Tuesday, March 26, 2013

Obama Budget Handling an Embarrassment


Virginia cities like Norfolk, Virginia Beach, Portsmouth, Chesapeake, handled cuts in their budgets over the last several years.  We’re talking 5%, 10%, and 20%.  One year Norfolk dropped from spending $1.2 billion to almost $1.1 billion a reduction of nearly $100,000,000 ($100 million). Speaking of “budgets,” President Obama did not produce a budget in 4 years; which is against the law.

Paul Ryan proposed and House passed an actual “budget” which annually increases (that’s right grows) spending by 3.4%.  Senate Democrats favor a non-budget, just continue current spending which is 5% increase over last year.  Note: current spending includes, according to GAO (2010) at least $125 billion in waste, fraud, and abuse, that’s 3.5%. 

Supporters of President Obama should be mortified, your guy, who you tout as so smart, can’t figure out how to deal with a 1.6% lower spending "increase." Instead he submits (two months passed legal deadline) a 5.4% larger budget with $1 Trillion (that's 1+15 zeros) added spending over 10 years and $1.1 Trillion increased taxes (on everybody).

Come on you guys ditch the “T” shirts, pull off the Obama bumper stickers, stop following him on Twitter, you’re embarrassing yourselves.