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National and Global, United States

Tuesday, February 2, 2010

Obama's FAILED Budget Issues?

According to House Leader, John Boehner (R-OH), President Obama' budget has some real 'shortfalls'. These appear to be the most prominent:

President Obama’s budget contains a “secret sequel” to the trillion-dollar ‘stimulus’ it concedes isn’t working as promised. A majority of Americans oppose the trillion-dollar ‘stimulus’ and nearly three in four say it has wasted taxpayer dollars. What’s worse, President Obama’s budget projects that unemployment will remain near 10 percent through the end of this year. The Obama Administration promised the trillion-dollar stimulus would create jobs ‘immediately’ and keep joblessness below eight percent.

President Obama’s budget fails to pivot away from costly, job-killing policies that are causing uncertainty and making matters worse. President Obama’s budget accounts for the implementation of both a government takeover of health care and a ‘cap-and-trade’ national energy tax, two job-killing bills the American people have rejected loudly and clearly. The President calls for a new national energy tax to reduce greenhouse gas emissions by 17 percent by 2020 – a proposal which CBO has estimated would increase taxes by $870 billion, a full $224 billion more than President Obama’s proposal in the FY2010 budget.

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