Barack Hussein Obama gave a speech today outlining his budget plans that sounded like Hugo Chavez wrote it. He claims the Rich don’t deserve tax cuts, even though it’s been the same rate for 10 years. Obama then said that government spending has lead to innovation and advancement. A lie since most of our technological breakthroughs came from private industry. America spends 3rd highest per capita on education in the world and gets bad results. Obama implies we need to spend even more money. Obama claimed Republicans want to take away health care from old people. In short, it was full of lie.
Seeking to reassert leadership on the deficit and reassure troubled financial markets, President Obama on Wednesday said $4 trillion can be cut from accumulated deficits by 2023, and told Congressto pass a “debt failsafe” trigger that would impose big cuts if the debt doesn’t begin to stabilize within three years.
Essentially tossing aside the budget he submitted just two months ago, Mr. Obama called for much deeper defense and domestic spending cuts and said while he will not trim benefit payment from Social Security, Medicare or Medicaid, more money can be squeezed out of the latter two programs in other ways.
The president also called for undoing the Bush tax cuts for upper-income taxpayers, and for canceling other tax cuts many of them receive such as the mortgage interest deduction — which he called “spending reductions in the tax code.”
Obama’s speech was atypical 3rd World Liberation speech. It was us vs. them and only he can save us. We have had3 Center-Left Presidents since Reagan, but Obama is very far Left. This was a speech Hugo and Castro would applaud. Well done Comrade Obama!
Tags: 3rd World Liberation Movement, Budget, Debt Crisis, Deficit
