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.
a year by year comparison of the annual deficit expendatures for Bush II (actual) and the projected expendatures for Obama (projected)
Welcome Real Clear Politics readers. Please visit often.