President Obama’s proposed 2013 budget will forecast a $901 billion deficit for next year, falling far short of his goal to halve the deficit in four years.
The budget, an outline of which was released by the White House Friday night, will show a higher deficit this year than in 2011, up from $1.3 trillion to $1.33 trillion.
So that’s 3 strikes and hopefully he’s out! What a Turkey!
Wonder if this one will go down 96-0 like last years.
Mind you the US Senate that hasn’t passed a Budget in 1, 018 days has already telegraphed that it has no intention of passing a budget this year anyhow.
So this is largely an exercise in campaign BS. Which is all we’ve gotten since January 20th, 2009 anyhow.
The full blown still-born cow of a budget comes out Monday. I’m sure it will bloated, class envious, have lots of flashy fake or useless “cuts”, and totally political. What else would you expect.
“We will talk more before the end of the month on what corporate tax reform would look like,” the official said on Friday, confirming that it would include a call for “lower rates.”
Facing a potentially tough presidential re-election challenge this November, Obama will propose cutting the rate following the release of his 2013 budget plan on Monday, February 13, according to the sources, who were not authorized to speak on the record.
While he spent a big part of his January speech to Congress criticizing businesses for moving jobs overseas, Obama said that “companies that choose to stay in America get hit with one of the highest tax rates in the world.”
So what do you wanna bet it’s going to be very selective and very “democratic”. 🙂
You do it my way or else. Or he’ll propose all new taxes to make up for it, disguised as something else or some other Orwellian turn of phrase.
Typically with this White House “tax reform” means bend over you’re about to get a massive enema!
Gene Sperling, director of Obama’s National Economic Council, has told reporters that the president will be laying out “principles” for corporate tax reform close to the budget release.
Obama’s corporate plan will also include a new minimum tax on foreign profits earned in low tax countries – an unpopular idea in the corporate community. (yahoo)
“principles” eh…This should be good… 😦
Ann Coulter:Having given up on pillorying Mitt Romney for plundering his way to vast wealth — because, unfortunately, it isn’t true — the Non-Fox Media seem to have settled on denouncing him as a rich jerk.
Liberals are disgusted by people who made their own money, as Romney did at Bain Capital. But they admire ill-gotten gains, which is how John Kerry, John Edwards, Jon Corzine, John F. Kennedy, Franklin D. Roosevelt and innumerable other spokesmen for the downtrodden amassed their fortunes.
Democrats are very proud of the rich, patrician FDR — who inherited all of his money and then launched a series of federal entitlements designed to bankrupt America 60 years later.
JFK also inherited his wealth, from a father who made his money as a bootlegger and stock manipulator. (In their defense, both went on to create jobs for bartenders and prostitutes.)
Kerry is in a special category of the gigolo. He acquired his fortune by marrying someone, who married someone, who inherited the money — leading Kerry’s children to refer to Teresa Heinz Kerry as their “step-money.” In what can only be described as luck, Kerry’s first wife was also an heiress.
I’ve been diligently searching for the shrieks of horror from the media over John Kerry’s tax returns when he ran for president eight years ago, but I can’t find anything. (Although I did find a reference to Kerry’s having served in Vietnam. Anybody else hear about that?)
Even when Kerry refused to release his wife’s tax returns in order to avoid the humiliation of revealing his allowance, the press was demurely silent.
John Edwards made well over $50 million by shaking down hardworking doctors with junk science lawsuits — as the New York Times has since admitted. The highlight of his sideshows was when he channeled unborn children in front of illiterate jurors.
(In the Democrats’ moral universe, the unborn have no right to life, but they’re perfectly acceptable as witnesses for the plaintiff in a malpractice suit.)
Democrats were overjoyed with Wall Street financier-turned Democratic politician Jon Corzine. It was just three years ago, in 2009, when President Obama was hailing Corzine as one of the “best partners I have in the White House.” Today, prosecutors are trying to find out what Corzine did with hundreds of millions of his customers’ money.
The media do everything they can to avoid looking into these mountebanks when they are active politicians. Then, when they’re out of office, the NFM summarily announce that they always knew the Democrats were sleazeballs, and why are we still talking about them?
It’s never a good time to talk about Democrat plutocrats until it’s way too late to talk about them. With Corzine, we’ll have a window of three seconds to talk about his financial shenanigans. He’s innocent until proved gui — Convicted! — What? You’re still burbling about that guy?
Liberals will be carrying on about Richard Nixon until we’re all long dead. Why has the time passed for them to really examine the man who was their vice presidential candidate only eight years ago and was desperately seeking the presidential slot four years ago?
Until we hear ferocious denunciations of FDR, JFK, Kerry, Edwards and Corzine, liberals have no business criticizing Bain Capital.
Maybe some people are irrationally offended by the rich, but Democrats aren’t. It’s the party of George Soros, Goldman Sachs and Nancy Pelosi!
The six wealthiest senators are all Democrats, half of whom married or inherited their money. Some other multimillionaire Democrats are:
• Jay Rockefeller of West Virginia, the second-richest senator after Kerry, who inherited his money.
• Dianne Feinstein of California, the sixth-richest senator, who married her money.
• Maria Cantwell of Washington, a bogus dot-com multimillionaire who cashed out before the stock crashed.
• Claire McCaskill of Missouri, the ninth-richest senator, who failed to pay taxes on her private plane until she was caught last year, and who married her money.
Meanwhile, with few exceptions, Republicans either made money on their own or they don’t have it. It’s no accident Democrats oppose a tax on wealth, of which they have boatloads, but strongly support taxes on income, which they typically do not have.
Democrats don’t hate the rich; they are the rich, luxuriating in fortunes acquired by inheritance or marriage, fleecing the taxpayer, trial lawyer hucksterism or disreputable money manipulation. Their contempt is reserved for those who engage in honest work for a living, whom they accuse of “greed” for wanting to pay the government a little less.
As I have said many times before, I believe the greediest people in this country are Liberals. Period.
So get out your Salt Mine, because here comes another Budget from Dear Leader! Can you take it?