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U.S. News and Commentary



Saturday
Mar232013

Senate Democrats' budget: $5.2 trillion in additional debt

Republicans' House budget isn't perfect, but it is far more practical than the Democrats' Senate fantasy. (Graph: U.S. Government)Democrats in the U.S. Senate must have finally read their job descriptions, having passed their first budget since 2009. House Republicans have a different budget.

The Dem budget is nothing more than an exercise in futility, growing U.S. debt by more than $5 trillion.

In the Democrat version, count on more taxes. Senate Majority Leader Harry Reid appears to be incapable of tackling government spending in a logical manner, because it’s obvious there is ample room to cut federal spending without jarring the nation. Case in point: Vice President Joe Biden’s junkets cost taxpayers about $1 million for two nights, one in Paris and one in London.

CNBC gave an overview of the Dem budget:

The Senate plan…includes $100 billion in upfront infrastructure spending to stimulate the economy and calls for special fast-track rules to overhaul the tax code and raise $975 billion over 10 years through legislation that could not be filibustered. Even with that tax increase and prescribed spending cuts, the Senate plan would leave the government with a $566 billion deficit in 10 years, and $5.2 trillion in additional debt over that time.

The fiscal sinkhole known as the Stimulus was also promoted as infrastructure spending. When all was said and done, the Stimulus was a gigantic waste of taxpayer money.

Recently Rep. Charles Rangel (D-N.Y.) was on Fox News, touting the need for more “revenue” otherwise known as tax hikes. He implied he wanted tax fairness.

Rangel dodged his own federal taxes, something media fail to point out.

The only route to securing a sound fiscal and social future for the U.S.  is to downsize government.

When government grows obese, freedom and personal wealth shrink.

Democrats have already passed numerous tax hikes—roughly 20 in the ObamaCare [Tax] Bill and the expiration of payroll tax cuts and a tax hike on the “rich.”

It’s unfortunate that the Democrat Party lacks a leader who will place the wellbeing of the country above the wellbeing of corporate cronies and political allies.

The federal government is currently a dysfunctional fiscal entity, bleeding money on fraud, corporatist pipedreams in the alt-energy sector and research projects like approximately $400,000 from the Stimulus for research on duck penises. How are duck penises infrastructure?

And still Democrats want more of our money. How arrogant can elected officials get?

(Commentary by Kay B. Day/March 23, 2013)

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