Obama is marketing his new budget by saying it has “more than $2 in spending cuts for every $1 of new revenue.” Is this true? In a word, no.
Post Tagged with: "tax increases"
November 28, 2012 07:27
4 Reasons Buffett and Obama are Wrong on Tax Hikes
Ever-growing entitlements have put spending on a trajectory toward a European-level implosion. If they are not reined in, taxes on everyone will have to rise perpetually just to keep pace.
August 23, 2012 08:50
Another Recession Is Imminent
In the middle of this fiscal disaster, the government has no budget. That’s right .. The [Democrat] Senate failed to produce a budget for the third year in a row.
October 14, 2011 04:50
Clinton rebukes Obama tax plan: “No”
“First black president” Clinton rebuked Obama’s tax the rich plan on the Letterman Show. The impeached president told Dave, “Now is not the time for tax hikes.” “Should you raise taxes on anybody right today? Rich or poor or middle class, NO!”
January 20, 2011 09:41
DeMint warns of bankruptcy, draconian tax increases, and economic stagnation – offers plan to cut $2.5 trillion
Unless Washington takes swift action to cut spending, we will chain our children to debt and rob them of opportunity to reach for the American Dream. On its own, passing the Spending Reduction Act will not get us over the finish line — but we will get a $2.5 trillion head start.
November 16, 2010 18:37
Michele Bachmann on the pending tax increase
Appearing on Good Morning America, Rep. Bachmann discusses the Tea Party’s calls for the government to not spend more than it takes in. She discusses why Obama can’t be allowed to enact massive tax increases on the American people this January and why Obamacare must be repealed.
July 29, 2010 07:43
Growing level of debt increases risk of financial crisis says CBO
“A growing level of federal debt would also increase the probability of a sudden fiscal crisis, during which investors would lose confidence in the government’s ability to manage its budget, and the government would thereby lose its ability to borrow at affordable rates. It is possible that interest rates would rise gradually as investors’ confidence declined, giving legislators advance warning of the worsening situation and sufficient time to make policy choices that could avert a crisis. But as other countries’ experiences show, it is also possible that investors would lose confidence abruptly and interest rates on government debt would rise sharply.” CBO
February 3, 2010 10:07
Obama’s budget: One of greatest spend-while-you-can documents in American history
Despite talk of “tough choices” in yesterday’s document, the Administration wants $25 billion in new spending for states for Medicaid, $100 billion for yet another jobs “stimulus,” big boosts in spending for low-income family programs, for health research, heating assistance and education. If Mr. Obama’s priorities become law, federal outlays will have grown an astonishing 29% since 2008.
