Friday, April 22, 2011

Spending America out of existence

Why should this be surprising news. This man has spent more than all the other presidents who have preceded him combined. and yet there is absolutely nothing to show for it. Side from staggering debt and deficits. and all to further his socialist dream.

Obama's plan a sham....

A leading panel of budget experts estimated Thursday that President Obama's latest spending plan does not save as much money as the White House initially claimed and is about $1.5 trillion more expensive than the Republican plan.

Since he delivered a major fiscal policy address last week, Obama and other officials have touted that the White House plan would cut $4 trillion over 12 years. Using that figure, they've claimed it's very similar to a House Republican plan which supposedly would cut $4.4 trillion over 10 years.

But given that most budget outlines use a 10-year window, as required by law, the Committee for a Responsible Federal Budget tried to offer an apples-to-apples comparison -- and determined Obama's proposal would actually cut deficits by $2.5 trillion over the next decade. It credited the president for "moving the ball forward," but said that based on Congressional Budget Office assumptions, the plan doesn't do enough to tackle the debt crisis.

"It appears unlikely that the policies proposed in the president's framework would be sufficient to reduce debt to a manageable level," they wrote.


And here the man was in San Francisco yesterday telling us that he needs another term to finish his plan. If we don't get rid of him soon, he will finish us...

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