kick the can

President Obama wins the Punter In Chief Award, as he kicks the can down the road …AGAIN.

Once again he submits a budget that spends too much and ignores our impending financial crisis.

Facts

The Obama Administration Budget Proposal:

· Increase current fiscal year budget deficit by $200 billion

· Spend $45 trillion in the next ten years

· Add $13 trillion to our $15 trillion current debt

· Claim a $4 trillion 10 year reduction by projecting a spending amount of $45 trillion vs $49 trillion

· The so called $4 trillion reduction comes from

o Claiming 1 trillion saving from last year’s debt deal

o Claiming 1 trillion saving by not fighting a war that the Dept of Defense never requested

o Claiming 1.5 trillion income from new taxes

o Which leaves an average of so called spending cut of $50 billion a year from $4,000 billion a year annual budget

· To add insult to injury no mention or plan to ensure Social Security and Medicare solvency

Bottom line each newborn’s tax burden will be an additional $80,000 a year

38 weeks until the Nov 6, 2012 General Election

15 weeks to State Convention—May 30, 2012

5 weeks to County Convention—Mar 24, 2012

3 weeks to County Caucus —Mar 3, 2012