Oppose Obama Budget Sham

As you might know, the federal budget means nothing when it comes to spending. Congress actually spends money completely independent of the federal budget, through passing appropriations bill. Typically Congress passes about a dozen major appropriations bills, filled with billions of dollars of earmarks and pork, to make sure that the president cannot veto individual items--not that Obama would veto Democrat pork, no matter how outrageous. Remember that Obama in the Senate voted for Chris Dodd's amendment to guarantee that the AIG bailout money would go to paying AIG executives bonuses. (Dodd and Obama got the first and second largest contributions from AIG in 2008).

The federal budget is just a toothless guideline, when it comes to spending, and not once since the Budget Impoundment Act of 1973 (which took away the president's power to refuse to spend money appropriated by Congress) has Congress spent as little as they said they would in the federal budget. So as insanely huge as Obama's multi-trillion dollar budget is, Congress will actually end up spending even more.

The one area where the budget does have some teeth comes in regard to our taxes: any tax hikes included in the budget actually go into effect, but tax hikes do not need an appropriations bill. That means that if Congress passes the Obama budget sham, Congress will actually impose Obama's $700 billion in new taxes on us right then and there, rich and working poor (like me) alike. No school of economics advocates raising taxes in the middle of a recession. Not the fatally-flawed Keynesian school, nor even the Marxist school, is so wrong as to advocate raising taxes in the middle of a recession.

Even the Democrats' own Congressional Budget Office (CBO) estimates that Obama's budget will push the budget deficit to $1.85 trillion--that's $1,850,000,000,000--for fiscal 2010 alone, and add $9.3 trillion to the existing $11 trillion in federal government debt. Since the CBO always underestimates how much socialist pork programs will cost, and always overestimates how much tax hikes will raise, the CBO estimates mean that Obama's sham budget will lead to a deficit of at least $2 trillion this year, and probably more than double the federal debt.

So please join me in opposing the Obama sham budget by contacting your US Senators and Representative at
https://secure2.convio.net/cagw/site/Advocacy?cmd=display&page=UserAction&id=573

Help Stop Obama Sham Budget!

The shockingly-high level of spending Obama proposes falls nothing short of simply insane! He's talking about a deficit of $2 TRILLION for fiscal 2010 alone. The deficit, you'll recall, is the amount by which federal spending exceeds federal tax receipts. So just this fiscal year, Obama wants to spend $2 trillion more than the government collects in taxes. As part of those taxes, by the way, Obama proposes increasing tax rates to collect an extra $700 billion. So expect your tax bills to rise even as the recession is lowering your income. Remember too that, because people respond to incentives, when tax rates go up, people shift away from taxable income, and so the government never collects as much in taxes as it projects from a tax increase. You can reasonably expect the Obama deficit to exceed $2 trillion--for 2010 alone!

The Obama budget plan for the next decade projects total budget deficits approaching $10 TRILLION, nearly doubling the unpaid federal accumulated since World War II of $11 trillion. Remember too that Congress hasn't once, since it passed the Budget Impoundment Act of 1973 (which took away the president's power to refuse to spend money appropriated by Congress), actually spent only as much as the president budgeted. Let me repeat that: not once since 1973 has Congress ever spent only as much as the president budgeted. Let me say it another way: every year since 1973, Congress has spent more than the federal budget it passed. The budget is a sham that Congress passes and then freely ignores. So Obama's projected $10 trillion in new federal deficits over 10 years will easily exceed the $10 trillion. Don't be surprised if Obama and the Democrat Congress spend more on deficits alone in the next decade than all the deficit-spending Congress has done since World War II combined!

With Democrat majorities in both houses of Congress, it will be hard to stop the simply insane Obama sham budget. Republicans in the Senate, however, have enough votes, if they all stick together, to filibuster to death (permanently table) Obama's sham budget. With enough pressure from constituents, furthermore, some Democrats might bail out on the sham budget too. I've already used the link below to send my free fax to my US Representative and two US Senators (all Democrats in a swing state) and I hope you will too. Together we can stop, or at least drastically reduce, the Obama sham budget.

https://secure2.convio.net/cagw/site/Advocacy?cmd=display&page=UserAction&id=573