Obama’s Proposed Budget: Tax Hikes, $1.3 Trillion More Deficit Spending

He is rapidly pushing us towards the point of no return.

Newsmax reports:

The president will send Congress a budget that will provide short-term help to a struggling economy while offering a long-term plan to deal with soaring deficits, the White House said Sunday. Republicans attacked the spending blueprint as offering more of the same failed solutions for the economy.

The 2013 budget being released Monday will propose public works spending while seeking tax increases on the wealthy and corporations to claim progress on the federal deficit in his upcoming budget. The spending plan projects a deficit for this year of $1.3 trillion, the fourth straight year of $1 trillion-plus deficits, and $901 billion next year.

Read more at Newsmax

MyGovCost: Previewing the New Obama Budget

Obama budget signals election-year tax battle

Obama Requests $1.2 Trillion in New Borrowing, Raising Debt Ceiling to Over $16 Trillion

Debt Has Climbed $4.47T Since Obama Released First Budget—Calling for ‘A New Era of Responsibility’

White House Underestimated 2012 Deficit by $769.5B–or 138 Percent

U.S. Debt Has Increased $48,994 Per SECOND Since Obama Took Office

By the end of his first term, President Obama will have added as much debt as all the prior 43 presidents combined

U.S. Now Borrowing 100% of GDP, Eats Up Most of Debt Limit in One Day

Pay Up America: Each of You Owe The Government $534,000

[adrotate group=”8″]

If you enjoyed this post, make sure you subscribe to my RSS feed!