Article

2015-02-03 Government

Obama sending $4 trillion spending plan to Congress

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Posted by Fred 2015-02-03 00:00|| || Front Page|| [11132 views ] Top

#1 Well, he may not be at war with radical Islam but he's definitely at war with the middle class.

Seems by the time the definition of rich is finalized it is a lot of folks a lot further down the chain than Warren Buffet or the Prexy of Chase Manhattan.

I can remember when the Clintonistas floated a tax the rich scheme. When it was announced, it turned out my $150,000 taxable household income, and home ownership made me "rich" and subject to the pillage and plunder provisions of that scheme.

Much like it appears it is with this. Almost $2Trillion in new taxes, supposedly "tax the rich" but when you read them, you realize that just about anyone with a retirement account, stock, or plans to sell their home and downsize in retirement is going to pay a whopper of a tax bill when they decide to tap into those assets.

Posted by mystic 2015-02-03 00:24|| 2015-02-03 00:24|| Front Page Top

#2 Oh and I forgot even with the $2.0 Trillion in new taxes, the budget projects an $875 Billion deficit....

So what's the national debt now?

Posted by mystic 2015-02-03 00:26|| 2015-02-03 00:26|| Front Page Top

#3 $17.5 trillion - but hey, who's counting?

Posted by Raj 2015-02-03 00:42|| 2015-02-03 00:42|| Front Page Top

He's worked it all out on this handy card. Have a look, you'll see.

Posted by Besoeker 2015-02-03 03:51|| 2015-02-03 03:51|| Front Page Top

"It worked for Russia."

Posted by Besoeker 2015-02-03 06:21|| 2015-02-03 06:21|| Front Page Top

#6 Spending other peoples money is fun.

BTW, inflation is just another form of taxing by way of reducing the value of your income.

Posted by Procopius2k 2015-02-03 07:48|| 2015-02-03 07:48|| Front Page Top

#7 It appears he wants to drive all American businesses overseas.

Posted by Glenmore 2015-02-03 07:49|| 2015-02-03 07:49|| Front Page Top

#8 ...cause it's working so well in Valenzuela?

Posted by Procopius2k 2015-02-03 08:36|| 2015-02-03 08:36|| Front Page Top

#9 How will we pay for "it", whatever "it" is? The old-fashioned way, by borrowing money, money which will never be re-paid.

Posted by Anguper Hupomosing9418 2015-02-03 10:04|| 2015-02-03 10:04|| Front Page Top

#10 This just in - women and children hit hardest by the Plan

President Obama released his $4 trillion fiscal year 2016 budget proposal Monday, and in it he outlined some ambitious health care initiatives to improve efficiency and eliminate waste. But buried a little bit deeper is a $50 million cut to one of the U.S.’s longstanding vaccine programs for the under- and un-insured. - cite

H/T Instaprof

Posted by Procopius2k 2015-02-03 12:57|| 2015-02-03 12:57|| Front Page Top

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