Foch You 2013 Budget
Wow, Obama really sucks at creating a budget:
To wit: President Obama’s first budget projected 2010–2012 annual deficits of $1.17 trillion, $912 billion, and $581 billion, respectively. The actual deficits for those years were $1.29 trillion, $1.3 trillion, and (a projected) $1.33 trillion.
$1.17 trilllion – $1.29 trillion
$912 billion – $1.3 trillion
$581 billion- $1.33 trillion
Math is hard.
Now for a laugh- remember this?
In February of 2009, the president vowed “to cut the deficit we inherited in half by the end of my first term in office” by making “difficult decisions” and facing “challenges we’ve long neglected,” so that our children wouldn’t be left “with a debt they cannot repay.”
He hasn’t made one difficult decision yet. He’s made nothing but political decisions, those he hopes will keep him and Michelle dining on Kobe beef for four more years.
All you need to know about the Obama budget is right here. It’s sad and ugly.
He wants to raise taxes on and he STILL can’t get our deficit under control, and adds $6.7 TRILLION of new debt.
So – quick review:
Debt – still rising
And, the “Buffet rule” – of course:
Obama calls for taxing dividends as ordinary income, essentially raising the top rate all the way to 39.6 percent. And then when you tack on the 3.8 percentage point Obamacare surtax — and an additional 1.2 percentage point itemized deduction phase-out for high-end taxpayers — the rate rises to 44.6 percent.
Fairness, you haters.