Liberalism: Do You Agree We've Had Enough of It? Message Board

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Politics : Liberalism: Do You Agree We've Had Enough of It?

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To: Kenneth E. Phillipps who wrote (99902)	2/15/2011 9:29:11 AM
From: JakeStraw	3 Recommendations Read Replies (1) of 224745

Obama's Gutless Budget Proposal investors.com The White House's new budget is far worse than merely bad. By not attacking the underlying cause of our debt explosion and by raising taxes, it will lead inevitably to a weaker economy and perhaps even default. Numerous studies show that if you cut runaway spending in a serious way, the deficit will disappear. Oblivious to this fact, President Obama in his new budget chooses to make puny cuts and instead to focus on tax hikes — the last thing our stumbling economy needs right now. All told, the new taxes total $1.5 trillion over 10 years — ranging from new levies on small-business owners and corporations to taxes on energy and banks. Passed as is, the Obama budget would make economic stagnation and 9% unemployment the status quo.

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