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Washington Examiner: Obama’s Plan To “Pay Down Our Debt” Would Add $10.6 Trillion In Federal Debt…
More smoke and mirrors from the liar in chief.
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c/o Senate Budget Committee
President Obama’s budget will add almost $11 trillion to the federal debt over the next ten years, according to the ranking member on the Senate Budget Committee.
Obama’s budget, which was unanimously voted down in the House and the Senate, would increase the national debt to $25.4 trillion by 2022, according to the office of Sen. Jeff Sessions, R-Ala., which studied the update filed by Obama’s Office of Management and Budget.
Sessions’ office noted that the president’s budget is consistent with his claims that the country can “pay down our debt in a balanced way” by raising taxes on the wealthy. “[T]he President’s call for tax increases would not be used to reduce deficits, but rather to fund new spending,” his office said.
The updated budget outlook contradicts the White House’s claims earlier this year. “Our budget will get us, over the next several years, to the point where we can look the American people in the eye and say we’re not adding to the debt anymore; we’re spending money that we have each year, and then we can work on bringing down our national debt,” White House Chief of Staff Jack Lew told CNN in February.
read more here: http://washingtonexaminer.com/obamas-budget-would-add-10.6-trillion...
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Comment by LOTTO NICK ! on August 17, 2012 at 11:48am
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alos if Obummer wants 10 yrs of tax records then Romney should demand that obummer release his school records and how he declared himself for financial aid!!![as a forgeign student]
ps voting for Gary Johnson or Paul would be great but we need more time in this election to get a majority support for them.
Getting the word out and getting them appointed to the ROMNEY CABINET IS THE KEY .
do not waste a vote but help get out BILL NELSON,OBUMMER ,REED PELOSI,AND ETC.... GET IN ROMNEY,RYAN,DESANTAS IN AND HAVE ROMNEY APPOINT JOHNSON AND PAUL AND MORE LIBERTARIANS TO THE ROMNEY CABINET NOW TO GET THEM TOTAL EXPOSURE FOR NEXT ELECTION!!!!!!
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I do not understand why Romney will not make a commercial exposing CLINTON,DODD,FRANK AND HOW THEY HAVE DESTROYED THE JOBS,WALL STREET,THE HOUSING ,THE ECONOMY AND THE SCHOOLS AND THE VALUES WE LOST IN OUR SCHOOLS ,THAT NOW REQUIRE SECURITY AND A DRESS CODE THAT ALLOWSPIERCED EARS,COLORED HAIR AND DROOPING PANTS ?????
ALL HE WOULD NEED TO DO IS SHOW CLIPS OF A PUBLIC SCHOOL IN 1960,1970,1980 AND NOW AND SHOW A COMMENT WITH A PICTURE OF DODD.FRANK,CLINTION ,PELOSI AND READ WHAT THEY DID TO CAUSE ISSUES IN HOUSING,WALL STEET AND BANKS,ABORTIONS,SCHOOLS AND PRAYER AND RELIGIOUS RIGHTS ELIMINATION IN OBAMA CARE.
ITS ALL A PLAN TO GIVE OUR RIGHTS OVER TO THE UNITED NATIONS AND THE NEW WORLD ORDER
PS. YOU NEED TO SEE THE MOVIE 2016.
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here is what i think ...wall street problem ...created by CLINTION [ELINIMATION OF GLASS STEAGAL AND THE START OF HEDGE FUNDS AND BANKS GAMBLING WITH PEOPLES SAVINGS],HOUSEING PROBLEM...CHRIS DODD,BARNEY FRANK AND CLINTON PUSHING FOR ALL AFFORDABLE HOUSING WITH FREDDY AND FANNY [BUSH TRIED TO WARN THE DEMOCRATIC CONCRESS 8 TIMES IN THE 4 YRS OF THEIR POWER OF WHIC NO BUDGET WAS CREATED BY THEM AND THE SENATE WHICH IS ILLEGAL!!!!!1]
ECNOMY AND JOBS..WELL OBAMA APPOINTS GE JEFF INMELT TO HEAD JOB CREATION AND HE SENDS HIS JOBS TO CHINA...WHAT A JOKE.
THEN OBAMACARE...FREE CONTRASEPTIVES,ABORTION 15 MEMBER PANEL TO APPOVE PROCEDURES FOR THE LAST 3 YRS OF LIFE BASED ON ECONOMICS,WELL THIS IS EUTHANAZA [SORRY FOR SPELLING] AND KILLING OF LIFE.THEY ARE THE PARTY OF DEATH ,WORRIED ABOUT POPULATION OVERLOAD AND THEY ARE ALLOW OUR FUTUR GENERATIONS NOT TO BE BORN.WERE IS THE PROTECTION OF LIFE PEACE ,HAPPINESS AND LIBERTY FOR ALL CITIZANS BORN AND UNBORN!!!!
WE WOULD NOT HAVE A GUN PROBLEM IF OUT CHILDREN WOULD BE ALLOW TO PRAY IN SCHOOL ,LEARN ABOUT ETHICS,ABOUT CIVICS AND RESPECT OF AMERICAN LIFE IN SCHOOL INSTEAD OF SEX,EDUCATION AND ALTERNATE LIFESTYLES.
WHAT IN THE HELL WAS WRONG WITH AN EDUCATION THAT PROVIDED A BASIS FOR A LOVE OF COUNTY ,LOVE OF LIFE,FINANCE AND HOW TO BALANCE A CHECK BOOK .
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A matter of fact - Looking at our debt
This is worth watching...
This a very frightening and non partisan video produced by an accountant, Hal Mason, retired after 27 years with IBM. He looks at the budget, its revenues and expenses and very simply illustrates the problem. Amazingly, we get all the media talking heads blathering and shouting for hours, and never get clarity. This guy does it in 5 minutes. A must watch.
We’re in deep doo doo folks, deeper than we peons out here know
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Patricia, it is amazing anyone can think this Admistration has a plan to do anything but raise the debt. It also angers me their main goal is to tax those of us who have succeeded in life, business and investments just to give it away.
National Debt Clock
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