Truth, Lies and In Between

He just doesn’t get it. I guess this shit is par for the course with  SCOAMF. The only way this shit is going to change is if we get rid of his ass in 2012 and get rid of the Democrats in both Chambers of Congress. I would include the RINOs in cleaning out Congress. Government needs to shrink, not get bigger. It’s already too big for our own good.

President’s Budget Would Increase Taxpayer Losses on TARP
By Stacy Kaper

President Obama’s fiscal 2013 budget proposal touts the administration’s recent long-shot mortgage refinancing proposal and says the White House’s increased emphasis on the housing crisis will lead to larger taxpayer losses from a 2008 emergency bailout fund.

The budget, as expected includes a call for broadening the availability of refinancing options for borrowers who are current on their mortgages but owe more than their homes are worth. The administration said it plans to finish doling out unspent funds for housing assistance, which is likely to increase the costs of the emergency financial bailout by $20 billion — something that is likely to generate criticism from Republicans for increasing taxpayer costs.

via HOUSING: President’s Budget Would Increase Taxpayer Losses on TARP – Stacy Kaper – NationalJournal.com.

Ace of Spades has more on this:

Obama’s Budget And Speech Update: Paul Ryan Responds

The Obama administration released its budget today and The One is now giving a speech shortly to sell it.

President Obama is offering his spending blueprint for the next decade — an election-year document that seeks to achieve $4 trillion in deficit reduction through cuts in government spending, higher taxes and inclusion of last year’s debt-ceiling deal for deficit reduction.

At the same time, Obama will ask for substantial spending increases on infrastructure and job training, but will offer few reforms to entitlement programs, which take up 40 percent of the annual federal budget.

Republicans, who are vowing to oppose Obama’s tax increases, have planned several events Monday to counter the president’s release. On Sunday House Budget Committee Chairman Paul Ryan said the president’s proposal is full of gimmicks and does little to reduce the deficit or curb the rapid growth of benefit programs like Medicare.

Tax increases? Oh yes, Obama has those. .

OBAMA BUDGET: ends Bush tax cuts for top earners, limits their deductions & exemptions, brings back top 39.6% rate

Bottom line…this is all theater since Obama’s budget is Dead on Arrival. Democrats in the Senate don’t want to touch it but Mitch McConnell is trying to bring it up for a vote.

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