President Obama's proposed 2012 budget that includes tax hikes and "difficult" cuts is a cruel, cruel joke. Seriously, how "painful" can "cuts" be, when they add up to $3,730,000,000,000 in spending?
This is unacceptable. Only the sheep will consent.
For now, Mr. Obama and the Republicans are choosing to clash over a narrow slice of federal spending—the 15% devoted to discretionary programs unrelated to security and defense—while the entitlement programs that are driving projected federal deficits remain unaddressed by either party.
Of course neither party is taking the budget problem seriously. After all, there ain't a dime's worth of difference between them! Both parties are filled with power-hungry parasites who live to boss you around and steal your money.
Washington, DC, is a criminal enterprise.
Mr. Obama's budget, to be released Monday, calls for spending cuts and tax hikes that would slice about 14% of the approximately $8 trillion in cumulative federal deficits that would occur over the next 10 years without action being taken. It estimates the deficit will fall to $1.1 trillion next year as the economy picks up and the president's proposed spending freeze begins to have effect.
Living in fantasy land ... Put simply, there is no economic recovery on the horizon. In fact, things are only going to get worse. A lot worse.
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.
This country has a lot to learn from the bravery of the Egyptian people. At this point, nothing short of a (peaceful) revolution will fix this country's woes.