At long last, the president has revealed his so-called “budget,” and, as expected, it’s a winner:
In Rose Garden statement, Pres Obama calls his budget "a fiscally-responsible blueprint for middle class jobs and growth."
— Mark Knoller (@markknoller) April 10, 2013
Snort.
Pres Obama says his budget makes the "investments" to help make America "a magnet for new jobs."
— Mark Knoller (@markknoller) April 10, 2013
He says his budget "replaces the foolish across-the-board spending cuts that are already hurting our economy."
— Mark Knoller (@markknoller) April 10, 2013
Reduced federal spending? Heavens! We can’t have that!
Pres Obama says his plan to fund more infrastructure & make sure hard work pays off "should not be partisan…should not be controversial."
— Mark Knoller (@markknoller) April 10, 2013
If you're serious about deficit reduction, says the pres., there's no excuse to keep tax loopholes open for big corps and wealthy.
— Mark Knoller (@markknoller) April 10, 2013
And no one is more serious about deficit reduction than Barack Obama.
So, what are all these “investments” and “infrastructure” going to cost us, Mr. President?
Obama budget projects National Debt will climb to over $25-trillion over ten years. That's 97% of projected GDP of $26-trillion in 2023.
— Mark Knoller (@markknoller) April 10, 2013
Ah.
NBD RT @TimCameron: Obama budget's aims to skyrocket our national debt to $25.4 trillion by 2023. FORWARD!!!
— Bill Murphy (@billmurphy) April 10, 2013
Obama's budget projects America's debt will climb to over $25T over ten years. That's 97% of projected GDP of $26T in 2023. Can you imagine?
— Samuel Ogundipe (@SamuelOgundipe) April 10, 2013
$25 *TRILLION*. Just fantastic.
— John Ekdahl (@JohnEkdahl) April 10, 2013
65 days late & trillions of dollars short – @BarackObama's adds $8.2 trillion in new debt.
— Darrell Issa (@DarrellIssa) April 10, 2013
Movin’ on up!
Also, Obama budget projects next ten years of deficit will total $5.271-trillion.
— Mark Knoller (@markknoller) April 10, 2013
But he’s serious about deficit reduction!
Obama's budget: $1.1 trillion in new taxes, $8.2 trillion in new debt, nearly $1 trillion in new spending, and it won't balance — ever.
— Senate Republicans (@Senate_GOPs) April 10, 2013
Balance is overrated, anyway. Let’s hear more about these new taxes:
He says his budget will raise taxes on tobacco products that harm our young people.
— Mark Knoller (@markknoller) April 10, 2013
US Treasury estimates the tobacco tax, if enacted, would raiser $78-billion in new revenue over ten years.
— Mark Knoller (@markknoller) April 10, 2013
WH also says the tobacco tax hike would serve to discourage youth smoking as well.
— Mark Knoller (@markknoller) April 10, 2013
Cigarettes are bad for our children! And the president needs more Americans to take up smoking — for the children:
Obama budget proposes to raise federal cigarette tax from $1.01 to $1.95 per pack, earmarked for pre-K expansion.
— David Wessel (@davidmwessel) April 10, 2013
Smokers, what you’re doing to our youth is evil! And, in order for Big Government to fund their education, you need to keep on puffing.
If we fund free pre-k with a federal cigarette tax, wouldn't we have to end stop smoking initiatives? ..For the kids? http://t.co/yIpqrv2uYn
— Noah Rothman (@NoahCRothman) April 10, 2013
Good question.
I like how Obama's budget plan for free kindergarten sounds like a High School JV Debate plan — "pay for it with cigarette taxes."
— Walter Hickey (@WaltHickey) April 9, 2013
And the less fortunate no longer need to worry about being left out of the economic debate. Their contributions will be integral to the program’s success:
Very regressive. MT @motokorich: paying for preK– Obama budget proposes increase in federal cigarette taxes from $1.01 to $1.95 per pack
— Greg Anrig (@GregAnrig) April 10, 2013
Tax on poor RT @ZekeJMiller: Obama will pay for his preschool for all proposal by raising the federal tax on cigarettes and other tobacco
— Umar (@umarjones) April 10, 2013
Look. The national debt is already projected to reach over $25 trillion in the next ten years. We totally need these taxes in order to prevent the debt from climbing even higher. Right?
The untold story with Obama's budget is that the tax increases he's seeking will be used to pay for new programs, not pay down the debt.
— Hair (@SHannitysHair) April 10, 2013
Oh.
