FoxNews gives us a quick account of Barry's Big Government budget:
President Obama unveiled a $3.8 trillion spending plan on Monday for 2013 and a 10-year vision that seeks to cut $4 trillion from the overall deficit, but does little to restrain growth in the U.S. government's huge entitlement programs and adds $6.6 trillion in deficits over 10 years.
In his 10-year projection, the annual deficit falls below $600 billion just once -- in 2018. The $6.6 trillion is added on top of the president's recent additions to the federal debt -- the $15.36 trillion national debt is now greater than the annual gross domestic product.
In his long-term vision, sure to be central to his reelection campaign, the president would achieve $1.5 trillion of deficit reductions by raising current tax rates on high-income Americans and removing certain corporate tax breaks.
There it is...for all the occupiers, but unfit even for the masses. To summarize this 'campaign document' with three little words that mimic his Marxist mantra: tax the rich.
Ed Morrissey of HotAir supplies us with an interesting comparison/contrast:
Barack Obama rolls out his new budget today, one that includes a $1.39 trillion on-budget deficit in the fourth budget year of his presidency despite an election-campaign pledge to cut deficits in half by this time. The FY2008 budget, the last one signed by a President other than Barack Obama, had a projected deficit of $239 billion and an actual deficit of $641 billion, just for comparative purposes. Even if we don’t give Obama credit for the FY2009 budget which Democrats refused to pass while George Bush remained in the White House and completed in an omnibus bill signed by Obama in March 2009, that actual FY2009 on-budget deficit was almost $1.6 trillion, which makes this new budget proposal a decline in annual deficits only a 13% decline over his own first budget, and a 117% increase over George Bush’s last signed on-budget deficit.
Along with another memorable moment from CNSNews:
The federal debt has increased by $4.47 trillion since President Barack Obama released his first federal budget on Feb. 26, 2009. That budget was entitled, “A New Era of Responsibility.”
Responsibility? Really?! It'd be laughable if it wasn't so dire, folks. But he inherited this? Right. Obama's budget (not Bush's) would have the national debt break $25 trillion by 2021! (per BuzzFeed)
Not to mention, Obama proposed $800 million in foreign aid for (are you sitting down?)..."Arab Spring" countries. He's also asked that military aid to Egypt be kept at the same level as recent years to the tune of $1.3 billion. Umm, Muslim Brotherhood, anyone? Treacherously reckless spending.
One has to realize that the President has no intention of proposing a serious budget. He simply hopes this will supply more opposition rhetoric to rail against Congress. However, out of all the class warfare and grand schemes, what continues to be ignored throughout all of this are Margaret Thatcher's remarkably timeless words, exemplary of all the world's history: "Socialist governments traditionally do make a financial mess. They always run out of other people's money."
ADDENDUM: This topic was guaranteed to garner the attention of conservative heavy weights Limbaugh and Levin throughout the day. Rush dismantled some choice cuts from Obama's budget speech today and revealed more reelection tactics, promising the takers more from the makers...
...and Mark talked to ranking minority member of the Senate Budget Committee, Jeff Sessions (AL), to get more details about just what this budget entails, like cutting gimmicks, tax & spend increases, and actually increasing the total federal debt by $11 TRILLION over the next decade!