At the WaPo Congress Approves Budget
$3.5 Trillion Spending Plan Paves Way for Obama Goals
Congressional Democrats overwhelmingly embraced President Obama’s ambitious and expensive agenda for the nation yesterday, endorsing a $3.5 trillion spending plan that sets the stage for the president to pursue his most far-reaching priorities.
Voting along party lines, the House and Senate approved budget blueprints that would trim Obama’s spending proposals for the fiscal year that begins in October and curtail his plans to cut taxes. The blueprints, however, would permit work to begin on the central goals of Obama’s presidency: an expansion of health-care coverage for the uninsured, more money for college loans and a cap-and-trade system to reduce gases that contribute to global warming.
Twenty Democrats voted against the budget.
The Bush tax cuts are gone. The energy taxes will affect everyone. The amount of debt incurred is exorbitant:
May I also remind you, “the U.S. government and the Federal Reserve have spent, lent or guaranteed $12.8 trillion, an amount that approaches the value of everything produced in the country last year,” an amount that is 14 times the $899.8 billion of currency in circulation.
As I said, the Dems have full ownership of this budget.
Larwyn’s budget roundup:
Doug has the Democrat Fist Bump
Gateway Pundit
Dan on Politics And The Tea Party Movement
GM Roper on what goes around, with this graphic:
a year by year comparison of the annual deficit expendatures for Bush II (actual) and the projected expendatures for Obama (projected)
UPDATE
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Yes, the Dems now own the budget and the 2010 elections will be, largely, a referendum on all this borrowing/spending. The other factor will be the economy which seems to be improving quite a bit lately.
Frightening! And Obama uses Flim-Flam like counting supposed IT “savings” to pay for health care initiatives. I’d want to see some real savings money “in the bank” for several years to believe that!
Republicans might have more of a say over the budget if the Democrat majority thought they would be willing to vote for the budget. But since no Republicans crossed the aisle to vote on the resolution
(see: http://www.newsy.com/videos/budget_battle/)
they have effectively abdicated their power over the process.
they have effectively abdicated their power over the process
Like the 20 Dems who didn’t, Rosa?
Cool- The deficit goes down every year Obama is President. Kinda like what happened when Bill Clinton was President, and he gave us lower unemployment, a balanced budget, and 8 years of unprecedented prosperity. The stock market gained 210% during President Clinton’s administration, according to the S&P 500. Retirement accounts more than tripled.
Ken, go back to school and learn to read charts and graphs.
Fausta, you mean like the S&P 500 chart, which says:
During the Clinton administration the stock market gained 210%
During the Bush administration the stock market lost 40% of its value.
During the Carter administration the stock market gained 30%.
During the Nixon/Ford administration the stock market lost 4% of its value.
During the Kennedy/Johnson administration the stock market gained 68%.
On second thought, Ken, go back to school and learn to read.
And by the way Fausta, the Dow, the NASDAQ, and the S&P 500 are all higher than when President Obama took office.
Here’s a tissue. You look like you’re going to cry.
This is a perfect example of how big stakes the Dems are playing.
And it really IS big stakes.
The reason in the past both parties looked for as bi-partisan of an approach as possible is how the moderate mind works. And face it. The moderates ALWAYS select the president on down to the senators ( congressmen can be very partisan depending on their district ).
The moderate mind thinks …
1 ) Is it working?
The slam on the Republican administration from 2004-2008 is it clearly was NOT.
2 ) Are the people trustworthy likable?
Well gee. Not only was the economy not working, BUT the key players in the Republican party were getting their hands caught in the cookie jar!
They were fired.
Well, with straight party line vote AND using the budget reconciliation technique to skip past filibuster?
If the economy improves. The republican party is dead.
BUT … if unemployment is at 12% or higher in Nov 2010?
Expect the Democrats to be begging “give us more time!”
And if they realize come then that they MUST raise taxes all the way across the line?
Come 2012 … they will STIL be saying “We need more time!”
And won’t get it.
They passed the budget. In a manner that bypassed filibuster.
It either works by 2012 or even if they are the most likable people on earth ( i.e. Obamamania ) they will be fired in a resounding vote no matter WHO runs against them.
Oh … and within 7 days of regaining control? Expect every single … EVERY SINGLE Obama platform and policy to be overturned, dismantled, and gutted. By a budget reconciliation vote. No filibuster allowed to keep even ONE policy passing.
Followed by an immediate vote to push the point through opening up Anwar to 100 oil wells punched through the ice within a week of Obama leaving office.
Again?
Anwar = oil = revenue = budget reconciliation = NO filibuster.
So in addition to owning this budget?
It MUST work.
And if it doesn’t?
The american people can not be trusted to vote. Because if they vote like in 2004? The entire platform, policy, and legacy of Obama will be … gone in an instant.