Showing posts with label Obama's budget. Show all posts
Showing posts with label Obama's budget. Show all posts

H Obama, a man with absolutely no financial background, either academically or in real life, a man who could not garner a single vote for his budgets in 2011 and 2012, has the gall to make fun of Paul Ryan's budget. Why not have a debate?

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President Barack Obama compared the Republican budget plan unveiled by Rep. Paul Ryan this week to a "stinkburger" and a "meanwich" during a speech Wednesday afternoon in Michigan. 
Referencing his own trip to a local deli in Ann Arbor earlier in the day, Obama offered his suggestions for the name of the GOP budget plan. 
"If they tried to sell this sandwich at Zingerman's they'd have to call it the Stinkburger or the Meanwich," Obama said.    Read the full article at Business Insider, here.  

Editor's notes:  Here is the funny part:  In 2011 and 2012,  Obama's budgets were voted down with a "zero" yes vote total.  His own party would not vote "yes" on his expressed ideas  -  not even Pelosi or Reid.  His budgets lost 99 - 0 and 97 - 0 in the Senate,  and 414 to 0 in the House during this time.  Imagine that - the genius of the Progressive Movement in America,  could not garner a single vote for his budgets. How bad does a bill have to be to not receive a single vote from members of your own party?  
As it turns out,  H Obama is a smooth talking but uneducated man and these congressional votes prove the point  . . . . . . .     beyond any serious debate.  No wonder his school transcripts from high school through his graduate years at Harvard or closed and off limits to public scrutiny,  as if we cannot figure out the truth,  without those documents.  
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  1. Senate rejects Obama budget in 99-0 vote | TheHill

    thehill.com/.../227857-senate-rejects-obama-budget-in-99-0-vot...

    The Hill
    May 16, 2012 - Obama's 2012 budget failed 97 to 0 last May after Obama himself last April said he ... Ron Paul back in Congress to debate defense authorization ... “And today, they soundly rejected the president's budget proposal which ...
  2. Obama budget defeated 414-0 - Washington Times

    www.washingtontimes.com/.../obama-budget-def...

    The Washington Times
    Mar 28, 2012 - President Obama's budget was defeated 414-0 in the House late Wednesday, ... through its own fiscal year 2013 budget proposal, written by BudgetCommittee ... CHOUGULE: Obamacare's four years of failure .... And for those playing along at home, in violation of the Congressional Budget Act of 1974. 37



    1. Consistency: Obama budget fails to get a single Democratic vote .. 97 - 0

      hotair.com/.../consistency-obama-budget-fails-to-get-a-single-de...

      Hot Air
      Mar 29, 2012 - Obama ignored the report completely and instead proposed a ... a row that Obama's budget couldn't win a single Democratic vote in Congress.





Obama came out with another of his feckless "budgets." 97 to 0; 99 to 0; 414 to 0 -- what do these numbers mean?

Those numbers?  Maybe you have forgotten,  but the Senate vote twice on Obama budgets,  without casting a single "yes" vote.  True.  How does it happen that a budget is so poor written,  that the man's own party,  deserted his efforts?  But that is not the rest of the story.  In the House,  there was a vote on an Obama budget  -  414 nays,  ZERO ayes.  


But that is not the end of the matter.  A different budget,  another that the feckless Obama wrote,  was sent to the CBO for be scored (reviewed) for fiscal sustainability.  It was returned without scoring,  the CBO telling Obama, it could not score a speech.  

The point of this post?  Boehner told the world,  the Obama budget was "the most irresponsible,  yet."  With Obama's track record,  can anyone doubt Boehner's assessment.  

Paul Ryan thinks the "budget" is a battle plan for the coming mid-term elections.  
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Related articles:  

  1. President's budget sinks, 97-0 | TheHill

    thehill.com/.../163347-senate-votes-unanimously-against-obama...
    The Hill
    May 25, 2011 - The Senate voted unanimously on Wednesday to reject a $3.7 trillionbudget plan that President Obama sent to Capitol Hill in February.
  2. Senate rejects Obama budget in 99-0 vote | TheHill

    thehill.com/.../227857-senate-rejects-obama-budget-in-99-0-vot...
    The Hill
    May 16, 2012 - budget resolution based on President Obama's 2012 budget failed to... insolvent and it's bad for our economy because it fails to address the ...
  1. Obama budget fails 414-0 as Democrats bail - Washington Examiner

    washingtonexaminer.com/obama-budget-fails-414-0-as.../1202571
    Mar 28, 2012 - Obama budget fails 414-0 as Democrats bail. By Joel ... Last year, the Senate voted 97-0 against President Obama's 2012 budget. Web URL: ...

Obama's Budget Proposal, here. Note to John Boehner: Encourage Obama to submit this bill to the House of Representives. His last House budget failed 414 to Zero. Let's see what happens this time.

You should know that this budget does not solve the fiscal cliff problem.  There is no entitlement reform, here.  There is no reduction in spending.  In fact,  all of the anticipated revenues embedded in this budget statement are spent in this budget statement.  We gain NOTHING.  

The Obama/Geithner Budget for 2013


 1. An immediate $1 trillion tax hike through higher top marginal income tax rates as well as higher taxes on both capital gains and dividends affecting 90% of the working/investing middle class, not to be confused with the “rich.”  
2. An additional $600 billion more in taxes later this year by limiting tax deductions for top earners,  since the GOP has already agreed to this condition is accompanied with entitlement reform.
3.
An extension of either the payroll tax cut or the reinstatement of Obama’s stimulus Making Work Pay tax credit.  The working “poor” already have enough in federal tax breaks.  
4. Another extension of unemployment benefits; I believe this the current provision is down from 99 weeks to something in the 50 week range. 
5. 
$50 billion in new infrastructure stimulus spending,  with all of the monies going to private unions;  nothing here for the private non-union contractor. 
6.
Obama wants billions more  in new spending to prevent cuts to Medicare reimbursement payments for doctors.  Of course,  this is necessary because Obama took $716 billion out of Medicare to make his healthcare bill appear as “saving the nation money.”  Now,  after the election,  he has to recover that bit of financial genius.
7.  
A mortgage refinancing program.  This would end the mortgage tax deduction for the rich,  but,  of course,  in time,  it would extend to anyone who owned a home.  Mark my words,  in time anyone who owns a home will be regarded as “rich,” in the country. 
8. Finally,  Obama was an infinite debt limit hike and he wants that hike to be solely under his control.