◼ President Obama wants Americans to foot the bill for the first $4 trillion budget in U.S. history, which will drive our country ever more deeply into debt. - Donald Lambro/Human Events
This isn’t all that’s at stake in the fiscal 2016 budget he sent Congress.... It calls for major new taxes on our fragile economy that will hurt America’s businesses, stunt wage growth and further weaken job creation....
If you’re looking for major new proposals from Obama on how to eliminate the deficits and dramatically pay down debt, forget it.
The OMB forecasts that over the next 10 years, under the spending curve Obama has put us on, the national debt will balloon by $6 trillion.
To quote Yogi Berra, this is “deja vu all over again.” More infrastructure spending, higher taxes on business and the rich, and lots of new spending initiatives. Just like the $800 billion economic stimulus law that turned out to be a dud and left us in the midst of a long, painfully sluggish, jobless recovery....
over the last six years, Obama’s policies have not worked. The big-spending stimulus program enlarged the government, not the job market. Infrastructure projects did not work in the Great Depression, and they didn’t work in the Great Recession.
So instead of thinking anew, he has locked himself into a state of delusion, believing that he pulled the economy out of its lethargy and everything’s OK. But it’s not even remotely OK.... KEEP READING
