Do the Nikita!
Submitted By Todd on June 10th at 5:06am
President Barack Obama on Tuesday proposed budget rules that would allow Congress to borrow tens of billions of dollars and put the nation deeper in debt to jump-start the administration's emerging health care overhaul.It's a continuation of the what we want now, we get philosophy. Spend now, and the next generation can worry about how to pay for it. It is the slight of hand of the President that is most offensive.
The "pay-as-you-go" budget formula plan is significantly weaker than a proposal Obama issued with little fanfare last month.Pretending to be prudent while being irresponsible.
It would carve out about $2.5 trillion worth of exemptions for Obama's priorities over the next decade. His health care reform plan also would get a green light to run big deficits in its early years. But over a decade, Congress would have to come up with money to cover those early year deficits.Unless, of course, Congress decided it was too important to spend now and pay later.
Obama's latest proposal for addressing deficits urges Congress to pass a law requiring lawmakers to pay for new spending programs and tax cuts without further adding to exploding deficits projected to total about $10 trillion over the next decade.The Presidential Hustle seems to be the only dance he knows.
Last month Obama suggested a tougher plan that would prohibit Congress from swelling the deficit in one year by putting off until later years the tax increases or spending cuts to pay for it.The dance is repeated so often, voters are bound to start seeing the pattern.
The requirement for legislation to be financed over the coming decade generally mirrors existing congressional rules and reflects the likelihood that Obama's health care plan will add many billions of dollars to the deficit in the early years. Savings and revenues in later years would have to make up for the initial deficits.His priority is to convert the country. The more crushing the debt, the more eager we'll be for the relief of the Soviet system - Is that the theory?