GBFan
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President Barack Obama’s latest budget proposal includes decreased spending on military while pumping nearly $300 million dollars to the nation’s top abortion provider, Planned Parenthood.
He also wants $750 million spent on pre-school. Does the government need to fund preschool? According to the president, it is essential. He said “I am again calling on the Congress to make high-quality preschool available to every four-year-old child."
Turning the absurd into a complete charade, the White House is painting this as a victory over debt.
But perhaps most troubling is the continued march toward greater debt with no attempt to reign in the spending. Fox News reports “By 2024, the total national debt would rise from $17.4 trillion to nearly $25 trillion. By 2020, U.S. taxpayers would be paying more in interest on the debt than they would on the entire Defense budget. By 2017, those interest payments would be bigger than the budget for Medicaid.”
Turning the absurd into a complete charade, the White House is painting this as a victory over debt.
Fox News notes “Sen. Jeff Sessions, R-Ala., top Republican on the Senate Budget Committee, said the president's proposal will continue to inflict ‘an excruciating financial toll.’ According to White House budget documents, the proposal shows the interest on the debt rising from $223 billion this year to more than $800 billion a decade from now.”
So as the defense budget shrinks from $612 billion today to $583 billion in 2020, interest alone will surpass the cost to defend our nation.
To be fair, the story also notes “Many members of Congress, though, have been just as reluctant as members of the administration to take on tough long-term talks about tackling the debt. Past talks between Obama and Republican leaders like House Speaker John Boehner failed to produce a so-called ‘grand bargain,’ leaving both sides feeling burned by the effort. Republicans blame Democrats for pursuing tax increases and shielding some entitlement spending, while Democrats blame Republicans for their stalwart opposition to most tax hikes.”
He also wants $750 million spent on pre-school. Does the government need to fund preschool? According to the president, it is essential. He said “I am again calling on the Congress to make high-quality preschool available to every four-year-old child."
Turning the absurd into a complete charade, the White House is painting this as a victory over debt.
But perhaps most troubling is the continued march toward greater debt with no attempt to reign in the spending. Fox News reports “By 2024, the total national debt would rise from $17.4 trillion to nearly $25 trillion. By 2020, U.S. taxpayers would be paying more in interest on the debt than they would on the entire Defense budget. By 2017, those interest payments would be bigger than the budget for Medicaid.”
Turning the absurd into a complete charade, the White House is painting this as a victory over debt.
Fox News notes “Sen. Jeff Sessions, R-Ala., top Republican on the Senate Budget Committee, said the president's proposal will continue to inflict ‘an excruciating financial toll.’ According to White House budget documents, the proposal shows the interest on the debt rising from $223 billion this year to more than $800 billion a decade from now.”
So as the defense budget shrinks from $612 billion today to $583 billion in 2020, interest alone will surpass the cost to defend our nation.
To be fair, the story also notes “Many members of Congress, though, have been just as reluctant as members of the administration to take on tough long-term talks about tackling the debt. Past talks between Obama and Republican leaders like House Speaker John Boehner failed to produce a so-called ‘grand bargain,’ leaving both sides feeling burned by the effort. Republicans blame Democrats for pursuing tax increases and shielding some entitlement spending, while Democrats blame Republicans for their stalwart opposition to most tax hikes.”