This is just not a good day for President Obama. First, we learn that his top General in Afghanistan, General McChrystal, has no real respect for the president, calling him disengaged and uninterested in the war.
Then, a federal judge found Obama’s ban on off-shore drilling to be unlawful and further stating that his administration has misled the public- no shocker there.
Then, it was announced today that Obama’s budget director, Peter Orszag, is resigning. I guess after screwing things up so badly he’s trying to save some face before things really start getting bad come the Fall.
Then, US Treasury Secretary Timothy Geithner said today that the US economy was “still going through an incredibly difficult period,” as he warned the impact of the crisis would be “lasting.” This, while some are predicting a double-dip recession with unemployment rising to 15%. (Do you think it’s about time that someone explain to the liberals once again that the only way out of a recession is to provide tax cuts and not by stimulus Bills that provide only a temporary fix? Oh, wait, we did tell them, but they didn’t listen. So $3.4 trillion more in debt later and things have only worsen).
Speaking of which House Majority Leader Steny Hoyer said Tuesday that tax increases will eventually be necessary to address the nation’s mounting debt, raising a difficult election-year issue as Democrats fight retain control of Congress. In the shorter term, Hoyer raised the possibility that Congress will only temporarily extend middle-class tax cuts set to expire at the end of the year. He pointedly suggested that making them permanent would be too costly.
Tax cuts enacted under former President George W. Bush are scheduled to expire at the end of the year, affecting taxpayers at every income level. President Barack Obama proposes to permanently extend them for individuals making less than $200,000 a year and families making less than $250,000—at a cost of about $2.5 trillion over the next decade. (Wait, I thought Bush only gave the rich a tax cut and now we learn today that he gave one to everyone and that the Democrats may “temporarily” extend these tax cuts. So that means that once they expire, the Democrats and Obama will be responsible for raising taxes on the middle class after promising not to do so. Interesting that they are NOW saying that the enormous spending has caused them to reconsider not raising taxes on the middle class- remember when conservatives said that they would spend more and then would say that they would need to raise taxes on the middle class?)
Oh, and the best one of the day…
| Cancelled: There Will Be No Congressional Budget This Year ***The Following Is An Important Fiscal Health Announcement*** Washington (Jun 22) In light of House Majority Leader Steny Hoyer’s (D-MD) announcement this morning that House Democrats will not pass a budget this year – failing to fulfill what he has called “the most basic responsibility” of governing – the following important fiscal health warning has been issued: WE REGRET TO INFORM YOU THAT THE CONGRESSIONAL BUDGET PLANNED FOR FISCAL YEAR 2011 HAS BEEN CANCELLED DUE TO WASHINGTON DEMOCRATS’ OUT-OF-CONTROL SPENDING SPREE. AN APOLOGY FOR THIS BETRAYAL OF AMERICAN TAXPAYERS DOES NOT APPEAR TO BE FORTHCOMING AT THIS TIME. BE ADVISED THAT THE FOLLOWING SERVICES WILL BE INTERRUPTED: Imposing the fiscal discipline economists say is needed to create jobs and boost our economy Reining in the out-of-control spending spree that is killing American jobs Carrying out the “most basic responsibility of governing” Stopping middle-class tax hikes that will sock family budgets at the worst possible time Providing the leadership on jobs and the economy that Americans say is sorely lacking Protecting our kids and grandkids from the enormous debt burden Washington has placed on them We reserve the right to notify you of additional consequences that may arise in light of this budget failure, which is unprecedented in the modern era. In the interim, please brace for more spending, more debt, more tax hikes, more broken promises. For families and small businesses looking for a government that listens to the people it serves and respects their hard-earned money, House Republicans are offering better solutions to cut spending now and help small businesses put people back to work. |
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