White House releases FY2015 budget readout — $2.7 trillion off from CBO projections

posted at 12:41 pm on March 4, 2014 by Ed Morrissey

The first question to ask is, why bother? Senate Majority Leader Harry Reid and Budget Committee chair Patty Murray have already decided not to produce a budget for FY2015, an announcement that got a bit lost in the Russian invasion of Crimea at the end of last week. Consider this an example of listbox-checking at the White House, and little more. OMB rolled out its eight-page brief this morning of the budget proposal called “Opportunity for All,” which will end up being just as stillborn as Barack Obama’s last four budget proposals.

A Roadmap for Growth, Opportunity, and Fiscal Responsibility: The President’s Budget provides a roadmap for accelerating economic growth, expanding opportunity for all Americans, and ensuring fiscal responsibility. It invests in infrastructure, job training, preschool, and pro-work tax cuts, while reducing deficits through health, tax, and immigration reform.

Builds on Bipartisan Progress: The Budget adheres to the 2015 spending levels agreed to in the Bipartisan Budget Act and shows the choices the President would make at those levels. But it also shows how to build on this progress to realize the nation’s full potential with a fully paid for $56 billion Opportunity, Growth, and Security Initiative, split evenly between defense and non-defense priorities.

If this truly built on “bipartisan progress,” then Reid would rush it through the Senate to put pressure on House Republicans. Murray’s demurral tells us all we need to know about the White House’s “bipartisan” approach on budgeting. The tear sheet is basically a regurgitation of Obama’s continuing demands for “infrastructure” spending as “investments,” which the White House claims will reduce deficits, both in real terms and as a share of the GDP.

Pay attention to the lead set of bullet items, especially transportation:

Stronger Growth and Job Creation:
o Advanced manufacturing – Invests in American innovation and strengthens our manufacturing base, including a national network of 45 manufacturing institutes.
o Research and innovation – Supports ground-breaking research to fight disease, protect the environment, and develop new technologies, and makes permanent the R&D Tax Credit.
o Pro-growth infrastructure – Lays out an ambitious, four-year $302 billion surface transportation reauthorization proposal paid for with transition revenue from pro-growth business tax reform.
o Government reform – Promotes government management that delivers improved services that are more effective, efficient, and supportive of economic growth.

“Transition revenue from pro-growth business tax reform”? That would require the Senate to actually produce a business-tax reform, a possibility that the White House closed by making outgoing Senator Max Baucus the ambassador to China, even though he knew little about his assignment. Until then, he and Orrin Hatch had been working on the Finance Committee to produce an overhaul of the tax code for both businesses and individuals that would have made the US more competitive and tax planning more straightforward. His replacement, Ron Wyden, will have other priorities.

His colleague Barbara Boxer certainly does. The revenue for transportation spending will come from new or higher refinery taxes, Boxer told the American Association of State Highway and Transportation Officials, since higher gas taxes are not politically possible and new mileage taxes are still a ways off. No matter what, though, Boxer pledged to get more funding, because Democrats won’t even consider looking for ways to spend less:

“I don’t see support for raising the gas tax and there is absolutely no way we’re going to cut spending, so it’s going to have to be a creative way to fund this in reality,” Boxer said.

“The administration, you are going to be hearing from them today, is that right? I think you’ll be excited at what they have done on this whole area of transportation,” Boxer told the annual AASHTO Washington Briefing. “They’re looking at tax reform which is certainly one way to make sure we have the funding for six years.”

The Federal Highway Administration has projected that the Highway Trust Fund, supplied by gasoline and diesel fuel taxes, will have to soon alter reimbursements to states for work due to a shortfall. The Congressional Budget Office predicts the Highway Trust Fund could run out of money by August.

Boxer says she’s supportive of new taxes for additional funding.

“Either we’re going to replace the gas tax with another way of funding which I love, which is the fee at the refinery level, I think I may be the only one that likes that idea, so I haven’t seen a groundswell of support for that idea.”

Note too the promise that government “reform” will generate more funds for Obama administration priorities. As far back as 2009, the White House has claimed that they couldn’t find any more spending to cut through reform. When did that change?

Readers probably didn’t need the Washington Post to tell them that Obama’s foreign policy comes from a rich fantasy life — and they won’t need the Post to tell them the same about his economic projections:

President Obama is just out with his newest budget request — which forecasts a dramatic reduction in deficits over the coming decade. The request paints a much rosier debt scenario than a report released by the nonpartisan Congressional Budget Office a month ago. In his budget request, Obama projects public debt as a percentage of gross domestic project falling to 69 percent by 2024, while the CBO has it rising to 79 percent — a difference of 10 percentage points, or roughly $2.7 trillion.

This is largely because Obama assumes the passage of legislation that the CBO doesn’t, and he assumes those laws will generate far more revenue over the next decade. In 2024, the spending/revenue gap (i.e., the annual deficit) in Obama’s budget amounts to 1.6 percent of GDP. CBO’s projected deficit is more than twice that, at 4 percent of GDP.

A $2.7 trillion difference? That’s like an entire year of federal spending … or at least it was during the Bush administration and Republican control of Congress.


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A Roadmap for Growth, Opportunity, and Fiscal Responsibility

Orwellian.

Fenris on March 4, 2014 at 12:43 PM

A $2.7 trillion difference? That’s like an entire year of federal spending … or at least it was during the Bush administration and Republican control of Congress.

.
Merkel was right … One world leader (from behind) is out of touch with reality.

PolAgnostic on March 4, 2014 at 12:45 PM

Cut spending! But we’re in an era of unprecedented austerity where Obama has cut the deficit!

/libtards

gwelf on March 4, 2014 at 12:45 PM

So, which is going to happen:

1) Reid doesn’t bring Obama’s budget to the floor of the Senate at all; or,

2) Obama’s budget goes down in flames on a 0-97 or so vote in the Senate, like all his other budgets?

And, at this point, does any of this really matter?

de rigueur on March 4, 2014 at 12:46 PM

Kabuki theater. But the play is old and tired and bad to begin with.

rbj on March 4, 2014 at 12:47 PM

A Roadmap for Growth, Opportunity, and Fiscal Responsibility

Orwellian.

Fenris on March 4, 2014 at 12:43 PM

Almost Orwellian.

Growth (for government).

Opportunity (for those well connected to the political class)

Fiscal Responsibility – ok, got me there.

gwelf on March 4, 2014 at 12:47 PM

This age of austerity sure costs alot.

Murphy9 on March 4, 2014 at 12:48 PM

The President’s Budget provides a roadmap for accelerating economic growth, expanding opportunity for all Americans, and ensuring fiscal responsibility. It invests in infrastructure, job training, preschool, and pro-work tax cuts, while reducing deficits through health, tax, and immigration reform.

O.k., I give up, this HAS to be a candidate for LIE of the Year.

ToddPA on March 4, 2014 at 12:50 PM

The American Association of State Highway and Transportation Officials

Now there’s a group I’d like to party with! ;0

Seriously, this is all meaningless theater. The Obama budget was DOA and everybody knows it.

Happy Nomad on March 4, 2014 at 12:51 PM

Boxer: “Absolutely no way we’re going to cut spending.”

Then you better have your bunker dug deep, Ma’am, when the ECONOMIC COLLAPSE caused by your spending inevitably happens…

ConstantineXI on March 4, 2014 at 12:51 PM

This age of austerity sure costs alot.

Murphy9 on March 4, 2014 at 12:48 PM

We’re still in the Age of Austerity? I thought this was the Year of Action! Can someone straighten out the Obama calendar?

de rigueur on March 4, 2014 at 12:51 PM

This age of austerity sure costs alot.

Murphy9 on March 4, 2014 at 12:48 PM

We’re still in the Age of Austerity? I thought this was the Year of Action! Can someone straighten out the Obama calendar?

de rigueur on March 4, 2014 at 12:51 PM

It’s just another part of The Regime’s “Newspeak”.

IE: “Smart Power” always seems to be so DUMB in execution a 5 year old would laugh at it…

ConstantineXI on March 4, 2014 at 12:52 PM

Boxer: “Absolutely no way we’re going to cut spending.”

Then you will drown on your way to starving.

Bmore on March 4, 2014 at 12:53 PM

“Either we’re going to replace the gas tax with another way of funding which I love, which is the fee at the refinery level, I think I may be the only one that likes that idea, so I haven’t seen a groundswell of support for that idea.”

Yeah, stick to the refineries. They’ll never pass those costs on in the form of higher gas prices.

B**ch.

Bitter Clinger on March 4, 2014 at 12:54 PM

*stick it to the refineries

Bitter Clinger on March 4, 2014 at 12:55 PM

“I don’t see support for raising the gas tax and there is absolutely no way we’re going to cut spending, so it’s going to have to be a creative way to fund this in reality,” Boxer said.

Awe chucks: raising the gas tax would be a great way to jump start the economy.

“Creative”=hidden

notwantedinN.Y.

jmtham156 on March 4, 2014 at 12:55 PM

O.k., I give up, this HAS to be a candidate for LIE of the Year.

ToddPA on March 4, 2014 at 12:50 PM

The year is still young, my friend. Given all the meaningful stuff that the filthy rat-eared coward and his party will lie about, I don’t think lies about a meaningless budget exercise will stand up over the course of time.

Happy Nomad on March 4, 2014 at 12:56 PM

This woman should be smacked for speaking at an event
with an AASHTO logo…..she doesn’t know her Azz from
a hole in the ground, much less what AASHTO is about….

ToddPA on March 4, 2014 at 12:56 PM

These people need to be in a small, cold, dark, and damp cell under the castle toilets…

Seven Percent Solution on March 4, 2014 at 12:59 PM

We’re still in the Age of Austerity? I thought this was the Year of Action! Can someone straighten out the Obama calendar?

de rigueur on March 4, 2014 at 12:51 PM

Age of Austerity.
Year of Action.
Quarter of Resolve.

Plus women’s history month.

Happy Nomad on March 4, 2014 at 1:00 PM

The year is still young, my friend. Given all the meaningful stuff that the filthy rat-eared coward and his party will lie about, I don’t think lies about a meaningless budget exercise will stand up over the course of time.

Happy Nomad on March 4, 2014 at 12:56 PM

He’ll come up with something far worse over the course of the year, there are too many things coming up that will require worse lies from him.

onesheep on March 4, 2014 at 1:02 PM

Maybe some enterprising Republicans can come out in
the next few days and do what this woman did last evening.

MOCK AND RIDICULE.

Former Alaska Gov. Sarah Palin, who predicted the Russian invasion of the Ukraine in 2008 as a vice presidential candidate, took to the airways on the Sean Hannity show to taunt President Obama and offer some political wisdom.

“People are looking at Putin as one who wrestles bears and drills for oil,” Palin said to Fox News’s Sean Hannity on Monday night. “They look at our president as one who wears mom jeans and equivocates and bloviates.”

Besides pointing out the obvious, that Putin is running rings around Obama, Palin also ruminated about the relationship between energy independence and military strength. She suggested that since Russia has developed its oil and natural gas resources, much of which is being exported to Europe, she has been able to upgrade its military. America, she went on to say, needs to do the same, starting with building the Keystone XL pipeline.

ToddPA on March 4, 2014 at 1:04 PM

Republicans will play hardball and only give the Democrats half of everything they want.

Wigglesworth on March 4, 2014 at 1:05 PM

Kabuki theater. But the play is old and tired and bad to begin with.

rbj on March 4, 2014 at 12:47 PM

And no one is buying any tickets.

ncinca on March 4, 2014 at 1:06 PM

Republicans will play hardball and only give the Democrats half of everything they want.

Wigglesworth on March 4, 2014 at 1:05 PM

Since when has the GOPe ONLY given them HALF? It’s more like they give them 100% and all we get in return are some bubble gun and Bennigan’s coupons.

Juan Boner and Mitch McRINO are very nearly as malevolent and incompetent as Obama.

ConstantineXI on March 4, 2014 at 1:07 PM

The first thing that comes to my mind when I imagine economic prosperity is “preschool funding”.

Bishop on March 4, 2014 at 1:07 PM

Besides pointing out the obvious, that Putin is running rings around Obama, Palin also ruminated about the relationship between energy independence and military strength. She suggested that since Russia has developed its oil and natural gas resources, much of which is being exported to Europe, she has been able to upgrade its military. America, she went on to say, needs to do the same, starting with building the Keystone XL pipeline.

ToddPA on March 4, 2014 at 1:04 PM

Palin would have done a good job in high office. It’s too bad she made such a poor choice in running mates. ;0

Happy Nomad on March 4, 2014 at 1:09 PM

Then you better have your bunker dug deep, Ma’am, when the ECONOMIC COLLAPSE caused by your spending inevitably happens…

ConstantineXI on March 4, 2014 at 12:51 PM

I’ve got a jackhammer rig for my Bobcat.

Bishop on March 4, 2014 at 1:09 PM

In his budget request, Obama projects public debt as a percentage of

gross domestic project

typo or Freudian?

smitty41 on March 4, 2014 at 1:10 PM

Jeebus ….America is just ride’n the Obama chitturd as it spins round & round in flushing bowl singin’ Yippie-Kai-Yay

roflmmfao

donabernathy on March 4, 2014 at 1:10 PM

Uhh…has anyone taken a close look at the screen cap?

The podium sign says “Ass Ho”.

Bishop on March 4, 2014 at 1:13 PM

The first thing that comes to my mind when I imagine economic prosperity is “preschool funding”.

Bishop on March 4, 2014 at 1:07 PM

The first thing that comes to my mind is “expanding the Earned Income Credit” Nothing says economic prosperity like getting some of that free government money for breeding.

Happy Nomad on March 4, 2014 at 1:13 PM

Barack Obama
1h
House Speaker John Boehner, R-Ohio statement on President Obama’s 2015 budget proposal: ‘After years of fiscal and economic mismanagement, the president has offered perhaps his most irresponsible budget yet’ – @toddzwillich
end of alert

canopfor on March 4, 2014 at 1:13 PM

Obama economic plan….. Join The Unemployed Welfare Class and Explore New Opportunities In Degradation and Despair.

roflmmfao

donabernathy on March 4, 2014 at 1:14 PM

Barack Obama
1h
Rep. Paul Ryan, R-Wis., on President Obama’s 2015 budget proposal: ‘The President’s budget is yet another disappointment-because it reinforces the status quo’ – @frankthorpNBC

canopfor on March 4, 2014 at 1:14 PM

“… there is absolutely no way we’re going to cut spending …” Boxer [D-CA] said.

Says it all right there, folks.

Effay5 on March 4, 2014 at 1:14 PM

Mark Knoller ‏@markknoller 41m

Budget shows FY’15 deficit of $546-billion is 3.1% of GDP; National Debt at $18.7-trillion will be 102% of GDP.
Expand

Reply
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Mark Knoller ‏@markknoller 1h

New budget projects $564-billion deficit in 2015 – lowest since 2008. But National Debt will increase $820-billion to $18.7-triillion.
Expand

canopfor on March 4, 2014 at 1:14 PM

And, at this point, does any of this really matter?

de rigueur on March 4, 2014 at 12:46 PM

Nice to known Hilary was right about something.

Athanasius on March 4, 2014 at 1:15 PM

Rep. Paul Ryan, R-Wis., on President Obama’s 2015 budget proposal: ‘The President’s budget is yet another disappointment-because it reinforces the status quo’ – @frankthorpNBC

canopfor on March 4, 2014 at 1:14 PM

Says the guy who gutted military pensions and expanded tax credits for illegals.

Happy Nomad on March 4, 2014 at 1:16 PM

… there is absolutely no way we’re going to cut spending…

Translation: We must hasten the demise of this once great nation. Nothing will stop us!

UltimateBob on March 4, 2014 at 1:16 PM

Says the guy who gutted military pensions and expanded tax credits for illegals.

Happy Nomad on March 4, 2014 at 1:16 PM

If there’s one pol who needs to shut the hell up.

Bishop on March 4, 2014 at 1:19 PM

Plus women’s history month.

Happy Nomad on March 4, 2014 at 1:00 PM

R-R-R-Racits!!!

Effay5 on March 4, 2014 at 1:20 PM

I’m going to need a bigger wheelbarrow for taking my cash to the store to buy bread.

trigon on March 4, 2014 at 1:21 PM

Mark Knoller ‏@markknoller 20m

Budget projects unemployment rate to fall to 6.4% in FY2015; inflation rate at 2.0%; interest on 10-year T-bills up to 3.5%.

Mark Knoller ‏@markknoller 39m

In DC school classroom, Pres Obama makes remarks on the budget and Ukraine. (TV Pool photo by Bryan Cole, Fox News) pic.twitter.com/QbU6qiVrm8

Reply
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Mark Knoller ‏@markknoller 1h

At DC elementary school, Pres Obama says his budget will give millions more people the oppty to get the Earned Income Tax Credit.
Expand

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Mark Knoller ‏@markknoller 1h

Pres Obama calls his new federal budget “a roadmap for creating jobs…without leaving a mountain of debt.”

canopfor on March 4, 2014 at 1:21 PM

Here’s to Barry…

http://cdn.frontpagemag.com/wp-content/uploads/2010/03/cuba-hospital.jpg

Cheers…..

Thank Gawd Da Best & Brightest is Run’ Da Circus

roflmmfao

donabernathy on March 4, 2014 at 1:23 PM

canopfor on March 4, 2014 at 1:14 PM

Says the guy who gutted military pensions and expanded tax credits for illegals.

Happy Nomad on March 4, 2014 at 1:16 PM

Happy Nomad: Wait a tic,..I thought Hopey had the last word on dats!!

canopfor on March 4, 2014 at 1:23 PM

FORWARD, LEMMINGS!

Ward Cleaver on March 4, 2014 at 1:24 PM

The podium sign says “Ass Ho”.

Bishop on March 4, 2014 at 1:13 PM

Finally some truth out of the Libs!!

Deano1952 on March 4, 2014 at 1:24 PM

President Obama 2015 budget proposal
1h
Full 2015 budget proposal from President Obama – @WhiteHouse
read more on whitehouse.gov

http://www.whitehouse.gov/omb/budget/Overview
==============================================

http://www.whitehouse.gov/sites/default/files/omb/budget/fy2015/assets/budget.pdf

canopfor on March 4, 2014 at 1:24 PM

Mark Knoller ‏@markknoller 1h

At DC elementary school, Pres Obama says his budget will give millions more people the oppty to get the Earned Income Tax Credit.
Expand

Awesome! Let’s get everyone on the dole!

Ward Cleaver on March 4, 2014 at 1:24 PM

Age of Austerity.
Year of Action.
Quarter of Resolve.

Plus women’s history month.

Happy Nomad on March 4, 2014 at 1:00 PM

Thanks. Plus
National Pancake Day (and does O like to pour it on thick)
National Grammar Day (I always thought grandmas got included in Mother’s Day…)
National Safety Day/Week (what John Kerry wished Kiev officials a happy one today)

Coming up: The Ides of March!

de rigueur on March 4, 2014 at 1:25 PM

Reuters Top News ‏@Reuters 1h

President Obama’s 2015 budget: Everything you need to know http://reut.rs/1cr2WiH
Expand
============

President Obama’s 2015 budget: Everything you need to know
By Shane Ferro
March 4, 2014
**************

Details of President Obama’s fiscal 2015 budget are starting to dribble out — the full budget is set to be released at 1130 AM today can be found on the OMB’s site or on Scribd. Currently, administration officials are discussing and taking questions on the budget proposal live here. We”ll be gathering updates, reaction, and analysis as the budget here throughout the day.

In a year where many lawmakers seem more concerned with preparing for the midterm elections, much of the focus of the president’s budget is on helping the less fortunate — particularly the expansion of the Earned Income Tax Credit. Here’s Reuters:

The budget signals a shift away from last year’s emphasis on deficit cutting to a more pronounced focus on poverty reduction, a legacy-oriented goal the president is highlighting as he faces less than three years left in office.

About that spending

What’s not up for debate in this budget proposal is how much the government will spend: back in December, Sen. Patty Murray (D-Wash.) and Rep. Paul Ryan (R-Wis.) hashed out a deal, agreeing to spend roughly $1.1 trillion through September 2015.

The budget will, however, have spending projections that go out 10 years, which do often end up being quite a bit different from the money that actually gets spent. Wonkblog has a series of charts showing projected and actual dollars spent on various parts of the budget since the 2005 projections. Somewhat unsurprisingly, the US is over its projected spending on defense and income security (which spiked during and after the financial crisis). It’s under projected spending on interest, “primarily because projections did not foresee a recession that drove interest rates to near-zero,” says Wonkblog.

The budget proposal that comes out today will never become law, explains Jared Bernstein – although neither will the budget that House Republicans propose. The final draft will be somewhere between the two. But, he says, it still has symbolic importance:

You’ve really got to view these documents as aspirational and as such, representative answers to the most existential questions of our current politics: what is the role of government, how large should that role be, how should it be financed, what is the balance between austerity and investment in public goods, in what ways is the market failing to meet the needs of broad swaths of the population and which are the best policies to meet those market failures?

David Wessel has a good primer on how to read the budget itself. Essentially, to skip the words and go directly to the tables — the most interesting of which he walks through in his post.

And now onto the details:

(MORE………)
==================

http://blogs.reuters.com/counterparties/2014/03/04/president-obamas-2015-budget-everything-you-need-to-know/

canopfor on March 4, 2014 at 1:26 PM

Rep. Paul Ryan, R-Wis., on President Obama’s 2015 budget proposal: ‘The President’s budget is yet another disappointment-because it reinforces the status quo’ – @frankthorpNBC

canopfor on March 4, 2014 at 1:14 PM

Wow, with a forceful statement like this, it’s a good thing
he’s on our side.

ToddPA on March 4, 2014 at 1:27 PM

The podium sign says “Ass Ho”.

Bishop on March 4, 2014 at 1:13 PM

Bishop: Lol:)

canopfor on March 4, 2014 at 1:28 PM

Palin would have done a good job in high office. It’s too bad she made such a poor choice in running mates. ;0

Happy Nomad on March 4, 2014 at 1:09 PM

Well one thing’s for sure…she likes to make fun of
Obama’s “manhood”.

ToddPA on March 4, 2014 at 1:30 PM

I expect to be lied to by this Administration.

oldennis on March 4, 2014 at 1:33 PM

AP Politics ‏@AP_Politics 29m

At a glance: Agency-by-agency summary of Obama budget for fiscal 2015, beginning next Oct. 1. http://apne.ws/1jOUqJW
===============================================

Agency-by-agency summary of Obama budget
By The Associated Press
— Mar. 4, 2014 1:16 PM EST
**************************

Here is an agency-by-agency summary of President Barack Obama’s proposed budget for fiscal 2015, beginning next Oct. 1.

The top-line figures do not include spending on automatic benefit and subsidy programs that together account for 70 percent of government spending. Figures for many of those programs were not provided by the White House Office of Management and Budget.

The top-line figures for each agency also omit the $55.4 billion “opportunity” initiative Obama would divide equally between domestic and military programs. An agency-by-agency accounting of that proposed spending was not included in the White House budget documents.

Agency: Agriculture

Discretionary spending: $22.2 billion

Percentage change from 2014: 7.9 percent decrease
=================================================

Agency: Commerce

Discretionary spending: $8.8 billion

Percentage change from 2014: 6 percent increase
=================================================

Agency: Education

Discretionary spending: $68.6 billion

Percentage change from 2014: 1.9 percent increase
=================================================

Agency: Energy

Discretionary spending: $27.9 billon

Percentage change from 2014: 2.6 percent increase
=================================================

Agency: Environmental Protection Agency

Discretionary spending: $7.9 billion

Percentage change from 2014: 3.7 percent decrease
=================================================

Agency: Health and Human Services

Discretionary spending: $73.7 billion

Percentage change from 2014: 7.6 percent decrease
==================================================

Agency: Homeland Security

Discretionary spending: $38.2 billion

Percentage change from 2014: 2.8 percent decrease
=================================================

Agency: Justice

Discretionary spending: $27.4 billion

Percentage change from 2014: 0.7 percent increase
==================================================

Agency: NASA

Discretionary spending: $17.5 billion.

Percentage change from 2014: 0.6 percent decrease.
==================================================

Agency: State and U.S. Agency for International Development

Discretionary spending: $42.6 billion

Percentage change from 2014: 0.2 percent decrease
==================================================

Agency: Transportation

Discretionary spending: $14 billion

Percentage change from 2014: 2.2 percent increase
=================================================

http://bigstory.ap.org/article/agency-agency-summary-obama-budget

canopfor on March 4, 2014 at 1:35 PM

“Executive action” will be the source of this tax increase, I don’t doubt. There are no limits on executive branch power.

MTF on March 4, 2014 at 1:40 PM

Has Il Duce used his pen and phone to legalize pot in the WH? Because with this budget, sure looks like he and his entire OMB staff have been smoking a lot of weed.

Athos on March 4, 2014 at 1:40 PM

I’m pretty sure … any day now …. Barry will announce that he has finished coloring all the pages in his “Tin Pot Dictators” coloring book.

roflmmfao

donabernathy on March 4, 2014 at 1:41 PM

The first question to ask is, why bother?

And the answer was what?

Deafdog on March 4, 2014 at 1:43 PM

Since the 1970′s recessions have come roughly 8 years apart:

1974-75
1981-82
1990
2000-2001
2007-2009

we’re almost 5 years into this so-called recovery. In recessions deficits go up..sometimes a lot

how anyone in their right might would even pay attention to a 10-year projection is beyond me…anyone want to bet there wont be a recession before 2014?..15 years without a recession with 100% debt to GDP..untolds still out of work ???

they make these projections for 2 reasons..to feel smart, good about themselves..and because they know in 10 years no one will even remember them.

what a complete waste.

galtg on March 4, 2014 at 1:51 PM

A more accurate title: A Roadmap to Reduce Self-Sufficiency and Increase Dependence.

rmkdbq on March 4, 2014 at 1:51 PM

Why are you folks lying about the President. Brayam will be around shortly to set you straight.

RickB on March 4, 2014 at 1:52 PM

The first question to ask is, why bother?

And the answer was what?

Deafdog on March 4, 2014 at 1:43 PM

To someone who remains convinced that delaying something bad so that it happens after an election is the same as fixing that something bad, the answer is that when one gives the appearance of doing something, they are ‘leading’ and doing something (even if that something is feckless, vapid, and doing the same things done before while expecting different results).

what a complete waste.

galtg on March 4, 2014 at 1:51 PM

Il Duce has no problems cooking the books in order to skew the employment numbers, so it shouldn’t be a surprise that is will creatively cook the numbers on a 10 year projection to make his ‘budget’ look better than it is. Liars lie.

Athos on March 4, 2014 at 1:57 PM

with all the new taxes they’re planning, that 10 dollar minimum wage won’t be enough for a “living wage”. what then?

jetch on March 4, 2014 at 2:03 PM

No matter what, though, Boxer pledged to get more funding, because Democrats won’t even consider looking for ways to spend less:

What’s most disturbing about this comment is that she’s pretty much speaking for Boehner too. That, are she’s too stupid to understand where spending bills originate.

cajunpatriot on March 4, 2014 at 2:08 PM

0 votes once again

cmsinaz on March 4, 2014 at 2:08 PM

…don’t these people scare the shit out of you?
…and the media lets them get away with it!

KOOLAID2 on March 4, 2014 at 2:13 PM

We’re still in the Age of Austerity? I thought this was the Year of Action! Can someone straighten out the Obama calendar?

de rigueur on March 4, 2014 at 12:51 PM

Well, it’s simple. You start with the first ‘Summer of Recovery’, then subtract the number of leap years, divide by pi and take the square root.

There’s a built-in app for that on the Obamaphone.

On the up side, we’re only about 3.5 months (any day now, in Obamadays) away from the sixth ‘Summer of Recovery’.

ZeusGoose on March 4, 2014 at 2:17 PM

A Roadmap for Growth, Opportunity, and Fiscal Responsibility:

Let’s take a look at what Democrats had to say about “Fiscal Discipline” back in 2006, when they were trying to win control of the House and Senate…

After winning the House and Senate in the Nov 2006 elections, and taking power on 1/3/2007, new Speaker of the House Nancy Pelosi proudly featured the PDF document on the Speaker.gov web site…

https://web.archive.org/web/20070316103030/http://www.speaker.gov/pdf/thebook.pdf

2006:

Over the past decade, the Republican controlled Congress took our nation in the wrong direction. Too many Americans are paying a heavy price for those wrong choices: record costs for energy, health care and education; jobs shipped overseas; and budgets that heap record debt on our children. For millions, the middle-class dream has been replaced by a middle-class squeeze…

Democrats are proposing a New Direction for America…

With integrity, civility and fiscal discipline, our New Direction for America will use commonsense principles to address the aspirations and fulfill the hopes and dreams of all Americans. That is our promise to the American people….

Our federal budget should be a statement of our national values. One of those values is responsibility. Democrats are committed to ending years of irresponsible budget policies that have produced historic deficits. Instead of piling trillions of dollars of debt onto our children and grandchildren, we will restore “Pay As You Go” budget discipline.

Budget discipline has been abandoned by the Bush Administration and its Republican congressional majorities. Congress under Republican control has turned a projected $5.6 trillion 10-year surplus at the end of the Clinton years into a nearly $3 trillion deficit– including the four worst deficits in the history of America. The nation’s debt ceiling has been raised four times in just five years to more than $8.9 trillion. Nearly half of our nation’s record debt is owned by foreign countries including China and Japan. Without a return to fiscal discipline, the foreign countries that make our computers, our clothing and our toys will soon be making our foreign policy. Deficit spending is not just a fiscal problem – it’s a national security issue as well.

Our New Direction is committed to “Pay As You Go” budgeting – no more deficit spending.

2007:

After years of historic deficits, this 110th Congress will commit itself to a higher standard: pay-as-you-go, no new deficit spending. Our new America will provide unlimited opportunity for future generations, not burden them with mountains of debt.

- New Speaker Nancy Pelosi, 01/04/2007

ITguy on March 4, 2014 at 2:22 PM

GOPe “Absolutely no way we are going to cut spending.”

Wigglesworth on March 4, 2014 at 2:26 PM

Obama and his gaggle of liberal fools have completely lost contact with reality. This insanity must be stopped at all costs.

rplat on March 4, 2014 at 2:29 PM

Yeah PAYGO….. crickets

cmsinaz on March 4, 2014 at 2:37 PM

The Obama administration “Opportunity for All” budget proposal contains the following under “Fiscal Responsibility”:

Further reduces the deficit and debt – By paying for new investments and tackling our true fiscal challenges, reduces deficits to 1.6 percent of GDP by 2024, and stabilizes debt as a share of the economy by 2015 and puts it on a declining path after that.

The average FY deficit between 1947-2007 was 1.6% of GDP.
(According to the data released by the White House OMB)

Apparently, the Obama administration administration wants to continue above-average deficits between now and 2024.

When Nancy Pelosi, Harry Reid, and the rest of the Democrats, including then-Senators Barack Obama, Joe Biden, Hillary Clinton, John Kerry, etc., took majority control of the House and Senate, and therefore majority control of all budgeting and appropriations on 1/3/2007, they inherited from the outgoing Republican majority the FY 2007 budget with a deficit less than $161 Billion, representing 1.2% of GDP (well below the average FY 1947-2007 deficit), and the FY 2007 year-end total debt that was 64.6% of GDP.

Far from the story told by the media, Obama and his Democrat peers inherited a below-average deficit when they took majority control of Washington, D.C.

Far from the story told by the media, Obama and his Democrat peers inherited below-average unemployment (4.4%) when they took majority control of Washington, D.C.

Obama and his Democrat peers did not “inherit a mess”, they CREATED a mess.

Obama and his Democrat peers nearly tripled the deficit to 3.2% of GDP in their first fiscal year (FY 2008), and then more than tripled the deficit again to 10.1% of GDP in their second fiscal year (FY 2009).

They have now created the five largest deficits since WWII, and raised the “debt as a share of the economy” to approximately 106.7% of GDP.

Far from keeping their promises of “no new deficit spending”, the Democrat majorities have added so much new deficit spending that since the day they took majority control (1/3/2007) to now, Democrat majorities have MORE THAN DOUBLED THE TOTAL NATIONAL DEBT.

It’s time that Republicans in Washington, D.C. remind the country of what the Democrats promised, versus what the Democrats actually did when they were given majority control.

It’s time for ALL members of Congress, regardless of party, to keep that promise and commit to a budget with “no new deficit spending”.

ITguy on March 4, 2014 at 2:47 PM

On the up side, we’re only about 3.5 months (any day now, in Obamadays) away from the sixth ‘Summer of Recovery’.

ZeusGoose on March 4, 2014 at 2:17 PM

Meanwhile, “now is the winter of our discontent.”

(OT: Gandalf’s rendition.)

de rigueur on March 4, 2014 at 3:33 PM

The level of contempt progressives have for the American people is breathtaking.

Wendya on March 4, 2014 at 3:40 PM

The Associated Press ‏@AP 5m

PHOTO: Copies of President Barack Obama’s 2015 budget proposal are laid out for distribution on Capitol Hill: http://apne.ws/1jOXvtw

canopfor on March 4, 2014 at 3:47 PM

Embrace the Suck…..what a clusterfark all you dumb obama voters got us into….do us all a favor and if you can’t make an informed vote by pulling your heads out of the democrats backside, stay out of the polling booth.

crosshugger on March 4, 2014 at 4:36 PM

Until then, he and Orrin Hatch had been working on the Finance Committee to produce an overhaul of the tax code for both businesses and individuals that would have made the US more competitive and tax planning more straightforward.

Clearly, that could not be allowed to continue.

There Goes the Neighborhood on March 4, 2014 at 6:15 PM