The President's 2012 budget proposal

[MS Fowler]

Can anyone actually defend this further step on the road to financial disaster? Increase taxes and increase spending--
Wow! the Presidential leadership is awesome!

Its so bad not even the democrats want to vote on it.

Defend it if you can.

[MTI]

Well, according to someone on this forum, this is the first budget ever submitted by the President, so maybe he's not used to it . . .

Frankly, let's wait till we see the leadership of Congress come up with either their own plan or a compromise; I don't recall when a Presidential budget plan has ever been fully enacted, even when his own party controlled the voting in Congress. Consider that many of this years Presidential candidates are promising to cut $1T from spending in 1 year . . . when the Congressional "Super Committee" couldn't agree on cutting $1.5T over ten years.

The ball is in Congress' court, so will it be a swing and a miss or hit one out of the park in an election year?

BTW, how long did it take you to read this? 2013 Budget You must me a Speed Reader!

[raymr]

I like the local business - community college partnership initiative. But why does that require federal government involvement? Sounds like something else the feds will hose up with silly regulations and paperwork.

[JollyRoger]

The COTUS states that the House is the organ of government (I will not state what organ I think they actually are) charged with preparing a budget. The President may propose one, but it is for consideration and compromise with whatever the House ultimately proposes. Since being elected, the GOP House has been unable to come up with a budget that will pass the Senate, because their budgets continue to offer nothing but a free ride to the rich while the rest of us have to sacrifice to prop up their global lifestyles as they give away our jobs to China, while they build themselves nice new vacation homes in Thailand and in the end, get big tax write offs for it all. It is obvious we need to raise taxes on the rich, who have gotten a free ride on so-called "tax cuts", money that is actually just a public give-away of money the government borrows, since Bush engineered the current tax system, which has turned out to be an economic disaster for the US.

Tell me, Ms, if this was a budget that included a massive Prescription Drug benefit granted at the same time you were doing give-away tax cuts, as you dumped trillions of wasted dollars on the sands of Iraq, would you be complaining as loud? I don't seem to remember you doing that. At least Obama is proposing spending on internal infrastructure projects and other things that stimulate internal economic demand. The economy needs it, thanks to your pal Bush's utter disaster of a presidency.

[JollyRoger]

Originally Posted by raymr

I like the local business - community college partnership initiative. But why does that require federal government involvement? Sounds like something else the feds will hose up with silly regulations and paperwork.

Because the states have cut the funding for them to the bone. Stupid, stupid, stupid thinking. We need to support education as much as we possibly can, we are no longer living in a world designed for stupid people who can make a good living turning a wrench on an assembly line.

[MS Fowler]

Originally Posted by JollyRoger

The COTUS states that the House is the organ of government (I will not state what organ I think they actually are) charged with preparing a budget. The President may propose one, but it is for consideration and compromise with whatever the House ultimately proposes. Since being elected, the GOP House has been unable to come up with a budget that will pass the Senate, because their budgets continue to offer nothing but a free ride to the rich while the rest of us have to sacrifice to prop up their global lifestyles as they give away our jobs to China, while they build themselves nice new vacation homes in Thailand and in the end, get big tax write offs for it all. It is obvious we need to raise taxes on the rich, who have gotten a free ride on so-called "tax cuts", money that is actually just a public give-away of money the government borrows, since Bush engineered the current tax system, which has turned out to be an economic disaster for the US.

Tell me, Ms, if this was a budget that included a massive Prescription Drug benefit granted at the same time you were doing give-away tax cuts, as you dumped trillions of wasted dollars on the sands of Iraq, would you be complaining as loud? I don't seem to remember you doing that. At least Obama is proposing spending on internal infrastructure projects and other things that stimulate internal economic demand. The economy needs it, thanks to your pal Bush's utter disaster of a presidency.

I have answered this several times, directly to you, why do you continue to ask?
You seem to be under the impression that I was a supporter of President Bush's fiscal policies. He spent too much!
But you seem to be an advocate that two wrongs actually do make a right. Too bad your logic fails.
We simply can not keep spending money we don't have. Or, do you like to burden your children with debt so you can grow government ever bigger?

[MS Fowler]

Originally Posted by JollyRoger

Because the states have cut the funding for them to the bone. Stupid, stupid, stupid thinking. We need to support education as much as we possibly can, we are no longer living in a world designed for stupid people who can make a good living turning a wrench on an assembly line.

So the FEDERAL government is the only spending that counts in your world? What if education could actually be funded at the local and State levels? Must the money come from Washington?

[MTI]

So, when did you find the time to read the budget, or did someone/something regurge it for you?

[MS Fowler]

Originally Posted by MTI

So, when did you find the time to read the budget, or did someone/something regurge it for you?

I did what you found completely acceptable with the Health Care Bill---I let others summarize it. I am not voting on it. I know enough to understand its simply a political statement.

[engatwork]

Thanks for the link MTI. It looks like a lot of departments to me.

[rscurtis]

Originally Posted by MTI

Well, according to someone on this forum, this is the first budget ever submitted by the President, so maybe he's not used to it . . .

Frankly, let's wait till we see the leadership of Congress come up with either their own plan or a compromise; I don't recall when a Presidential budget plan has ever been fully enacted, even when his own party controlled the voting in Congress. Consider that many of this years Presidential candidates are promising to cut $1T from spending in 1 year . . . when the Congressional "Super Committee" couldn't agree on cutting $1.5T over ten years.

The ball is in Congress' court, so will it be a swing and a miss or hit one out of the park in an election year?

BTW, how long did it take you to read this? 2013 Budget You must me a Speed Reader!

Only one candidate is talking about the trillion $ cut. The other three are still big-government big spenders and nothing is going to change- until the dollar loses its status as the reserve currency.

[JollyRoger]

Originally Posted by MS Fowler

So the FEDERAL government is the only spending that counts in your world? What if education could actually be funded at the local and State levels? Must the money come from Washington?

What is the largest source of funds?

[JollyRoger]

Originally Posted by MS Fowler

I have answered this several times, directly to you, why do you continue to ask?
You seem to be under the impression that I was a supporter of President Bush's fiscal policies. He spent too much!
But you seem to be an advocate that two wrongs actually do make a right. Too bad your logic fails.
We simply can not keep spending money we don't have. Or, do you like to burden your children with debt so you can grow government ever bigger?

"Money we don't have" = free money given to the rich via phony "tax cuts" aka "free money for the rich financed with borrowed money". Perhaps it is time for them to pony up and pay for the wars they benefited from.

[MS Fowler]

Originally Posted by JollyRoger

What is the largest source of funds?

Your pockets; not mine.

[MTI]

Budget Trivia: The High Cost of Currency:

This final note today, which comes to us from page 165 of the president's budget the White House released today.

You know that saying "A penny saved is a penny earned"? How 'bout this: A penny made more cheaply can save the government a whole boatload of money.

The president wants Congress to let the Treasury Department use cheaper -- the actual phrase is "more cost-effective" -- materials to mint our coins. It costs, the budget says, 2.4 cents to make a penny because copper and assorted raw materials are so expensive now; 11.2 cents to make a nickel.

Total potential savings? $50 million.