deficit Above Current Projections”: The president’s plan would push this year’s deficit above current projections, with the budget gap growing to $1.33 trillion — slightly higher than last year’s $1.3 trillion deficit and $200 billion more than congressional budget analysts recently projected for the fiscal year that ends in September. (WaPo, 2/10/12)
- “Would Mark The Fourth Straight Year Of Deficits Exceeding $1 Trillion”: The new projected deficit would mark the fourth straight year of deficits exceeding $1 trillion and would be higher than the $1.296 trillion deficit logged in 2011. (WSJ, 2/11/12)
- “The Draft Doesn’t Appear To Offer Any New Measures For Deficit Reduction”: The draft doesn’t appear to offer any new measures for deficit reduction beyond proposals Democrats and Republicans clashed over repeatedly last year. (WSJ, 2/11/12)
- “Puts Forward $1.5 Trillion In New Taxes”: It also puts forward $1.5 trillion in new taxes, primarily by allowing the Bush-era tax cuts expire at the end of this year for families making $250,000 or more per year. (AP, 2/12/12)
- “Seen As More A Platform For The President’s Re-Election Campaign Than A Legislative Proposal”: But the latest budget document can be seen as more a platform for the president’s re-election campaign than a legislative proposal for budget debates that will begin next week. (NYT, 2/11/12)
- “Democrats Controlling The Senate Appear Unlikely To Offer A Budget At All, For A Third Straight Year.” (AP, 2/11/12)
- “Senate Democratic Leaders Have Said They Have No Intention Of Adopting A Budget This Year.” (WaPo, 2/13/12)
- “Budgets Only Require 51 Senate Votes For Passage, As Lew – Former Director Of The Office Of Management And Budget – Surely Must Know”: As President Obama prepares to unveil his FY2013 budget Monday, White House chief of staff Jack Lew this morning was asked by CNN to defend the Senate’s refusal to pass a budget in more than 1,000 days. “You can’t pass a budget in the Senate of the United States without 60 votes and you can’t get 60 votes without bipartisan support,” Lew said. “So unless… unless Republicans are willing to work with Democrats in the Senate, [Majority Leader] Harry Reid is not going to be able to get a budget passed.” That’s not accurate. Budgets only require 51 Senate votes for passage, as Lew — former director of the Office of Management and Budget — surely must know. (ABC News, 2/12/12)
“We see these cases as a crucial test of whether we will remain a self-governing republic or slide into the sort of massive welfare state and social chaos that characterizes many European countries.” — Susan A. Carleson, Chairman and CEO, American Civil Rights Union
Feb. 13 — An American Civil Rights Union brief filed today at the U.S. Supreme Court argues that Arizona has the right to enforce existing federal law regarding illegal immigrants. The Justice Department had sued Arizona over its new law directing law enforcement personnel to ask for proof of citizenship when stopping people for law violations.
The brief, authored by ACRU General Counsel Peter Ferrara, states:
“Arizona is ground zero for the illegal immigration tidal wave, with over one-third of all illegal border crossings in the nation in that state alone. This includes gang members in Mexican drug cartels and criminals fleeing their home countries south of the border….”
“The Obama Administration sued the state of Arizona to enjoin the duly enacted state law on its face before it even took effect. The suit alleged the law violated the Supremacy Clause of the U.S. Constitution because its provisions were preempted by the Immigration and Nationality Act (“INA”). But the INA and other federal immigration laws specifically authorize cooperative law enforcement between state and federal officials.”
The other brief, also authored by Mr. Ferrara, is the ACRU’s seventh brief in the federal courts challenging the Patient Protection and Affordable Care Act, better known as ObamaCare. This brief argues that the individual mandate to purchase health insurance exceeds the federal government’s enumerated powers. The administration bases its policy on the Commerce Clause.
“But the Commerce Clause grants Congress the power to regulate interstate commerce,” the brief states. “It does not grant Congress the power to compel individuals to enter into interstate commerce. The Congress itself has recognized this for 220 years, as it has never before enacted a law compelling individuals to purchase particular products and services.”
“We see these cases as a crucial test of whether we will remain a self-governing republic or slide into the sort of massive welfare state and social chaos that characterizes many European countries,” said ACRU Chairman and CEO Susan A. Carleson. “We have high hopes that the Supreme Court will check these obvious overreaches of federal power.”
WASHINGTON – Earlier today, President Obama introduced his Fiscal Year 2013 budget request, calling for record levels of spending increases, tax hikes, and debt. The President’s budget breaks his promise to cut the deficit in half by the end of his first term, and it breaks his obligation to all Americans to confront the nation’s spending-driven debt crisis.
In response to the President’s failure of leadership, House Budget Committee Chairman Paul Ryan of Wisconsin issued the following statement:
“President Obama’s irresponsible budget is a recipe for a debt crisis and the decline of America. His refusal to honestly confront our nation’s most pressing challenges does real harm to the economic security of millions of American families. The $1.9 trillion tax increase proposed in his budget will make it harder for businesses to create jobs and for workers to spur economic growth.
“This budget does nothing to prevent the bankruptcy of critical programs, threatening the health and retirement security of current and future seniors. Worse, it continues the President’s policy of letting an unaccountable board of bureaucrats cut Medicare in ways that will lead to denied care for seniors. The broken promises and recycled gimmicks contained in this budget have dramatically widened this President’s growing credibility deficit.
“Our families, seniors, children and grandchildren deserve better than this reckless budget and this dismal failure of leadership. As Chairman of the House Budget Committee, I will continue to work with my colleagues – from both parties where possible – to advance bold solutions that lift our crushing burden of debt and ensure a future of opportunity, growth and prosperity.”
Key facts from the President’s budget:
- Spends Too Much:
- $47 trillion of government spending over the next decade
- Proposes a net increase over current spending projections
- Taxes Too Much:
- $1.9 trillion in new taxes
- Raises taxes, not to pay down the debt, but to fuel more government spending
- Borrows Too Much:
- Four straight years of trillion-dollar-plus deficits; no plan to reduce the debt
- Gross debt at the end of FY22: $25.9 trillion
- Budget Gimmicks & Broken Promises
- Overstates new deficit reduction by taking credit for savings already enacted
- Exploits discredited budget gimmick by “not spending” nearly $1 trillion that was never going to be spent
A bicameral fact sheet prepared by the House Budget Committee and Senate Budget Committee:
President Obama’s budget is bad for jobs, bad for seniors, and makes the economy worse.
House Budget Committee And Senate Budget Committee Republican Summary Of President’s FY2013 Budget
The President has not merely ducked from our fiscal and economic challenges, but—with his fourth straight budget flop—he has advanced policies that dangerously accelerate the crisis before us. His gimmick-filled budget fails to reduce the fast-rising debt, permanently entrenches unsustainable levels of government spending, and erects new barriers to upward mobility. His plan stifles economic growth, threatens the health and retirement security of millions of Americans, and commits the next generation to a diminished future.
Spends Too Much: $47 Trillion In Ten Years — A Net Increase Over Current Projections
After four straight years of trillion-dollar-plus deficits (breaking his promise to cut the deficit in half), President Obama’s budget worsens our fiscal crisis and speeds the country to bankruptcy. Three years after the passage of the President’s trillion-dollar spending stimulus, this gimmick-filled budget calls for more wasteful spending taken from workers’ paychecks or borrowed from abroad. The massive spending increases are greater than the few proposed spending reductions.
|Spending in FY13: $3.8 trillion|
|Spending in FY22: $5.8 trillion|
|Increased spending concealed through gimmicks: $1.5 trillion|
|Total government spending over the next ten years: $47 trillion|
Taxes Too Much: $1.9 Trillion In New Taxes
The President’s budget imposes a heavy cost for its commitment to intrusive government—diminishing economic opportunity by imposing the largest tax hike in history. Taking trillions more tax dollars from hardworking American families will further depress wages and destroy jobs at a time when millions of Americans remain out of work. In total, this budget imposes $1.9 trillion in new taxes on families, small businesses, and job creators—all to fund wasteful Washington spending.
|Income tax hike: $1.4 trillion||Death tax hike: $143 billion||Other tax increases: $340 billion|
Borrows Too Much: $11 Trillion Added To The Debt
Under President Obama’s watch, the federal government’s total debt has surpassed the size of the economy—undermining job creation today and threatening a debt crisis tomorrow. The President’s budget ignores the drivers of our debt, bringing America perilously close to a European-style crisis:
|Deficit in FY12: $1.3 trillion||Deficit in FY13: $901 billion||Deficit in FY22: $704 billion|
|Gross debt accumulated during President’s first term: $6.4 trillion|
|Gross debt at the end of FY22: $25.9 trillion|
|Annual interest payments on the debt by FY22: nearly $1 trillion|
Gimmicks, Tricks and Broken Promises
The President’s meager deficit-reduction claims seek to take credit for over $2 trillion in savings already in law and the exploitation of discredited budget gimmicks, including almost $1 trillion in “savings” from money that was never requested and never to be spent in Iraq and Afghanistan.
By failing to put forward long-overdue reforms, his budget allows Social Security to fall into bankruptcy (imposing an across-the-board 23 percent cut on seniors) and gives unaccountable government bureaucrats control over cutting Medicare in ways that would result in denied care for seniors. No credible action is taken to lift the crushing burden of debt. This President’s empty promises are quickly becoming broken promises for millions of Americans.
Senate Republicans want to add an amendment to the highway bill that would mandate construction of the Keystone XL pipeline.
GOP lawmakers backing the controlversial oil pipeline plan to file an amendment mandating the project to the Senate transportation package Monday. It is unclear whether the Keystone measure—one of scores of proposed additions to the highway package—will come up for a vote.
The Senate last week began debate on the big transportation programs funding bill.
The move underlines the GOP’s determination to promote the pipeline and attack the Obama administration for rejecting a permit for developer TransCanada Corp. in January. Republicans in both chambers along with the GOP candidates for president have consistently bashed President Obama for his decision to reject the pipeline, which they argue will cost the country jobs.
Keystone XL would bring oil from Alberta’s massive tar sands projects to Gulf Coast refineries. It’s also envisioned to carry oil from the Bakken formation in North Dakota and Montana, where production is booming.
Pipeline backers – including most Republicans, some Democrats, major business groups and several unions – call the project a way to create jobs and boost energy security.