Beggar Obama's bankruptcy government will Shutdown yet again

[obama.bin.laden]

http://www.straitstimes.com/news/wo...n-us-budget-loaded-spending-and-tax-reformsUS budget loaded with spending and tax reforms
Published on Feb 2, 2015 7:33 PM
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US President Barack Obama has put forward a US$4 trillion (S$5 trillion) budget loaded with spending and tax reforms that will likely be dead on arrival at the Republican-controlled Congress. -- PHOTO: AFP

WASHINGTON (AFP) - President Barack Obama has put forward a US$4 trillion (S$5 trillion) budget loaded with spending and tax reforms that will likely be dead on arrival at the Republican-controlled Congress.

Using a healthier economy to turn away from years of austerity-first policies, Obama's plan includes sizeable spending on infrastructure, research and the military, according to details released Monday.

Senior officials said the plan would "put the good of middle-class families and our economy front and centre, while also continuing progress on restoring fiscal discipline."

"You don't have to choose between those two things," one official said. "You can in fact accomplish both."

 

[obama.bin.laden]

Republican will tell Obama to fuck off and shutdown.

 

[winnipegjets]

Republican will tell Obama to fuck off and shutdown.

Obama got it right while right-wingers are still in denial.
http://www.cnbc.com/id/102387594?trknav=homestack:topnews:8

 

[COW flu]

Obama got it right while right-wingers are still in denial.
http://www.cnbc.com/id/102387594?trknav=homestack:topnews:8

Fucking country is in deepest debt can not pay debt can not pay tax.

 

[obama.bin.laden]

http://mobile.reuters.com/article/idUSL1N0VC0QA20150202?irpc=932



Behind Obama's budget proposals, a gloomy view of the future
By Jason Lange and Howard Schneider
WASHINGTON | Mon Feb 2, 2015 11:30am EST
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By Jason Lange and Howard Schneider

WASHINGTON, Feb 2 (Reuters) - Beneath President Barack Obama's plan to fight income inequality lies a gloomy view of an economy that is growing slower and creating fewer rewards for its workers than it did in much of the last century.

In a budget proposal unveiled on Monday, the White House cut forecasts for an array of economic variables, depicting less growth, weaker inflation and lower interest rates than officials expected only a year ago.

This comes despite an unemployment rate that the Obama administration expects to hit the 5.2 percent level considered to be roughly in line with full employment sometime this year.

The administration's take on the economy moves it closer to the growing view among economists that the United States could be stuck in a prolonged period of stagnation.

"In the 21st century, real GDP growth in the United States is likely to be slower than it was in earlier eras," the budget proposal says.

Obama's $3.99 trillion budget plan for fiscal 2016 would mark a spending increase of about $240 billion from the current year.

The economic vision presented in the plan is all-the-more pessimistic given that it incorporates the impact of higher spending on infrastructure and education, as well as overhauls of tax and immigration laws. Many of those proposals are unlikely to pass the Republican-controlled Congress.

Even with these measures, which are aimed to counter rising income inequality, weaker growth would leave the economy about $500 billion smaller in 2020 than the administration projected a year ago. The administration expects the share of national income going to labor - as opposed to capital - to hold near historic lows for years to come.

An aging population that is less inclined to work could help limit long-run economic growth to around 2.3 percent annually, the budget says, a rate that would be roughly a percentage point lower than the average since World War Two.

In the White House view, the jobless rate could drop to as low as 4.9 percent in 2017. But even that is not expected to lead to substantial wage or price increases, suggesting officials are sympathetic to stagnation arguments made prominent by economists, such as former Treasury Secretary Lawrence Summers, who have argued the government should spend more to make up for weak private sector demand.

While the White House's estimate of potential growth was unchanged from a year ago, it now sees interest rates holding lower for years even under the assumption that the government boosts spending substantially, something that in other eras would lead lenders to jack up interest rates more.

"The administration forecast projects that interest rates will stabilize below their historical averages," while inflation is expected to remain low for years to come, according to the budget documents.

Other developed economies are confronting a similar set of circumstances, and slowly acknowledging that their long-run potential may be constrained. The Obama administration has been pressing European nations, primarily Germany, to act accordingly and lift government spending to make up for weak household and business demand.

In the wake of the 2007-2009 financial crisis, the administration was restrained in its own response, as it tried to control the deficits generated by stimulus programs set in motion to battle the deepest economic downturn since the Great Depression. The impact of budget cuts continued to be felt through last year.

The latest budget document marks a turn in that debate as Obama makes the case for more government pump priming. (Reporting by Howard Scheider and Jason Lange; Editing by Tim Ahmann and Tomasz Janowski)

 

[obama.bin.laden]

http://www.dailymail.co.uk/news/art...White-House-s-4-TRILLION-funding-request.html


Obama's budget is 'the silliest thing since Monty Python': Republicans beat up on the White House's $4 TRILLION funding request
GOP lawmakers and their aides lashed out on Monday after Obama sent his 2016 budget request to Capitol Hill
'This $4 trillion budget is the silliest thing since Monty Python,' said another, recalling the UK comedy troupe's 'Minstry of Silly Walks' sketch*
'Bizarre,' 'ridiculous' and 'idiotic' were other adjectives used
One Tennessee Republican congresswoman called the budget 'laughable'
Budget is 'dead on arrival,' declared a Senate aide; a House staffer said of the heavy printed budget that 'my fireplace will like it'
By DAVID MARTOSKO, US POLITICAL EDITOR FOR DAILYMAIL.COM

PUBLISHED: 19:47 GMT, 2 February 2015 | UPDATED: 19:56 GMT, 2 February 2015


View comments
President Barack Obama's 2016 budget proposal is as silly as a comedy sketch, a Senate leadership aide told Daily Mail Online on Monday.

'This $4 trillion budget is the silliest thing since Monty Python,' the senior staffer said, recalling the British funnymen's 'Ministry of silly walks' routine.


There was no shortage of budgetary body-slams on Capitol HIll as the GOP panned the White House's dramatic budget, which another Senate aide officially declared 'DOA – that's Dead On Arrival.'*

+3
SILLY STUFF: Congressional Republican aides called Obama's budget 'bizarre,' 'ridiculous' and 'dead on arrival'

+3
Obama plugged his $4 trillion budget for 2016 during a speech to Homeland Security staffers in Washington

He castigated the White House for rolling a 'union make-work jobs' proposal into the budget, citing a $478 billion public works program that promises to repair crumbling highways, bridges and public transit systems.'

Programs like that typically benefit Democrats' powerful labor union constituency.


Both aides spoke on condition of anonymity so they could reflect what the first one called 'the true mood up here on the Hill.'

'It's bizarre and ridiculous, rolled up in a package of idiotic,' he said.

Republican lawmakers who spoke on the record were more circumspect but equally dismissive.

'This proposal isn't really a budget at all – it is a messaging piece,' said Tennessee Rep. Diane Black.

'This so-called budget ignores both the reality of our already crippling $18 trillion national debt and of a new Republican majority in Washington that will not allow this laughable tax-and-spend proposal to pass.'

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'Ministry of Silly Walks' – Monty Pythons's Flying Circus**

Black claimed that the president's proposal adds a whopping ''$2.1 trillion in new tax increases, on top of $1.7 trillion in tax hikes already imposed by the administration.'

Those tax hikes, totaled over ten years, wouldn't balance Obama's budget in 2016, however, as it still leaves a $474 billion deficit.*

'President Obama likes to talk about his veto pen,' Indiana Sen. Dan Coats told Politico, 'and with the release of this budget, we can only conclude that he writes with red ink.'*

The budget's tax rate on capital gains – investment income – would be the highest in 19 years.

Obama is demanding a 7 per cent increase in domestic spending and the defense budget, undoing the fiscal restraint that marked the 2011 budget deal.

Obama called those cuts 'mindless austerity.'*

+3
Rep. Diane Black, shown Jan. 27 during a House Budget Committee hearing, said Obama's budget is a 'laughable tax-and-spend proposal'



Sen. Dan Coatas (left) said Obama's legendary veto pen 'writes with red ink,' while Rep. Scott Garrett (right) joked about Groundhog Day and recurring unbalanced budgets

New Jersey Rep. Scott Garrett said in a statement that 'it's fitting that President Obama released his budget on Groundhog Day because it's a painful repeat of the same failed policies that he has presented to Congress for the past six years.'

That's a reference to the Bill Murray movie, in which he is forced to relive the same day over and over again.

Senator Mitch McConnell, the majority leader of the upper house of Congress, summed up the GOP's complaints.*

'What we saw this morning was another top-down, backward-looking document that caters to powerful political bosses on the Left and never balances – ever.'

Republicans now control both houses of COnrgess for the first time in Obama's presidency.*

Asked to say something nice about the hefty budget book that arrived to great fanfare on Capitol Hill this morning, one House committee staffer said: 'It's still winter, so my fireplace will like it.'*

Share or comment on this article

 

[winnipegjets]

http://www.dailymail.co.uk/news/art...White-House-s-4-TRILLION-funding-request.html


Obama's budget is 'the silliest thing since Monty Python': Republicans beat up on the White House's $4 TRILLION funding request
GOP lawmakers and their aides lashed out on Monday after Obama sent his 2016 budget request to Capitol Hill
'This $4 trillion budget is the silliest thing since Monty Python,' said another, recalling the UK comedy troupe's 'Minstry of Silly Walks' sketch*
'Bizarre,' 'ridiculous' and 'idiotic' were other adjectives used
One Tennessee Republican congresswoman called the budget 'laughable'
Budget is 'dead on arrival,' declared a Senate aide; a House staffer said of the heavy printed budget that 'my fireplace will like it'
By DAVID MARTOSKO, US POLITICAL EDITOR FOR DAILYMAIL.COM

PUBLISHED: 19:47 GMT, 2 February 2015 | UPDATED: 19:56 GMT, 2 February 2015


View comments
President Barack Obama's 2016 budget proposal is as silly as a comedy sketch, a Senate leadership aide told Daily Mail Online on Monday.

'This $4 trillion budget is the silliest thing since Monty Python,' the senior staffer said, recalling the British funnymen's 'Ministry of silly walks' routine.


There was no shortage of budgetary body-slams on Capitol HIll as the GOP panned the White House's dramatic budget, which another Senate aide officially declared 'DOA – that's Dead On Arrival.'*

+3
SILLY STUFF: Congressional Republican aides called Obama's budget 'bizarre,' 'ridiculous' and 'dead on arrival'

+3
Obama plugged his $4 trillion budget for 2016 during a speech to Homeland Security staffers in Washington

He castigated the White House for rolling a 'union make-work jobs' proposal into the budget, citing a $478 billion public works program that promises to repair crumbling highways, bridges and public transit systems.'

Programs like that typically benefit Democrats' powerful labor union constituency.


Both aides spoke on condition of anonymity so they could reflect what the first one called 'the true mood up here on the Hill.'

'It's bizarre and ridiculous, rolled up in a package of idiotic,' he said.

Republican lawmakers who spoke on the record were more circumspect but equally dismissive.

'This proposal isn't really a budget at all – it is a messaging piece,' said Tennessee Rep. Diane Black.

'This so-called budget ignores both the reality of our already crippling $18 trillion national debt and of a new Republican majority in Washington that will not allow this laughable tax-and-spend proposal to pass.'

RELATED ARTICLES
Previous
1
Next

Obama threatens stopping paychecks to 143,000 Homeland...

Obama tells parents to get their kids vaccinated but Chris...

Joe Biden tells Democratic lawmakers the Obama years 'have...

All eyes are on Obama as Senate passes bill approving...
SHARE THIS ARTICLE
Share

'Ministry of Silly Walks' – Monty Pythons's Flying Circus**

Black claimed that the president's proposal adds a whopping ''$2.1 trillion in new tax increases, on top of $1.7 trillion in tax hikes already imposed by the administration.'

Those tax hikes, totaled over ten years, wouldn't balance Obama's budget in 2016, however, as it still leaves a $474 billion deficit.*

'President Obama likes to talk about his veto pen,' Indiana Sen. Dan Coats told Politico, 'and with the release of this budget, we can only conclude that he writes with red ink.'*

The budget's tax rate on capital gains – investment income – would be the highest in 19 years.

Obama is demanding a 7 per cent increase in domestic spending and the defense budget, undoing the fiscal restraint that marked the 2011 budget deal.

Obama called those cuts 'mindless austerity.'*

+3
Rep. Diane Black, shown Jan. 27 during a House Budget Committee hearing, said Obama's budget is a 'laughable tax-and-spend proposal'



Sen. Dan Coatas (left) said Obama's legendary veto pen 'writes with red ink,' while Rep. Scott Garrett (right) joked about Groundhog Day and recurring unbalanced budgets

New Jersey Rep. Scott Garrett said in a statement that 'it's fitting that President Obama released his budget on Groundhog Day because it's a painful repeat of the same failed policies that he has presented to Congress for the past six years.'

That's a reference to the Bill Murray movie, in which he is forced to relive the same day over and over again.

Senator Mitch McConnell, the majority leader of the upper house of Congress, summed up the GOP's complaints.*

'What we saw this morning was another top-down, backward-looking document that caters to powerful political bosses on the Left and never balances – ever.'

Republicans now control both houses of COnrgess for the first time in Obama's presidency.*

Asked to say something nice about the hefty budget book that arrived to great fanfare on Capitol Hill this morning, one House committee staffer said: 'It's still winter, so my fireplace will like it.'*

Share or comment on this article

You expect a right-wing paper to agree with a progressive budget?

Simple economics - no money, no demand. After 6 years of QE, people's lives have not recovered to pre-financial meltdown situation. Businesses are not hiring because they can't see the demand. People can't afford to buy because they earn less. This is not rocket science. Trickle-down economics is pure bs. Demand creates supply, not vice versa as the right-wingers have led you to believe.

 

[obama.bin.laden]

I don't know any right nor left. which does not matter.

I know only AFFORDABLE apart from UNAFFORDABLE budgets.

To take care of undeserving people who contribute nothing to national abilities is foolish. Doing so with future financil burdens and debts is unfair to future people.

NK Pyongyang is more correct to stave useless peasants dead reducing national burdens and focus national strength and concentrate national resources into dealing against national enemie's.

Kim's country will live Obama's country will die. People is people, nation is nation, people don't come first before the state, dying for the state's interest makes the useless people at least a little useful. If leader is unable to hold the state up then feeding the useless people became the enemies proplem? Is Obama feeding the Iraqi people now? Is Obama budget covering feeding Iraqis?

Humanity and Feedom kiss my dick!

You expect a right-wing paper to agree with a progressive budget?

Simple economics - no money, no demand. After 6 years of QE, people's lives have not recovered to pre-financial meltdown situation. Businesses are not hiring because they can't see the demand. People can't afford to buy because they earn less. This is not rocket science. Trickle-down economics is pure bs. Demand creates supply, not vice versa as the right-wingers have led you to believe.

 

[obama.bin.laden]

The foolish idea of People First is childish navie big dream! Really CB nothing more nothing less, just CB!

If Russia or PRC invaded USA and nuked Obama government etc then all the ex-fucking-citizens of USA became properties of Putin or Xi Jin Pings STATES. Dream people first or human rights my ass then!

If ISIS BBQ PAP and rule SGP then SG kiasi kiasu ex-citizens become properties of Islamic State. Not like this had never happened to SG before, it was properly done according to pleasure of Japs for 3 years and 8 months. It will happen again as well especially because SAF is just nothing but a HOAX!

State First and state Only! People dream on!

 

[master]

In the end, sinkies have to pay the bill for them in one way or another through temasick.

 

[laksaboy]

Want to save money? Take your troops out of other countries and shut down the military bases lah!

But of course you won't do that, because your Jewish masters got you by the balls: media, education, financial, military, technology.

 

[eatshitndie]

Want to save money? Take your troops out of other countries and shut down the military bases lah!

warhawks who are bent on policing the planet as though u.s. forces are god's ordained stormtroopers will hear nothing of that! housing allowance alone for a civilian expat working for the base is us$4000 a month on average. if the expat finds cheaper rental, he or she can pocket the difference. a base supports not only troops but also families of troops. it has elementary, junior high, and high schools. a typical base school employs a dozen staff and 2 dozen teachers, all u.s. citizen expats who are flown from the u.s. they are entitled to 2 trips home: summer break and winter holidays. the budget for housing allowance alone for staff and teachers averages us$144k a month as civilian staff and teachers rent apartments and homes outside the base. and if kids of base personnel join or form little or junior sports leagues (soccer, football, baseball, softball, basketball, volleyball, etc.) and compete with other bases in the hemisphere, their recreational activities are fully funded by taxpayers, including funding of commercial flights among far-flung bases to ensure there are several teams for tournaments to exist.