• Barack Obama's Make-Believe Budget Is Make-Believe

    So, by now, you've probably heard about Barack Obama's "proposed budget" for 2013. And, if not, I'm certain you've noticed all the exploding conservative heads

    President Barack Obama unveiled a $3.8 trillion spending plan on Monday for 2013 that seeks to achieve $4 trillion in deficit reduction over the next decade but does little to restrain growth in the government's huge health benefit programs, a major cause of future deficits.

    From what I understand, it would have been more, but 3,800,000,000,000 is, I think, the highest number there is. Apparently, this "proposed budget" will send our national debt up to theoretical numbers that don't even exist within a decade. Scary!

    And just think how much scarier it would be if this was an actual "proposed budget" with any chance of ever passing Congress ever.

    As CNN points out, Harry Reid's not even going to bring this "proposed budget" to a vote this year. Actually, let's stop calling it a "proposed budget" and start calling it what it actually is: an advertising campaign…

    The president would achieve $1.5 trillion of the deficit reductions in tax increases on the wealthy and by removing certain corporate tax breaks. Obama rejected GOP charges of class warfare. In his budget message, he said, "This is not about class warfare. This is about the nation's welfare."

    In a message that repeated populist themes Obama also sounded in his State of the Union address, the president defended his proposed tax increases on the wealthy, saying it was important that the burden of getting deficits under control be a shared responsibility. "This is about making fair choices that benefit not just the people who have done fantastically well over the last few decades but that also benefit the middle class, those fighting to get into the middle class and the economy as a whole," Obama said.

    As far as I can recall, this is the first budget that comes with its own inspirational soundtrack.

    Photo by Scott Olson/Getty Images News/Getty Images

     


    Tags: Barack Obama, Budget, Economy, Money

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