President Obama’s enormous, pathetic excuse of a budget is estimated to cost each and every single United States taxpayer $25,573.48 down the road in repaying this garbage. So take that with a spoonful of sugar and maybe it’ll go down easy while you try to convince yourself that it’s only the rich who will see their taxes raised in the next few years.
Change we can believe in indeed, since that’s what we’ll all be left with in our pockets.
Tony Harnden of the Telegraph does the math:
So how much will President Barack Obama’s budget cost us? The projected 2010 budget of $3.552 trillion can be found on page 114 of the “New Era of Responsibility” budget here.
The US Census bureau estimates that the current US population is 304,059,724. Dividing the $3.552 trillion by that gives us close to the $11,833 that Drudge came up with. ABC’s Jake Tapper reports that there wil be $989 billion in new taxes over the next decade.
I’m an American taxpayer and the starkest figure is what this could cost me. The latest figure I could find for the number of US taxpayers is 138,893,908 returns in 2007 here. By my reckoning, that’s $25, 573.48 each.
Astonishing, it is leaving me speechless how we can just waste trillions of the dollars on social programs under the new chancellor.
I find it funnier how liberal Democrats used to complain about Bush’s deficit. At least Obama has nullified that argument tenfold.
More on the insanity:
WASHINGTON (AP) – President Barack Obama unveiled a multi-trillion-dollar spending plan Thursday that would boost taxes on the wealthy, curtail Medicare, lay the groundwork for universal health care and leave a string of deficits dwarfing any in the nation’s history.
In addition to sending Congress his $3.55 trillion budget plan for 2010, Obama proposed more immediate changes that would push spending to $3.94 trillion in the current year. That would result in a record deficit Obama projects will hit $1.75 trillion, reflecting the massive spending being undertaken to battle a severe recession and the worst financial crisis in seven decades.
As part of the effort to end the crisis, the administration proposes boosting the deficit by an additional $250 billion this year, enough to support as much as $750 billion in increased spending under the government’s rescue program for banks and other financial institutions. That would more than double the $700 billion bank bailout passed by Congress last October.
Obama, in a morning briefing, spoke of “hard choices that lie ahead.” He called his budget “an honest accounting of where we are and where we intend to go.”
But Republicans contended Obama was avoiding hard choices in favor of exploding the deficit and raising taxes.
“The American people deserve a budget that puts fiscal discipline and jobs first. The budget offered by the Obama administration fails on both counts,” said Rep. Mike Pence, the chairman of the House Republican Conference.
The administration calls the request for additional bailout resources a “placeholder” in advance of a determination by the Treasury Department of what will actually be needed.
It frosts me how Obama contends that this is an “honest accounting” of where we are. He is a true believe in his socialism, he truly believes that people should be dependent on him, excuse me, the government.
We all have stand against the outrageous spending and slide to socialism, regardless of whether we’re immediately directly affected.
“In Germany, they came first for the Communists, And I didn’t speak up because I wasn’t a Communist;
And then they came for the trade unionists, And I didn’t speak up because I wasn’t a trade unionist;
And then they came for the Jews, And I didn’t speak up because I wasn’t a Jew;
And then . . . they came for me . . . And by that time there was no one left to speak up.”
– Martin Niemöller
The point here is that if you don’t stand against outrageous tax increased on any taxpayer, you’ll soon be having your taxes raised and there will be nobody else to stand with you.
What’s worse is that Obama is single-handily trying to redefine “fiscal discipline” to include socialist spending as well.