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Boehner Must Say NO!!!!

Mike

Well-known member
Obama’s Last Budget Offer To Boehner (Adds $7.3 Trillion in Debt And Gets Rid Of Sequester)
Confounded Interest | 04/07/2013 | Anthony B. Sanders


The Obama Administration has posted their last budget offer to House Speaker John Boehner (R-OH).

The Republicans on the Senate Budget Committee have a different take on the President’s budget:

Obama’s budget turns off the sequester, adds stimulus extension, $50 billion in transportation spending and universal pre-K (better known as government baby sitting centers). And by getting rid of the sequester ($1 trillion), they propose cuts in discretionary spending of $100 billion only.

In addition, Obama’s budget plan, to be unveiled April 10th (the same day that North Korea is threatening to nuke us), would prohibit taxpayers from accumulating more than $3 million in an individual retirement account. That proposal would allegedly generate $9 billion in revenue for the Treasury over the next decade.

So, Obama wants to get rid of any constraints on government spending (aka, the sequester). Here is Federal current expenditures adjusted for GDP.

Obama’s budget adds another $7.3 trillion and reduces the deficit by a measly $280 billion?

We are already over 100% Federal debt to GDP! And they want to borrow more … like Japan?

I think that is an offer than Boehner CAN refuse.
 
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