The Obama 4 Trillion dollar budget

davekc

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I find it amazing they still think there is no place to cut. Just wanting , you guessed it. More stimulus. Fortunately, this likely won't see the light of day.
Obama?s $4T budget plan? Tax the rich, spend on infrastructure | New York Post

What is of interest in a short amount of time, our interest on the debt will pass what we spend on the military. Going out a little further to 2020, interest on the debt will pass the cost of medicare. That is only six years away and under ideal conditions.
People better wake up.
 

Turtle

Administrator
Staff member
Retired Expediter
“Even in the midst of recovery, too many Americans are working more than ever just to get by, let alone get ahead,” Obama said in his budget message to Congress. “And too many still are not working at all. Our job is to reverse those trends.”

So what does he do to reverse those trends? The EXACT OPPOSITE of what he should. Unbelievable.

If Obama saw that his car had a flat tire, he'd look at it and correctly identify the problem as no air in the tire. He would correctly deduce the way to fix that would be to put more air in the tire. So, what does he do? He promptly unscrews the tire stem to let more air into the tire.
 

aristotle

Veteran Expediter
Just looking at what Obama proposes doing with the EITC, extending it to 13 million low-wage earners without children, plus doubling the maximum value of the credit, would be an enormous transfer of wealth.
 

LDB

Veteran Expediter
Retired Expediter
Obama's goal is to destroy America. He's well on his way to achieving that goal.
 

sewmun

Seasoned Expediter
Obama's goal is to destroy America. He's well on his way to achieving that goal.

That is so right.Look at his first big program,cash for clunkers,it cost taxpayers something like $30K pr car sold & he didn't even have the sense to limit the sales to American cars SO who sold the most Hyundai,how did that help or US econmy??It goes on & on with him everything he does never makes sense & hurts us in the long run.Like he keeps talking about creating jobs?It isn't happening & as a matter of fact most of his policies including Obamacare is costing jobs,then his last speech how talked again about creating jobs.
Yes,I really doubt if we can recover from all the damage he's created!!
 

layoutshooter

Veteran Expediter
Retired Expediter
"So what does he do to reverse those trends? The EXACT OPPOSITE of what he should. Unbelievable."

Why do you find any of this unbelievable? This is what he has always said he would do. It is what he has been doing from day one and will always do. If congress, IE: the people, don't go along with him, he will try to do it anyway. He is a wanna be communist dictator. What else does anyone expect?
:confused:
 
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Pilgrim

Veteran Expediter
Retired Expediter
So much of these budgetary predictions are based on interest rates staying artificially low due to the Fed monetary policies. What happens if interest rates go up? Just the interest on our outstanding debt will sink the economy. If they keep printing money we'll be just like Germany prior to WW1. A wheelbarrow of dollars will buy a loaf of bread. Keep in mind that when Barack Hussein Obama took office the price of gasoline was below $2 per gallon; inflation has grown considerably since he was elected, but some categories in these govt calculations are now excluded to make the numbers look good. No wonder the standard of living has gone down since he and liberal Democrats took office, but this is what happens when we spread the wealth around.
 

LDB

Veteran Expediter
Retired Expediter
Part of my dad's war souvenirs are Reichsmark notes up to a $1M mark note. Just before the end of the war it was worth a cup of coffee or loaf of bread or something similar.
 

davekc

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So much of these budgetary predictions are based on interest rates staying artificially low due to the Fed monetary policies. What happens if interest rates go up? Just the interest on our outstanding debt will sink the economy. If they keep printing money we'll be just like Germany prior to WW1. A wheelbarrow of dollars will buy a loaf of bread. Keep in mind that when Barack Hussein Obama took office the price of gasoline was below $2 per gallon; inflation has grown considerably since he was elected, but some categories in these govt calculations are now excluded to make the numbers look good. No wonder the standard of living has gone down since he and liberal Democrats took office, but this is what happens when we spread the wealth around.

That is what some on the left don't get. Or they do, but they certainly don't want you to know it. The very "spread the wealth policies" they adore, are also the very policies the keep shoving the poor farther down the well. They are just too stupid to realize it. They claim its corporate welfare that runs up the debt. And they are partially right. The bad news is, that is what buys the votes to put these people in office. Just how it currently is.
You are correct in that if there is a sizable jump in the interest rates on the money we keep borrowing, the poor will be the first to get cut. We are cutting the military now to subsidize costs. Once that is done, guess were they are coming next? It actually has already started.
Prices of just about everything are climbing, and it certainly isn't by accident. It is mind boggling to realize what we pay in interest will be greater than what we spend to defend the whole nation.
It is just amazing what a community organizer can do.
 

Turtle

Administrator
Staff member
Retired Expediter
Also you should keep in mind that despite having polar opposite energy plans, Obama and Bush experienced exactly the same gas price problem, which shows the global price of oil couldn't care less whether a Democrat of a Republican is living in the White House, much less that the president has any control of it.

In 2006, when asked if Bush could do something to bring down gas prices if he wanted to, 73 percent of Democrats and 47 percent of Republicans said he could, if he wanted to, according to the Washington Post/ABC News poll. When asked the same question about Obama last year, the results reversed: 33 percent of Democrats and 65 percent of Republicans said the president had control of gas prices. When your guy is in office, he's doing everything he can do to keep gas prices in check, but when the other guy is in office he's doing everything he can do to keep prices high. Keep reading and you'll see that clearly, Republicans and Democrat are both, relatively speaking, stupid.

Yes, it is true that when Barack Hussein Obama took office the price of gasoline was below $2 ($1.84 when Obama took office in January 2009), but it was also under $2 a gallon when Bush took office in his second term ($1.85 when Bush was sworn in for his second term in January 2005 ($1.47 in January 2001 when Bush first took office)). Adjusting for inflation, prices rose to $2.52 (Bush) and $2.53 (Obama) seven months into their terms. Two years into their terms it was $2.76 (Bush) and $2.71 (Obama). Three years in, a tie at $3.27 each.

20120914_020831_gasprez_zps3e396b4d.jpg


Everything from oil refinery fires and outages to conflicts in the Middle East factor in the price of oil. But it's the employment totals that is the primary driving factor of supply and demand, and thus gas prices. Gas prices doubled in two years under Clinton during the Dot Com Bubble - then fell when the bubble burst. They began rising again as the economy bounced back in 2003 and continued until the recession hit in 2008. And contrary to popular belief, the president has even less control over the economy and employment numbers than he does the global price of oil.
 

davekc

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I don't think it matters the party but the monetary policy. You hit on the key one. Inflation.
Value of our currency drives the price of everything.
 

Turtle

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Influence? Yes, to a very small degree. Control? No way. If you like, I can rip apart the first several paragraphs of the author, a guy named "American View," who's biography isn't exactly one that engenders authoritative confidence in his statements. He was a NYC firefighter for 15 years before moving to Plano, TX (practically right next door to Hurst, TX), where he now enjoys woodworking, creating furniture, restoring & refinishing furniture, restoring all types of Antiques. But more important than his lack of authority in his speaking, his facts are extremely selective, skewed, incomplete, and in some cases flat out wrong.

For one, at the time Obama and his energy secretary were alleged to have said it (it was Gingrich who said it, tho), it wasn't $5 a gallon like in Europe, it was $9-$10 like in Europe. Energy Secretary Chu, way before 2008, way before he was energy secretary, way before Obama had run his first primary campaign, had made a comment in a speech that if the price of gasoline were boosted it would encourage fuel conservation. Well, duh. But somehow that got translated to Obama's Energy Secretary said that. But he didn't. Newt did.

Secondly, he's completely misrepresented what happened to fuel prices during Bush's tenure, parroting the party spin instead of presenting cold hard facts. He states that despite numerous natural disasters in the gulf, Florida coastline, wars in the Middle East, the price of gas remained stable overall during the Bush presidency. That alone should make you quit reading his stuff, because he's got the memory retention and recall of a rewritable CD that's been in the microwave for 5 seconds.

So, Mr. American View has his basic facts wrong, and he's using "common knowledge" in the place of actual facts, and presenting them as facts, because he believes them to be facts. Except that if he'd done some research, he'd know they aren't facts.

Politicians, both Republican and Democrat, since the 1970s have been rattling chains about wanting the price of gas here in the US to match that of Europe, and they want to raise taxes to do it. The problem is, Europeans pay taxes at the pump for stuff which we pay separately, things like federal excise taxes. Federal excise taxes are hidden "event" taxes which we don't pay for separately, but are included in the price of goods just the same. They are "event" taxes which are paid when something happens, like at the time of purchase for liquor, wine, cigarettes, airline tickets, land lines, sports fishing equipment, tires, trucks, gas guzzler cars (any car with an EPA rating of 22.5 MPG or less), and all the popular vaccines, and are paid by the manufacturer or retailer, and that cost is build into the price to the consumer. What a lot of politicians want to do is just raise fuel taxes and not touch excise taxes. But if they eliminated federal excise taxes today, right now, and then slapped those onto fuel prices, we'd be paying, ta-da! $9-$10 for gas, same as the Europeans. In Europe they don't have all those separate excise taxes (other than a VAT on imported goods) and everything is handled easy peasy at the pumps. If you don't buy gas, you don't pay a lot of taxes over there.

If you remove all the taxes from gasoline, including the event excise taxes, and then do the same in Europe, then the price of gas at the pump would be the same in both places, which is the world spot market price of gas.
 

muttly

Veteran Expediter
Retired Expediter
Influence? Yes, to a very small degree. Control? No way. If you like, I can rip apart the first several paragraphs of the author, a guy named "American View," who's biography isn't exactly one that engenders authoritative confidence in his statements. He was a NYC firefighter for 15 years before moving to Plano, TX (practically right next door to Hurst, TX), where he now enjoys woodworking, creating furniture, restoring & refinishing furniture, restoring all types of Antiques. But more important than his lack of authority in his speaking, his facts are extremely selective, skewed, incomplete, and in some cases flat out wrong.

For one, at the time Obama and his energy secretary were alleged to have said it (it was Gingrich who said it, tho), it wasn't $5 a gallon like in Europe, it was $9-$10 like in Europe. Energy Secretary Chu, way before 2008, way before he was energy secretary, way before Obama had run his first primary campaign, had made a comment in a speech that if the price of gasoline were boosted it would encourage fuel conservation. Well, duh. But somehow that got translated to Obama's Energy Secretary said that. But he didn't. Newt did.

Secondly, he's completely misrepresented what happened to fuel prices during Bush's tenure, parroting the party spin instead of presenting cold hard facts. He states that despite numerous natural disasters in the gulf, Florida coastline, wars in the Middle East, the price of gas remained stable overall during the Bush presidency. That alone should make you quit reading his stuff, because he's got the memory retention and recall of a rewritable CD that's been in the microwave for 5 seconds.

So, Mr. American View has his basic facts wrong, and he's using "common knowledge" in the place of actual facts, and presenting them as facts, because he believes them to be facts. Except that if he'd done some research, he'd know they aren't facts.

Politicians, both Republican and Democrat, since the 1970s have been rattling chains about wanting the price of gas here in the US to match that of Europe, and they want to raise taxes to do it. The problem is, Europeans pay taxes at the pump for stuff which we pay separately, things like federal excise taxes. Federal excise taxes are hidden "event" taxes which we don't pay for separately, but are included in the price of goods just the same. They are "event" taxes which are paid when something happens, like at the time of purchase for liquor, wine, cigarettes, airline tickets, land lines, sports fishing equipment, tires, trucks, gas guzzler cars (any car with an EPA rating of 22.5 MPG or less), and all the popular vaccines, and are paid by the manufacturer or retailer, and that cost is build into the price to the consumer. What a lot of politicians want to do is just raise fuel taxes and not touch excise taxes. But if they eliminated federal excise taxes today, right now, and then slapped those onto fuel prices, we'd be paying, ta-da! $9-$10 for gas, same as the Europeans. In Europe they don't have all those separate excise taxes (other than a VAT on imported goods) and everything is handled easy peasy at the pumps. If you don't buy gas, you don't pay a lot of taxes over there.

If you remove all the taxes from gasoline, including the event excise taxes, and then do the same in Europe, then the price of gas at the pump would be the same in both places, which is the world spot market price of gas.
In the article he said under Bush , gas prices 'went up and down'.
 

muttly

Veteran Expediter
Retired Expediter
Disagree with the assertion 'very small degree'. As this article points out there are things that can be done and things the government shouldn't be doing that are affecting fuel prices. The article is a year old, but as they say, as much as things change they stay the same. For one, the Keystone pipeline is STILL not approved. Not allowing to explore and extract as much fossil fuel as we can is also on the president. The weak dollar due to too much government spending(see title of this thread) and the FED churning out Benjamins as far as the eye can see, with the blessing of the President, is on him. Its also on him that the gas prices have stabilized.: they have been over THREE DOLLARS for TWO years. A prediction even some in this forum said would go back under three dollars after the first of the year Two years ago.
http://blog.heritage.org/2013/02/22/gas-prices-there-are-things-the-government-can-do/
 
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