Obama's honest budget

Discussion in 'Economy' started by Chris, Mar 1, 2009.

  1. Chris
    Offline

    Chris Gold Member

    Joined:
    May 30, 2008
    Messages:
    23,154
    Thanks Received:
    1,958
    Trophy Points:
    205
    Location:
    Virginia
    Ratings:
    +2,089
    President Barack Obama gambled big Thursday when he unveiled his first budget. He treated taxpayers like grown-ups. His extraordinary candor about what Washington spends, and what he thinks it will cost to get the economy out of the tank and on course for a sound future, is refreshing.

    The figures are huge - $3.6 trillion to be spent in 2010, with almost $1.2 trillion of it to be borrowed. And the spending plan signals a sharp, maybe even historic, change of direction on taxes and the role of government. By baldly laying his cards on the table, Obama is betting that the public can handle the truth. It needs to.

    The economy is in a tailspin. It contracted at a 6.2 percent pace in the last three months of 2008, the Commerce Department reported Friday - its worst performance in decades. The White House announced the same day that it will take a 36-percent stake in Citigroup. Those are ominous reminders that the nation has critical decisions to make in order to turn things around. Obama's truth in budgeting will help to make them informed ones.

    First, he ditched Washington-style budget sleight-of-hand and honestly laid out what the government will actually spend. It has been common for presidents from both parties to employ gimmicks to make their choices appear more palatable.

    Obama explicitly rejected some of the more egregious budgeting practices of his immediate predecessor. President George W. Bush never included the cost of the wars in Iraq and Afghanistan in his budgets, for instance, opting instead to treat those military campaigns as emergencies and fund them off the books. He took a similar approach with the entirely predictable $60 billion it cost the Treasury for each year that Congress spared 20 million taxpayers the expensive bite of the alternative minimum tax. Bush also budgeted nothing for federal disaster response, though natural disasters invariably occur. Obama included all three things in his 10-year budget.

    Obama's budget gives it to U.S. straight -- Newsday.com
     
    • Thank You! Thank You! x 1
    Last edited: Mar 1, 2009
  2. 007
    Offline

    007 Charter Member Supporting Member

    Joined:
    May 8, 2004
    Messages:
    38,604
    Thanks Received:
    7,922
    Trophy Points:
    1,130
    Ratings:
    +12,237
    Keep drinkin' that kool aide chrissy ....................................... [​IMG]
     
  3. FactFinder
    Offline

    FactFinder VIP Member

    Joined:
    Mar 1, 2009
    Messages:
    2,641
    Thanks Received:
    202
    Trophy Points:
    83
    Ratings:
    +237
    Obama's honest budget

    Not quite. He failed to tell you that it is primarily a Pelosi Shopping Spree financed as a subprime loan from China that reaches maturity when your kids and grandkids come of age. Do you think they will have to choose slavery or war?
     
    Last edited: Mar 1, 2009
  4. 007
    Offline

    007 Charter Member Supporting Member

    Joined:
    May 8, 2004
    Messages:
    38,604
    Thanks Received:
    7,922
    Trophy Points:
    1,130
    Ratings:
    +12,237
    There's a revolution coming... and it's not too far off.
     
  5. elvis
    Offline

    elvis BANNED Supporting Member

    Joined:
    Sep 15, 2008
    Messages:
    25,882
    Thanks Received:
    4,303
    Trophy Points:
    0
    Ratings:
    +4,303
    what kind of revolution?
     
  6. garyd
    Offline

    garyd Senior Member

    Joined:
    Dec 19, 2008
    Messages:
    3,943
    Thanks Received:
    401
    Trophy Points:
    48
    Location:
    Oklahoma
    Ratings:
    +401
    Honest??? It's little more than a gamble that the voters have a short memory span and that the economy will turn around in spite of this bogus boondoggle of big government programs that will castrate the recovery before it ever gets started.
     
  7. FactFinder
    Offline

    FactFinder VIP Member

    Joined:
    Mar 1, 2009
    Messages:
    2,641
    Thanks Received:
    202
    Trophy Points:
    83
    Ratings:
    +237
    The economy is too damaged to turn around very quickly. We are just getting started in this recession.

    The Whitehouse is predicting 8+% unemployment for this year. It was 7.6% in January and February saw the rates of layoffs increasing. We may already have attained the Whitehouse estmates for the entire year. If they are making decisions based on wildly optimistic numbers then their decisions are going to be as poor as they have already shown.

    The stimulus will not stimulate the economy and the only jobs it will save is local government jobs.

    There is no real extra money floating the private sector. Just cash for government and their cronies.

    This of course all paid for with an IOU or rather KGOU.
     
  8. pete
    Offline

    pete The food stamp president

    Joined:
    Oct 31, 2008
    Messages:
    1,581
    Thanks Received:
    232
    Trophy Points:
    98
    Ratings:
    +232
    Whats that going in?
    [​IMG]
     
  9. Burp
    Offline

    Burp Always carry, never tell

    Joined:
    Jan 22, 2009
    Messages:
    1,133
    Thanks Received:
    193
    Trophy Points:
    48
    Ratings:
    +193
    Honest? The stimulus broke at least seven of his promises:

    1. Make government open and transparent.

    2. Make it "impossible" for Congressmen to slip in pork barrel projects.

    3. Meetings where laws are written will be more open to the public. (Even Congressional Republicans shut out.)

    4. No more secrecy.

    5. Public will have 5 days to look at a bill.

    6. You’ll know what’s in it.

    7. We will put every pork barrel project online.

    I won't even go into the promises he made during the campaign that he has broke (i.e. no lobbyists in the White House, etc.)

    There is one promise he kept though.

    He did buy his girls a dog.
     
    • Thank You! Thank You! x 2
  10. Article 15
    Offline

    Article 15 Dr. House slayer

    Joined:
    Jul 4, 2008
    Messages:
    24,673
    Thanks Received:
    4,832
    Trophy Points:
    183
    Ratings:
    +4,859
    Then man up or quit talking shit because all I see is a whining little bitch with an Internet connection.
     
    • Thank You! Thank You! x 1

Share This Page