Federal Budget Articles

President Obama’s budget proposal of $3.5 trillion in spending for fiscal year 2010, according to the non-partisan Congressional Budget Office (CBO) will result in a deficit of $4.4 trillion from 2010-2014 and a cumulative deficit of $9.3 trillion by 2019.  Under Obama's budget, by 2019 the total deficit according to the CBO would account for 82% of the overall economy, a dangerous level that is not sustainable. Reacting to the CBO analysis of the president’s plan, New Hampshire Senator Judd Gregg, the senior Republican on the Senate Budget Committee, said it “clearly creates a scenario where the country is going to go bankrupt.”

Congress wrote and President Obama already signed a $410 billion omnibus spending bill to keep the federal government running through the end of the current fiscal year which contained nearly 9,000 earmarks. This is in direct contradiction with the president’s campaign promise of reducing earmarks and pork barrel spending.  President Obama was even a co-sponsor of several of the earmarks including $2.8 million for a wood education and resource center in West Virginia.  You can take a look at all the earmarks piled into this bill, which was supposed to simply keep the government running.

President Obama campaigned on the promise of fiscal discipline.  Less than 60 days after taking office he embraced the typical Washington tax and spend approach to governing.  The administration’s current budget proposal for 2010 will necessarily result in tax increases on individuals and small businesses, directly contracting the president’s campaign promise and adding further strain on working families in America.

The president and Congress don’t seem to realize that there are no money trees in Washington. Every dollar they spend has to come from tax revenue or be added to our already mounting national deficit which is projected to be $1.75 billion for 2009.

Democrats’ Proposed Healthcare Reform Will Cost Trillions and Ration Care

By Penny Wise   President Barack Obama said in March, “I don’t think the best way to fix our health care system is to suddenly completely scrap what everybody is accustomed to.” Democrats in the House and Senate think otherwise. And they have the votes to...

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Proposed Tax Deduction Cuts: A Smokescreen for Bigger Government

$866 billion in health care reserve fund not mentioned in Obama budget – all taxpayers to pick up the tab By Penny Wise   Barack Obama made tax increases for wealthy Americans and tax cuts for everyone else a centerpiece of his presidential campaign, so it...

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