View Full Version : Obama's 2012 budget

Feb 14th 2011, 05:14 PM
From House Budget Committee Chairman Paul Ryan:

$3.8 trillion in spending this year; 25.3% of GDP (highest since WWII)
$46 trillion in spending over the decade; $8.7 trillion in new spending
$1.6 trillion tax hike on families, small businesses, and job creators
Revenues as a percent of GDP climb to 20%
$1.6 trillion deficit for FY2012; a record third straight trillion dollar deficit
Doubles and then triples debt held by the public since President took office
$13 trillion added to the debt over the decade


Feb 14th 2011, 05:18 PM
I hope.

You keep the change.

Feb 14th 2011, 05:34 PM
It seems difficult to believe that this man is not intending to further hobble the US economy. :hmm:

Consider this little bit; (from AP story here (http://news.yahoo.com/s/ap/20110214/ap_on_re_us/obama_taxes)).

....taxpayers would have their itemized deductions limited, including deductions for mortgage interest, charitable contributions and state and local taxes.....

Less incentive for corporate contribution to charities breeds more room for expansion of Gov. programs. :rolleyes:

Feb 14th 2011, 05:35 PM
He's buying a stairway to heaven...I mean he's investing in a stairway to heaven but it doesn't fit the melody as well.

For the cause of Christ

Feb 14th 2011, 05:38 PM
He's picking a fight with the Republican controlled house. Can he win it? Who knows.

Liquid Tension
Feb 14th 2011, 05:52 PM
When Reagan was president, we had Bob Hope and Johnny Cash. With BHO as president, we have no hope and no cash.

Don't blame, I voted for the old guy and the hot chick.

Feb 14th 2011, 07:36 PM
I just clicked over to CNN to see what spin they would have on this.

According to them Obama is making deep cuts and has angered some Dems over it. According to CNN Obama's budget will reduce the deficit.

Good old CNN, always good for a laugh. :lol:

Liquid Tension
Feb 15th 2011, 08:58 AM
Good old DNN, always good for a laugh. :lol:

There, fixed it for ya! :lol: :P