Obama budget chief defends tax hikes in plan

[Wretched Excess]

the budget director in an administration that has spent, or says it intends to spend, about $5 trillion bucks during it's first 40 days of existence decries the past as "an era of irresponsibility"?  you either have to be a congenital liar, or have cajones the size of the moon to even think about saying that one.

Obama budget chief defends tax hikes in plan

WASHINGTON (AP) — White House Budget Director Peter Orszag on Tuesday defended President Barack Obama's $3.6 trillion federal budget and its proposal to raise taxes on more affluent Americans.

"We have lived through an era of irresponsibility," Orszag told the House Budget Committee. "Looking forward, we must change course."

Lawmakers in both parties have questioned Obama's call to reduce high-income earners' tax deductions for the interest on their house payments and for charitable contributions. Also drawing fire is his proposal to start taxing industries on their greenhouse gas pollution — a move sure to raise consumers' electric rates.

Obama's budget plan drew fire from a senior Republican, who is calling it the biggest expansion of government since President Franklin D. Roosevelt's New Deal. Wisconsin Republican Paul Ryan told Orszag that administration claims of deficit-cutting are mostly bogus since the deficit would fall anyway as the war in Iraq winds down.

Ryan also warned that tax increases on small businesses earning more than $250,000 a year would stunt a possible recovery and that the plan would double the national debt in eight years.

Obama's budget faces a difficult path through Congress because of its numerous controversial proposals on health care, taxes and global warming.

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[NHSparky]

Throw in the fact that they're still pandering to the BDS crowd, and you're getting there.

But most of the folks I know are seeing through his crap.  Even the ones who voted for him are going, "Jesus, is it going to be THIS bad?"

Oh my, no, boys and girls!  It's going to be MUCH worse!

[DumbAss Tanker]

They've obviously confused golf with economics, and are under the mistaken impression that the lower they drive the Dow, the better.

 

[NHSparky]

Every day, I see the Obamareich redefining the word "chutzpah".

[Chris_]

Every day, I see the Obamareich redefining the word "chutzpah".

There's probably an Arabic equilavent for it....and probably more appropriate.   

[JohnnyReb]

There's probably an Arabic equilavent for it....and probably more appropriate.   

Camel shit?