Democrats’ budget plan: Tax and spend more

June 23, 2010 07:00

The Democratic spend and tax budget plan is why federal outlays have skyrocketed $1.8 trillion since Obama entered the Oval Office and taxes have increased $658 billion. It’s also why the annual federal deficit has exploded to $1.5 trillion and the national debt now exceeds $13 trillion. These figures underline Texas Republican Rep. Jeb Hensarling’s contention that “Democrats refuse to bring a budget to the floor because they want no limit on what they can spend, not even a speed bump on the way to national bankruptcy.”

Examiner Editorial

House Majority Leader Steny Hoyer said Tuesday that Democratic congressional leaders have opted not to propose a budget this year. “It isn’t possible to debate and pass a realistic, long-term budget until we’ve considered the bipartisan commission’s deficit-reduction plan, which is expected in December,” he said. This means Congress won’t pass an annual budget plan for the first time since enactment of the Budget and Impoundment Control Act of 1974. But make no mistake, congressional Democrats already have a budget plan, it’s called “spend and tax, then spend more and tax more.” It’s the budget plan that House Speaker Nancy Pelosi and Senate Majority Leader Harry Reid brought to town with them after their party regained Senate and House majorities in the 2006 election. President Obama enthusiastically signed on with Pelosi and Reid when he took office last year.


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