Sen. Durbin Tells FOX News Sunday: Dems Will Only Cut $10.5 Billion From Bloated Budget – UPDATED!
Posted by iusbvision on March 6, 2011
It is obvious, the Democrat leadership wants a government shut down and are not serious about getting spending under control. This inspires a loss of confidence. UPDATE March 29 – Democrat leaders caught on tape plotting government shut down, acting in bad faith – LINK.
UPDATE – Worlds largest bond fund dumps U.S. Treasuries - LINK. Loss of confidence inspires things like this folks.
The deficit in February was $232 billion (yes that is for a single month), which is substantially higher than the entire yearly deficit the last year the Republicans had fiscal control (2007). The Democrats plan to borrow 42 cents for every dollar they spend.
From a $3.7 TRILLION proposed budget, the Democrats are only willing to drop $10.5 billion from that outrageous number? That is less than 1/3 of 1%.
The Democrats proposal is like taking a $100 grocery bill and cutting it by 28 CENTS. The GOP spending cut proposal is so modest that it would only be cutting that same grocery bill by about $1.59. How can anyone say with a straight face that either of these cuts are draconian? The GAO just issued a report detailing that many agencies/programs in government have duplicate overlap and are a waste.
The Republicans already compromised with the Democrats by lowering the cuts from this outrageous deficit spending from $100 billion to $61 billion.
The Republicans compromised once, now the Democrats are rejecting the $61 billion compromise. This shows just how dishonest the Democrats were when they said that government has to start living within its means. Obama promised that he would offer a plan to reform entitlements, no such plan has been offered and his budget just continues trillion dollar yearly deficits for as long as the eye can see.
Does anyone doubt that the left is trying to spend us into oblivion? If you do doubt it, please post a logical explanation. The Democrats behavior is so outrageous they are proving Glenn Beck and David Horowitz right about the Cloward-Piven Strategy.
UPDATE - Sen. Mitch McConnell: Obama budget proposal – “unacceptable”, “indefensible”
UPDATE II – Obama Debt Commission Chair’s Speak Out! To Increase Govt Revenue We Must : Lower the tax rates to 8, 14 and 23%. Make a new slim and lean tax code. Lower the corporate tax rate.
Great interview. All credit to Erskine Bowles, who used to be one of the nastier partisan Democrat hired guns. He has almost completely adopted a near Steve Forbes like tax agenda, because that is the best way to raise government revenue. Bowles even makes the case that Democrats need to get real on spending cuts and that Republicans aren’t pushing hard enough. I am in awe. Bowles has even says that unions have over reached. I am sure Bowles is feeling the heat from his former colleagues. I never thought I would see myself typing these words; Erskine Bowles has earned my respect. My hat is off to his courage.