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- Monday, February 13, 11:31 AM As well flagged, President Obama sends Congress a $3.8T budget request for FY 2013, but given the tax rises that are included, it's unlikely to pass intact and certainly not before the election. The request forecasts that the deficit will rise to $1.33T this FY before falling to $901B in FY 2013. You can watch Obama's budget remarks live here.
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Quit spending and stop giving to the military, they are out of controll waste money right an left.......been there seen it......
This is an email I received this week that rather brilliantly cuts thru all the political doublespeak. The below example puts the present US economic situation in a very clear perspective, it’s the same for many European countries.
Why the U.S. was downgraded:
• U.S. Tax revenue: $2,170,000,000,000
• Fed budget: $3,820,000,000,000
• New debt: $1,650,000,000,000
• National debt: $14,271,000,000,000
• Recent budget cuts: $ 38,500,000,000
Let's now remove 8 zeros and pretend it's a household budget:
• Family income: $21,700
• Family spent: $38,200
• New debt on the credit card: $16,500
• Outstanding balance on the credit card: $142,710
• Total budget cuts: $385
The above is what 40 years of incremental and progressive liberalism and free ice cream to buy votes for the next election buys for our children and grandchildren. Presently, we have a President, his Staff, and many of our Congressional Members that are telling the American people that we need 4 more years of this type of government leadership and direction. Please tell them no!!!
But I bet there are tax breaks for "critical" jobs like teachers and highly payed government workers.
Get your popcorn ready. We'll all get to watch the nightmare unfold over the coming years.