Obama’s New Budget Would Rack Up Additional $3.5 Trillion in US Debt!

Obama's new budget would add $3.5 Trillion to US Deficit!

Obama's new budget would add $3.5 Trillion to US Deficit!

The CBO has scored the Obama administration’s new budget, and their non-partisan analysis shows that Obama has no plan to reduce the huge deficit that the Democrats and his administration have exploded.

The CBO analysis of Obama’s budget exposes what Obama and the Democrats don’t want you to know; that Obama and the Democrats have no idea how to reduce the Obama administration’s rampant over-spending, and are hell-bent on bankrupting our nation as quickly as possible!

President Obama’s budget would pile up an additional $3.5 trillion in debt over the next 10 years and shows the government’s trust funds running out of money in 2020, Congress’s official non-partisan scorekeeper said Friday.

In 2012 alone Mr. Obama’s budget would leave a $1.3 trillion deficit — $82 billion worse than if none of his policies were enacted. Over the next ten years the deficit would dip to less than a half-trillion dollars in 2017, but would rise again in the later years.

By 2022, a decade from now, the federal government would



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Charles Krauthammer: ‘Call Obama’s bluff’

Charles Krauthammer is, by far, the smartest political mind in the media today, and he hits the nail right on the head in his new piece titled “Call Obama’s bluff”.

Mr Krauthammer goes after Obama’s assertion that he would not sign any deal less than 120 days, but has no plan of his own to deal with entitlements and the current Obama budget crunch.

I agree with Mr Krauthammer ! The GOP should pass their budget plan in the House and then wait and see what happens in the Senate. If it fails there, blame will be mainly placed at the feet of the Democrats.

President Obama is demanding a big long-term budget deal. He won’t sign anything less, he warns, asking, “If not now, when?”

How about last December, when he ignored his own debt commission’s recommendations? How about February, when he presented a budget that increases debt by $10 trillion over the next decade? How about April, when he sought a debt-ceiling increase with zero debt reduction attached?

All of a sudden he’s a born-again budget balancer



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