"There is danger from all men. The only maxim of a free government ought to be to trust no man living with
power to endanger the public liberty." - - - - John Adams

Wednesday, December 26, 2012

Obama wants a 55% increase in spending

Calvin Coolidge was President the last time the GOP cut even one cent from the Federal budget.
  • The nation is headed for bankruptcy and inflation.  Does the Socialist-lite GOP have the willpower to cut any spending of any kind?

Spending will increase 55 percent over the next decade, if Comrade Obama's budget plan goes into effect. The finding comes from the Republican-side of the Senate Budget Committee, which notes that Obama's "Proposal Would Spend $880 Billion Over Already Projected Increases."

"The President's last fiscal cliff offer once again increased spending rather than reducing it," writes the minority-side of the Senate Budget Committee.

"His plan does claim $800 billion in spending reductions over ten years, but these claims are more than offset by new spending increases: increasing spending above BCA limits ($1,200 billion); paying for the doc fix ($400 billion); new transportation stimulus spending ($50 billion), and; a one-year extension of unemployment insurance ($30 billion).

Here's a chart, detailing how Obama's plan would bring spending from $3.62 trillion in 2013 to $5.63 trillion in 2022:


(Washington Times)

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