Obama’s Budget Will Bankrupt America

President Barack Obama

President Barack Obama

I urge you, before you do anything else today, to tell your U.S. Senators and Representative to save this country and each and every one of us from financial ruin by opposing President Obama’s record-shattering $3.6 trillion budget for fiscal 2010.

As reported by the Washington Post last week, President Obama is right now marshalling his grassroots network of campaign supporters to ram this budget, with its unprecedented new tax and spending proposals, through Congress.

We must counter their efforts before they bankrupt this country.  That’s why your Senators and Representative urgently need to hear from you today!

If enacted, the Obama budget would levy a whole host of new and higher taxes to fund policies aimed at “remaking” the American economy, like nationalized healthcare, a cap-and-trade energy system, and “tax breaks” for low-income families, most of whom don’t pay federal income taxes to begin with.

The budget would raise income taxes on individuals and small businesses by $636 billion over 10 years.  It creates a $634 billion “reserve fund” for nationalizing healthcare that would be paid for with a combination of tax increases and cuts to Medicare and Medicaid.  President Obama’s budget would also impose a “light bulb tax” on all Americans in order to implement a cap-and-trade energy policy, where companies would have to pay the federal government to use oil, natural gas, and other fossil fuels.  That tax alone could cost American families as much as $3,100 per year in higher prices for electricity, gasoline, and other products and services.

Not only would these tax increases further drain American families and businesses of income during the recession, they will stifle economic growth, just when our elected leaders should be enacting policies to promote it!

This massive $3.6 trillion budget comes on top of the $787 billion “economic stimulus” package; $410 billion fiscal 2009 omnibus spending bill that was loaded with more than 8,000 earmarks; and the $700 billion bailout of Wall Street, Detroit automakers, and homeowners who took out mortgages they can’t afford.

The nonpartisan Congressional Budget Office (CBO) on Friday predicted that the Obama budget will push the federal deficit to a mind-numbing $1.85 trillion this year and pile up $9.3 trillion in deficits over the next decade, on top of the existing $11 trillion national debt!  CBO called these deficits, which would never fall below 4 percent of our economy’s gross domestic product, “unsustainable.”

Derek, both the House and Senate Budget Committees will begin marking up their versions of the Obama budget on Wednesday.

Please tell your U.S. Senators and Representative today to reject President Obama’s budget and craft one that will shrink government, promote fiscal responsibility, and encourage economic growth.

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Published in: on April 4, 2009 at 13:23  Comments (4)  
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4 CommentsLeave a comment

  1. As if this disastrous $3.6 trillion spending plan weren’t bad enough, the Obama Administration is pushing Democratic lawmakers to use a parliamentary maneuver called “budget reconciliation,” which would allow the Senate to pass the Obama budget’s tax increases, nationalized healthcare plan, and cap-and-trade energy policy with a simple majority rather than the 60 votes needed to overcome a filibuster. Tell your Senators and Representative that you oppose this undemocratic plan to stifle debate, along with the tax and spending priorities in President Obama’s budget, today!

  2. Watch out man. The Obama Squad is think as thieves and they will attack you like they attack me for being anti obama. LOL Like your site!

    John

  3. Yes, Our Dear Leaders Thought Police are everywhere, and soon if they get there way, they will control the interweb as well.

    Be afraid, Be very Afraid!

  4. I made a link to this on my facebook page and had a lively short discussion on this. Short, because I cut it off. My facebook is not for political debates, and the other person ACTUALLY understood!


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