"WASHINGTON -- President Barack Obama will break a campaign pledge and sign a budget bill laden with millions in lawmakers' pet projects, administration officials said.
Administration budget chief Peter Orszag and White House chief of staff Rahm Emanuel both downplayed the $410 billion spending bill and signaled Obama would hold his nose and sign it. Orszag said: "We want to just move on. Let's get this bill done, get it into law and move forward.
Said Emanuel: "That's last year's business."
The House last week passed the measure that would keep the government running through Sept. 30, when the federal budget year ends. Taxpayers for Common Sense, a watchdog group, identified almost 8,600 specially sponsored projects totaling $7.7 billion; Democrats say the number is $3.8 billion...."
Go to the link for the full article.
Go here for published details on the budget. http://www.whitehouse.gov/omb/budget/
Here's what I'm noticing. Obama is blaming Bush for the economy and the inherited deficit etc. etc. etc. because so many of you are eating that up with your hatred for Bush. I don't care what your feelings are about Bush, but are you all really buying the mantra that spending even more money than Bush is a good solution to cut the deficit? Do you really think that increasing the taxes of only the rich is really going to pay for the deficit and cover the increased spending?
These "evil rich people" provide jobs for you and me. And if they don't provide jobs they are probably rich enough to figure out how ride out the administration and not pay taxes for the next 4 years by not selling their investments to realize capital gains. Let's not forget the stock market keeps dropping on a daily basis, that they will probably realize capital losses and if they do pay income taxes, their losses might counter act any income taxes they would have paid.
If you care one iota about fiscal responsibility and the government not going haywire with your tax dollars, tell your representatives and senators. They need to know where you stand. Regardless of what side of the aisle they are on. They have all been guilty of porky spending and they ALL need to know you care. Write them!!! Call them!!! NOW!!!
A word to those of you that said Clinton did it so I trust Obama. Clinton cut the military to virtually nothing and the world trade center was first bombed during his administration and then crashed into right after he left office. Obama may be talking about reducing troops in Iraq but he's talking about increasing the presence in Afghanistan. So that's not going to realize a lot of savings. Plus with all he's proposing to do, he'll replace spending in Iraq and Afghanistan with spending here. But you seem to be OK with that.
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