The Obama 2012 Budget Proposal

[Trajan]

The President since the 1921 reshuffle/revamp of exec. and legislative procedural responsibilities etc. has presented a budget to congress the first Monday on feb. ( we missed that mark due to Egypt I guess) and a few other exceptions like last year when he had health care in his mind and congress didn’t press him so we have NO budget presented for implementations for this year.


I am not going to post anything specific right now, I am still trying to read and digest whats is or not in the darn thing……..go research it yourself since everyone ( me you et al ) will use what they consider a friendly/informed site that will highlight their own areas of interest, since none of us will read the thing.

BUT one thing appears to be sure; he has not addressed, the big ones..... this budget appears to be short of heft in the entitlement area. What are and is his plans for the biggies, defense, Medicare, SS etc.?

anyway heres a link to the actual text....

Obama Releases $3.73 Trillion Budget - WSJ.com

 

[ScreamingEagle]

 

[Mr. H.]

Why, oh why would the POTUS single out one particular industry for $46 billion in tax increases?

Maybe, as he proclaimed in his SOTU speech "they're just doing fine on their own".

This shit didn't fly when the Dems were in control, yet he throws it out there again?
One of the few industries that is booming, creating jobs, reducing the trade deficit, fattening local state and federal coffers, paying billions in taxes and royalties - and he wants to put the hammer down?

WIN THE FUTURE!

 

[Foxfyre]

The President since the 1921 reshuffle/revamp of exec. and legislative procedural responsibilities etc. has presented a budget to congress the first Monday on feb. ( we missed that mark due to Egypt I guess) and a few other exceptions like last year when he had health care in his mind and congress didn’t press him so we have NO budget presented for implementations for this year.


I am not going to post anything specific right now, I am still trying to read and digest whats is or not in the darn thing……..go research it yourself since everyone ( me you et al ) will use what they consider a friendly/informed site that will highlight their own areas of interest, since none of us will read the thing.

BUT one thing appears to be sure; he has not addressed, the big ones..... this budget appears to be short of heft in the entitlement area. What are and is his plans for the biggies, defense, Medicare, SS etc.?

anyway heres a link to the actual text....

Obama Releases $3.73 Trillion Budget - WSJ.com

I haven't studied it in any detail yet but the early commentaries are that anything listed as 'savings' in the budget are an increase in taxes and fees. Anything touted as 'investment' is just more spending that will again almost certainly be mostly directed to paying off cronies and special interests.

And the deficit reduction is always "the next year" or on down the line. His budget will reduce the deficit by x $$$$$ but over the next ten years.

Meanwhile the current budget is projected to produce a $1.7 trillion deficit.

 

[Foxfyre]

Remember awhile back when the President announced he would lead by example by cutting the staff/cabinet budgets by $100,000?

To put that in perspective, if the federal budget was $1,000, that $100,000 would translate to about 26 cents. That would leave the government about $999.74 to spend.

We cannot continue this way. We either have to bite the bullet and take the deep cuts even if they hurt, or the national debt will soon exceed the GNP and we will be a bankrupt nation pretty much at the mercy of the whims of a world that doesn't like us vey much.

 

[editec]

It's too damned small to read.

 

[Pepe]

3.7T-1.65T=2.05T

The Imperial Mandarins are only expecting to draw 2.05 Trillion in revenue from all sources for FY2012.

Hell. If we didn't spend a dime on Social Security and DoD magically disappeared....we'd still be sloshing "red ink."

Sad commentary on those who continue to vote for either of the two Socialist parties that comprise the Duopoly.

 

[Toro]

It's a big disappointment. They have to do more. Cutting the deficit by $1 trillion over a decade is small potatoes. We're going to have to elect serious politicians to get this done.

 

[mudwhistle]

Why, oh why would the POTUS single out one particular industry for $46 billion in tax increases?

Maybe, as he proclaimed in his SOTU speech "they're just doing fine on their own".

This shit didn't fly when the Dems were in control, yet he throws it out there again?
One of the few industries that is booming, creating jobs, reducing the trade deficit, fattening local state and federal coffers, paying billions in taxes and royalties - and he wants to put the hammer down?

WIN THE FUTURE!

15 new taxes for us, including a higher Death-tax, higher taxes on energy producers, and higher taxes on the insurance industry.

All of those taxes will be placed in our laps.

Yeah, but he gave us $13 bucks a pay period. Big whoop.

 

[boedicca]

The big glaring bloated elephant in the room is that Entitlements plus Interest On The Debt are going to swamp any cuts in other areas.

 

[Foxfyre]

Fiscal conservatives in Congress can only do so much. Those in the House still have to deal with a number of RINOS that will vote with the Democrats on a lot of fiscal conservatism and there aren't enough Democrat conservatives to offset them. The Senate is still controlled by Harry Reid.

The President is making a few noises that he is willing to compromise on this or that, but the budget he just presented sure doesn't look like any kind of compromise to me.

How much longer will the American people accept the bad stuff being stuffed down their throats now on the strength of promises that are supposed to happen on down the road?

Don't you think most of us would wise up sooner or later?

 

[Trajan]

It's a big disappointment. They have to do more. Cutting the deficit by $1 trillion over a decade is small potatoes. We're going to have to elect serious politicians to get this done.

well andrew sullivan is no righty, in fact hes probably the O's no.1 bloggster sppt. ....he spoke to this today;

snip-

The logic behind president Obama's budget has one extremely sensible feature: it distinguishes between spending that simply adds to consumption, and spending that really does mean investment. His analogy over the weekend - that a family cutting a budget would rather not cut money for the kids' education - is a sound one. We do need more infrastructure, roads and broadband, non-carbon energy and basic science research, and some of that is something only government can do. In that sense, discretionary spending could be among the most important things government could do to help Americans create wealth themselves. And yet this is the only spending Obama wants to cut.

snip-

[Senators] have to lead, because this president is too weak, too cautious, too beholden to politics over policy to lead. In this budget, in his refusal to do anything concrete to tackle the looming entitlement debt, in his failure to address the generational injustice, in his blithe indifference to the increasing danger of default, he has betrayed those of us who took him to be a serious president prepared to put the good of the country before his short term political interests. Like his State of the Union, this budget is good short term politics but such a massive pile of fiscal bullshit it makes it perfectly clear that Obama is kicking this vital issue down the road.

To all those under 30 who worked so hard to get this man elected, know this: he just screwed you over. He thinks you’re fools. Either the US will go into default because of Obama’s cowardice, or you will be paying far far more for far far less because this president has no courage when it counts. He let you down. On the critical issue of America’s fiscal crisis, he represents no hope and no change. Just the same old Washington politics he once promised to end.


more at-
Obama To The Next Generation: Screw You, Suckers - The Daily Dish | By Andrew Sullivan

 

[Dont Taz Me Bro]

This budget is insulting to every American citizen. This is also politically stupid on his part because he just gave the Republicans an arsenal of ammunition.

 

[Trajan]

This budget is insulting to every American citizen. This is also politically stupid on his part because he just gave the Republicans an arsenal of ammunition.

he also, basically told everyone who cares to parse it, this move to the center is a sham. Not that most of us didn't know that already but this creates the stark contrast between words and actions.....that one cannot run from.

Bush got his head kicked in for leading with his chin ala privatizing SS, but he lead.....

 

[Foxfyre]

The big glaring bloated elephant in the room is that Entitlements plus Interest On The Debt are going to swamp any cuts in other areas.

One thing all the commentators were talking about this morning is that no changes in social security or Obamacare are included in this budget--apparently all big entitlements are not on the table to even be looked at, much less debated.

 

[Ernie S.]

Why, oh why would the POTUS single out one particular industry for $46 billion in tax increases?

Maybe, as he proclaimed in his SOTU speech "they're just doing fine on their own".

This shit didn't fly when the Dems were in control, yet he throws it out there again?
One of the few industries that is booming, creating jobs, reducing the trade deficit, fattening local state and federal coffers, paying billions in taxes and royalties - and he wants to put the hammer down?

WIN THE FUTURE!

Did you actually expect an intelligent budget proposal from obama?

 

[Trajan]

The big glaring bloated elephant in the room is that Entitlements plus Interest On The Debt are going to swamp any cuts in other areas.

One thing all the commentators were talking about this morning is that no changes in social security or Obamacare are included in this budget--apparently all big entitlements are not on the table to even be looked at, much less debated.

hes waiting for the reps to bring that up so he can kick dirt, because no matter WHAT they propose, the 'theys gonna kill grannie' will be the political ads the very moment they table it.....its is as sullivan and several others have noted, an abrogation of leadership and one of the most cynical political moves in decades and considering the last 2 admins, thats saying something let me tell you...

 

[Foxfyre]

The big glaring bloated elephant in the room is that Entitlements plus Interest On The Debt are going to swamp any cuts in other areas.

One thing all the commentators were talking about this morning is that no changes in social security or Obamacare are included in this budget--apparently all big entitlements are not on the table to even be looked at, much less debated.

hes waiting for the reps to bring that up so he can kick dirt, because no matter WHAT they propose, the 'theys gonna kill grannie' will be the political ads the very moment they table it.....its is as sullivan and several others have noted, an abrogation of leadership and one of the most cynical political moves in decades and considering the last 2 admins, thats saying something let me tell you...

You're right. If the GOP does exercise responsible leadership, the Democrats, aided and abetted by the MSM, will make it look like they are uncaring, heartless monsters.

If they do NOT exercise responsible leadership in this, they are going to bitterly disappoint the conservative base that gave them their majority in the House and a stronger position in the Senate.

Great political risk either way they go. Let's hope they opt to go the right way.

 

[Mr. H.]

Why, oh why would the POTUS single out one particular industry for $46 billion in tax increases?

Maybe, as he proclaimed in his SOTU speech "they're just doing fine on their own".

This shit didn't fly when the Dems were in control, yet he throws it out there again?
One of the few industries that is booming, creating jobs, reducing the trade deficit, fattening local state and federal coffers, paying billions in taxes and royalties - and he wants to put the hammer down?

WIN THE FUTURE!

Did you actually expect an intelligent budget proposal from obama?

It would reinforce his "win the future" theme.
Looks like he's just postponing the future.

 

[Ernie S.]

Why, oh why would the POTUS single out one particular industry for $46 billion in tax increases?

Maybe, as he proclaimed in his SOTU speech "they're just doing fine on their own".

This shit didn't fly when the Dems were in control, yet he throws it out there again?
One of the few industries that is booming, creating jobs, reducing the trade deficit, fattening local state and federal coffers, paying billions in taxes and royalties - and he wants to put the hammer down?

WIN THE FUTURE!

Did you actually expect an intelligent budget proposal from obama?

It would reinforce his "win the future" theme.
Looks like he's just postponing the future.

Or calling it off all together.